ANNUAL REPORT 2021-22

56 19. LEASE LIABILITIES Leasing arrangements ANNUAL REPORT 2021-22 ANNUAL REPORT 2021-22 2022 2021 $'000 $'000 22. RESERVES The Corporation leases motor vehicles and buildings throughout the Northern Territory. The lease terms vary between 1 and 10 years. The Corporation lease liabilities consisted of: Current Lease liabilities 600 691 Non-current Lease liabilities Total Balance at beginning of the year 2022 2021 $'000 $'000 107 107 Movement for the year 107 Balance at end of the year A parcel of land in Alice Springs that was allocated to the Corporation upon separation from Power and Water Corporation was revalued from its originally allocated value of $1 to $107,000 based on its fair value from its long term lease arrangement. 23. RETAINED EARNINGS 861 1,272 1,461 1,963 Retained earnings /(deficit) at beginning of the year Total comprehensive income (loss) for the year Dividends paid Retained earnings/(deficit) at end of the year The following table presents liabilities under leases for 2021-22: Balance at 1 July 2021 1,963 2,362 Additions 186 551 RECONCILIATION OF PROFIT AFTER INCOME TAX Interest expenses 78 134 24. TO NET CASH FROM OPERATING ACTIVITIES Payments Balance at 30 June 2022 (766) (1,084) 1,461 1,963 Fair value The fair value of the finance lease liabilities is approximately equal to their carrying value. 20. ISSUED CAPITAL Share capital 1 Share Total share capital Refer to Note 1(t) Issued Capital. Profit after income tax expense for the year Adjustments for: 107 (76,427) (83,337) 16,931 10,859 (5,430) (3,950) (64,926) (76,427) 16,931 10,859 Depreciation and amortisation 22,320 21,919 Net loss on disposal of non-current assets 432 520 Net impairment of assets 5,319 74 Changes in assets and liabilities: Decrease/(increase) in: Trade, other receivables and other current assets 2,361 (3,645) Inventories 1,178 (3,643) Increase/(decrease) in: 21. CONTRIBUTED EQUITY Contributed equity at beginning of the year 213,593 213,593 Contributed equity during the year Trade and other payables Energy accruals Provisions Deferred income 340 1,468 578 459 393 1,219 (3,333) (3,333) Contributed equity at end of the year 213,593 213,593 Taxation liabilities 6,939 4,632 The original contributed equity of $183.593 million was the result of the capital structure of the Corporation approved Net cash flows from operating activities 53,458 30,529 by the Shareholding Minister with regard to the fair value of its acquired asset base and an appropriate debt level. An additional $30.0 million has been contributed since inception. 57 40

View entire presentation