DHF Annual Report 2009 - NT Health Digital Library - Northern ...

1. Objectives and fundingThe Department of Health and Families’ mission is to improve the health status and wellbeing of all peoplein the Northern Territory.Additional information in relation to the Department of Health and Families and its principal activities maybe found in section Department at a Glance of the Annual Report.The Department is predominantly funded by, and is dependent on the receipt of Parliamentary appropriations.functions and deliver outputs. For reporting purposes, outputs delivered by the Agency are summarisedOperating Statement by Output Group.2. Statement of significant accounting policiesa) Basis of Accounting Management Act and related Treasurer’s Directions. The Financial Management Act requires the cost convention. Accounting Standards. The effects of all relevant new and revised Standards and Interpretations issued bythe Australian Accounting Standards Board (AASB) that are effective for the current annual reporting periodhave been evaluated. The Standards and Interpretations and their impacts are:AASB 101 Presentation of Financial Statements (September 2007), AASB 2007-8 Amendments toAustralian Accounting Standards arising from AASB 101, AASB 2007-10 Further Amendments to AustralianAccounting Standards arising from AASB 101.This Standard has been revised and introduces a number of terminology changes as well as changesto the structure of the Comprehensive Operating Statement and Statement of Changes in Equity. OtherComprehensive Income is now disclosed in the Comprehensive Operating Statement and the Statement ofChanges in Equity discloses owner changes in equity separately from non-owner changes in equity.AASB 123 Borrowing Costs, AASB 2009-1 Amendments to Australian Accounting Standards – Borrowing178Department Health and Families