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

Notes to the Financial Statements.

For the year ended 30 June 2008

	2008	2007
2. Revenue	$	$
Operating activities
Operating grants	3,572,881	4,033,685
Other grants – new premises	24,000	-
Costs recovered	178,757	85,627
Services revenue	279,152	-
Other revenue	100,000	10,469
	4,154,790	4,129,781
Non-operating activities
Interest received	46,544	50,407
Total Revenue	4,201,334	4,180,188
3. Expenses
Employee benefits	2,208,081	1,902,758
Depreciation and amortisation
Furniture and fittings	20,037	19,973
Computer equipment and software	33,658	20,351
Office furniture	12,222	14,820
Motor vehicles	27,689	14,359
Leased motor vehicles	21,045	15,927
	114,651	85,430
Bad and doubtful debts
Bad debts	-	109,545
Doubtful debts	292,676	(250,999)
	292,676	(141,454)
Finance costs
Finance leases	7,509	7,831
Rental expense on operating leases
Minimum lease payments	51,370	58,549
Other expenses
Service delivery costs	667,701	1,261,153
Other administration services	1,012,024	926,161
Non-operating activities
Loss on disposal of plant and equipment	3,519	22,787
Total other expenses	1,683,244	2,210,101
Total Expenses	4,357,531	4,123,215
	2008	2007
4. Auditors ’ Remuneration	$	$
Remuneration for auditing and reviewing the financial report	24,554	43,508
5. Cash And Cash Equivalents
CURRENT
Cash at bank and on hand	167,011	474,026
Short-term bank deposits	513,290	-
Short-term bank deposit – rental bond	198,000	-
	878,301	474,026
6. Trade And Other Receivables
CURRENT
Trade receivables	391,408	39,627
Provision for impairment of receivables	(340,094)	(16,500)
	51,314	23,127
Other receivables	1,007	27,056
Security deposits	45,482	48,689
GST receivable	-	27,346
	46,489	103,091
	97,803	126,218
7. Other Curent Assets
CURRENT
Prepayments	24,637	81,839

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