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 Items | 2018-19 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 income | 14,813 | 14,356 | 457 | |
| Expenses | ||||
| Other administrative expenses | 14,813 | 14,356 | 457 | 2 |
| Total expenses | 14,813 | 14,356 | 457 | |
| Territory income less expenses | 0 | 0 | 0 | |
| TERRITORY ASSETS AND LIABILITIES | ||||
| Assets | ||||
| Other receivables | 3,197 | 3,325 | (128) | 3 |
| Total assets | 3,197 | 3,325 | (128) | |
| Liabilities | ||||
| Unearned Central Holding Authority income | 3,197 | 3,325 | (128) | 3 |
| Total liabilities | 3,197 | 3,325 | (128) | |
| Net assets | 0 | 0 | 0 |
Notes:
The following note descriptions relate to variances greater than 10 per cent or $0.1 million.
- The increase against budget is due to higher than anticipated rent from mining, petroleum and pipeline activities.
- Similar to Note 1, the transfer to the Central Holding Account reflected the same increase of activities against budget.
- 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
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