28. Budgetary information

In addition to the specific departmental operations that are included in the financial statements, the department administers or manages other activities and resources on behalf of the NT such as regulatory fees, petroleum and mining rents.

The department does not gain control over assets arising from these collections, consequently no income is recognised in the its financial statements. The transactions relating to these activities are reported as administered items in this note.

Administered Territory Items2018-19
Actual
$000
2018-19
Original budget
$000
Variance
$000
Note
TERRITORY INCOME AND EXPENSES    
Income    
Grants and subsidies revenue     
Capital 1,500 1,500 0  
Fees from regulatory services 8,886 8,791 95  
Royalties and rents 4,420 4,000 420 1
Other income 7 65 (58)  
Total income14,81314,356457 
     
Expenses    
Other administrative expenses 14,813 14,356 457 2
Total expenses14,81314,356457 
Territory income less expenses000 
     
TERRITORY ASSETS AND LIABILITIES    
Assets    
Other receivables 3,197 3,325 (128) 3
Total assets3,1973,325(128) 
     
Liabilities    
Unearned Central Holding Authority income 3,197 3,325 (128) 3
Total liabilities3,1973,325(128) 
Net assets000 

Notes:

The following note descriptions relate to variances greater than 10 per cent or $0.1 million.

  1. The increase against budget is due to higher than anticipated rent from mining, petroleum and pipeline activities.
  2. Similar to Note 1, the transfer to the Central Holding Account reflected the same increase of activities against budget.
  3. The recognition of unearned exploration licenses and mining title rents, and receivables is lower than expected.

ANNUAL REPORT 2018-19 - DEPARTMENT OF PRIMARY INDUSTRY AND RESOURCES


Last updated: 23 October 2019

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