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Note 8: Non-financial assets
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|
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|
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|
2015 |
|
2014 |
|
Notes |
$'000 |
|
$'000 |
8A: Land and buildings |
|
|
|
|
Land |
|
|
|
|
Fair value |
8C |
1,400 |
|
1,400 |
|
|
|
|
|
|
|
|
|
|
Buildings on freehold land |
|
|
|
|
Fair value |
8C |
510 |
|
510 |
Accumulated depreciation |
8C |
(20) |
|
− |
Total buildings on freehold land |
|
490 |
|
510 |
|
|
|
|
|
Leasehold improvements |
|
|
|
|
Fair value |
|
67,256 |
|
64,323 |
Accumulated depreciation |
|
(7,791) |
|
(77) |
Work in progress (at cost) |
|
754 |
|
− |
Total leasehold improvements |
8C |
60,219 |
|
64,246 |
Total land and buildings |
8C |
62,109 |
|
66,156 |
No indicators of impairment were found for land and buildings.
No land or buildings are expected to be sold or disposed of within the next 12 months.
All revaluations were undertaken in accordance with the revaluation policy stated at Note 1. In 2015 there was a nil increment (2014:$0.053m increment) for buildings on freehold land. In 2015 there was a nil increment (2014: $0.100m) for leasehold improvements that were credited to the asset revaluation surplus by asset class and included in the equity section of the balance sheet.
8B:
Property, plant and equipment
Heritage and cultural |
|
|
|
|
Library
(at fair value) |
|
5,930 |
|
5,930 |
Artworks
- Artbank (at fair value) |
|
35,793 |
|
35,171 |
Accumulated depreciation |
|
(141) |
|
− |
Total heritage and cultural |
8C |
41,582 |
|
41,101 |
|
|
|
|
|
Other property, plant and equipment |
|
|
|
|
Fair value |
|
35,120 |
|
52,633 |
Accumulated depreciation |
|
(17,266) |
|
(33,655) |
Total other property, plant and equipment |
8C |
17,854 |
|
18,978 |
Total property, plant and equipment |
|
59,436 |
|
60,079 |
No indicators of impairment were found for property, plant and equipment.
No property, plant or equipment is expected to be sold or disposed of within the next 12 months.
All revaluations were undertaken in accordance with the revaluation policy stated at Note 1. In 2015 there was a nil increment (2014: $3.387m increment) for heritage and cultural that was credited against the asset revaluation surplus by asset class and included in the equity section of the balance sheet.
All revaluations were undertaken in accordance with the revaluation policy stated at Note 1. A revaluation of property, plant and equipment was undertaken by an independent valuer with effect from 30 June 2015. In 2015 a revaluation decrement for property, plant and equipment of $0.094m (2014: nil increment) was debited against the asset revaluation surplus by asset class and included in the equity section of the balance sheet.
Note 8C: Reconciliation of the opening and closing balances of property, plant and equipment for 2014-2015
|
Land |
Buildings |
Leasehold improvements |
Total land and buildings |
Heritage and cultural |
Other property, plant & equipment |
Total |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
As at 1 Jul 2014 |
|
|
|
|
|
|
|
Gross book value |
1,400 |
510 |
64,323 |
66,233 |
41,101 |
52,633 |
159,967 |
Accumulated depreciation and impairment |
− |
− |
(77) |
(77) |
− |
(33,655) |
(33,732) |
Total as at 1 July 2014 |
1,400 |
510 |
64,246 |
66,156 |
41,101 |
18,978 |
126,235 |
Additions |
|
|
|
|
|
|
|
By purchase |
− |
− |
3,687 |
3,687 |
622 |
5,285 |
9,594 |
Revaluations and impairments recognised in other comprehensive income |
− |
− |
− |
− |
− |
(94) |
(94) |
Assets first recognised |
− |
− |
− |
− |
− |
− |
− |
Depreciation expense |
− |
(20) |
(7,714) |
(7,734) |
(141) |
(6,298) |
(14,173) |
Other movements: transfer of assets from Department of Regional Australia, Local Government, Arts and Sport |
− |
− |
− |
− |
− |
− |
− |
Other movements - transfer assets between classes |
− |
− |
− |
− |
− |
− |
− |
Disposals |
|
|
|
|
|
|
|
Property,
plant and equipment |
− |
− |
− |
− |
− |
(17) |
(17) |
Total as at 30 June 2015 |
1,400 |
490 |
60,219 |
62,109 |
41,582 |
17,854 |
121,545 |
Total as at 30 June 2015 represented by |
|
|
|
|
|
|
|
Gross book value |
1,400 |
510 |
68,010 |
69,920 |
41,723 |
35,120 |
146,763 |
Accumulated depreciation and impairment |
− |
(20) |
(7,791) |
(7,811) |
(141) |
(17,266) |
(25,218) |
Total as at 30 June 2015 |
1,400 |
490 |
60,219 |
62,109 |
41,582 |
17,854 |
121,545 |
Note 8C: Reconciliation of the opening and closing balances of property, plant and equipment for 2013-2014
|
Land |
Buildings |
Leasehold improvements |
Total land and buildings |
Heritage and cultural |
Other property, plant & equipment |
Total |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
As at 1 Jul 2013 |
|
|
|
|
|
|
|
Gross book value |
1,400 |
888 |
71,492 |
73,780 |
1,663 |
44,721 |
120,164 |
Accumulated depreciation and impairment |
− |
− |
− |
− |
− |
(25,217) |
(25,217) |
Total as at 1 July 2013 |
1,400 |
888 |
71,492 |
73,780 |
1,663 |
19,504 |
94,947 |
Additions |
|
|
|
|
|
|
|
By purchase |
− |
− |
989 |
989 |
373 |
7,518 |
8,880 |
Revaluations and impairments recognised in other comprehensive income |
− |
53 |
100 |
153 |
3,387 |
− |
3,540 |
Assets first recognised |
− |
− |
− |
− |
460 |
− |
460 |
Depreciation expense |
− |
(31) |
(8,372) |
(8,403) |
(100) |
(8,907) |
(17,410) |
Other movements: transfer of assets from Department of Regional Australia, Local Government, Arts and Sport |
− |
− |
86 |
86 |
37,014 |
511 |
37,611 |
Other movements - transfer assets between classes |
− |
(400) |
− |
(400) |
− |
400 |
- |
Disposals |
|
|
|
|
|
|
|
Property,
plant and equipment |
− |
− |
(49) |
(49) |
(1,696) |
(48) |
(1,793) |
Total as at 30 June 2014 |
1,400 |
510 |
64,246 |
66,156 |
41,101 |
18,978 |
126,235 |
Total as at 30 June 2014 represented by |
|
|
|
|
|
|
|
Gross book value |
1,400 |
510 |
64,323 |
66,233 |
41,101 |
52,633 |
159,967 |
Accumulated depreciation and impairment |
− |
− |
(77) |
(77) |
− |
(33,655) |
(33,732) |
Total as at 30 June 2014 |
1,400 |
510 |
64,246 |
66,156 |
41,101 |
18,978 |
126,235 |
8D: Intangibles
|
|
2015 |
2014 |
|
Notes |
$'000 |
$'000 |
|
|
|
|
Computer software |
|
|
|
Internally developed - in progress |
|
7,194 |
2,307 |
Internally developed - in use |
|
38,120 |
37,024 |
Purchased |
|
18,645 |
14,816 |
Accumulated amortisation |
|
(43,165) |
(33,401) |
Total intangibles |
8E |
20,794 |
20,746 |
No indicators of impairment were found for intangibles.
No intangibles are expected to be sold or disposed of within the next 12 months.
Note 8E: Reconciliation of the opening and closing balances of intangibles for 2014-2015
|
Computer software internally developed |
Computer software purchased |
Total |
|
$'000 |
$'000 |
$'000 |
As at 1 July 2014 |
|
|
|
Gross book value |
39,331 |
14,816 |
54,147 |
Accumulated depreciation and impairment |
(21,793) |
(11,608) |
(33,401) |
Total as at 1 July 2014 |
17,538 |
3,208 |
20,746 |
Additions |
|
|
|
By purchase |
− |
3,869 |
3,869 |
Internally developed |
5,982 |
− |
5,982 |
Total additions |
5,982 |
3,869 |
9,851 |
Amortisation expense |
(6,486) |
(3,317) |
(9,803) |
Other movements: transfer of assets from Department of Regional Australia, Local Government, Arts and Sport |
− |
− |
− |
Total as at 30 June 2015 |
17,034 |
3,760 |
20,794 |
|
|
|
|
Total as at 30 June 2015 represented by |
|
|
|
Gross book value |
45,313 |
18,646 |
63,959 |
Accumulated depreciation and impairment |
(28,279) |
(14,886) |
(43,165) |
Total as at 30 June 2015 |
17,034 |
3,760 |
20,794 |
Note 8E: Reconciliation of the opening and closing balances of intangibles for 2013-2014
|
Computer software internally developed |
Computer software purchased |
Total |
|
$'000 |
$'000 |
$'000 |
As at 1 July 2013 |
|
|
|
Gross book value |
37,089 |
13,529 |
50,618 |
Accumulated depreciation and impairment |
(15,350) |
(9,436) |
(24,786) |
Total as at 1 July 2013 |
21,739 |
4,093 |
25,832 |
Additions |
|
|
|
By purchase |
− |
1,147 |
1,147 |
Internally developed |
2,242 |
− |
2,242 |
Total additions |
2,242 |
1,147 |
3,389 |
Amortisation expense |
(6,443) |
(2,172) |
(8,615) |
Other movements: transfer of assets from Department of Regional Australia, Local Government, Arts and Sport |
− |
140 |
140 |
Total as at 30 June 2014 |
17,538 |
3,208 |
20,746 |
Total as at 30 June 2014 represented by |
|
|
|
Gross book value |
39,331 |
14,816 |
54,147 |
Accumulated depreciation and impairment |
(21,793) |
(11,608) |
(33,401) |
Total as at 30 June 2014 |
17,538 |
3,208 |
20,746 |
8F: Other non-financial assets
|
|
2015 |
|
2014 |
|
Notes |
$'000 |
|
$'000 |
|
|
|
|
|
Prepayments |
|
5,652 |
|
5,810 |
|
|
|
|
|
Other non-financial assets expected to be recovered |
|
|
|
|
No more than 12 months |
|
4,581 |
|
5,034 |
More than 12 months |
|
1,071 |
|
776 |
Total other non-financial assets |
|
5,652 |
|
5,810 |
