Contents

• Letter of Presentation
• Chair Report
• CEO Report
• Our Company’s
  Purpose, Vision & Values
• The Board of Directors
  • + Member Directors
  • + Non-Member Directors
• Offices
• Executive Team
• Management &
  Operational Structure
• Corporate Governance
• Human Resource Management
• Our Community
  Our Service
• Overview of NTSCORP Operations
  • + Overview of Native Title &    Related Applications
  • + Facilitation & Assistance    Function
  • + Other Functions
  • + Report on Performance by    Matter

Financial Report

• Directors’ Report
  • + Information on Directors
  • + Meeting of Directors
• Auditors’ Independence Declaration
• Income Statement
• Balance Sheet
• Statement of Recognised Income & Expenditure
• Cash Flow Statement
• Notes to the Financial Statements
• Directors’ Declaration
• Independent Auditor’s Report
• Disclaimer of Opinion
• Detailed Income Statement

• Appendix
• Abbreviations

NTSCORP
Limited Detailed
Income Statement.

For the year ended 30 June 2008

	2008	2007
Revenue	$	$
FaHCSIA government grants	3,572,881	4,033,685
FaHCSIA government grants – new premises	24,000	-
Costs recovered	178,757	85,627
Services revenue	279,152	-
Interest received	46,544	50,407
Other income	100,000	10,469
Total Revenue	4,201,334	4,180,188
Expenditure
Advertising	14,522	2,446
Annual report	7,404	14,250
Annual return fees	1,250	40
Audit fees	24,554	43,508
Bank charges	1,864	1,886
Casual staff	5,015	23,235
Cleaning and gardening	22,800	21,962
Consultants – legal	11,658	42,500
Consultants – strategy plan	15,329	-
Depreciation and amortisation	114,651	85,430
Bad debts	-	109,545
Bad and doubtful debts	292,676	(250,999)
Electricity and power	15,139	12,834
Entertainment	9,787	12,778
Equipment rental	51,370	58,549
Insurance	118,430	108,934
Interest paid	308	-
IT services	48,547	46,210
Loss on sale of non-current assets	3,519	22,787
Meetings and seminars	89,205	65,704
Motor vehicle running	79,555	54,185
Newsletter	275	1,750
Office supplies	76,476	69,459
OH&S	10,154	7,945
Professional services output	554,492	1,092,209
Postage and couriers	14,276	13,412
Recruitment	990	1,631
Relocation	-	1,077
Rent	238,742	222,060
Repairs and maintenance	8,029	20,228
Security	2,814	2,263
Staff training and welfare	81,063	81,749
Superannuation	166,025	150,793
Training – directors	6,570	18,529
Telephone and fax	75,779	61,273
Travelling	138,362	137,473
TRIM/Leap	2,569	28,150
Wages and salaries	2,053,332	1,737,430
Total Expenditure	4,357,531	4,123,215
(Deficit)/Surplus from ordinary activities	(156,197)	56,973
Retained surplus at the beginning of the financial year	322,652	265,679
Retained surplus at the end of the financial year	166,455	322,652

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