Comcare - Australian Government
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Note 7: Non financial assets

  2011
$’000
2010
$’000
 
7A Property, plant and equipment
Office machines and equipment
- Work in progress 673 199
- Fair value 3,260 2,929
- Accumulated depreciation (1,504) (1,004)
Total office machines and equipment 2,429 2,124
 
Leasehold improvements
- Work in progress 470 348
- Fair value 9,522 8,671
- Accumulated depreciation (3,247) -
Total leasehold improvements 6,745 9,019
 
Motor vehicles
- Fair value 41 41
- Accumulated depreciation (37) (30)
Total motor vehicles 4 11
 
Property, plant and equipment
- Work in progress 1,143 547
- Fair value 12,823 11,641
- Accumulated depreciation (4,788) (1,034)
Total property, plant and equipment (non-current) 9,178 11,154

Property, plant and equipment are subject to revaluation. Revaluations are conducted in accordance with the revaluation policy stated in Note 1.  In 2010-11 no independent valuation was conducted as the carrying amounts of these assets did not differ materially from their fair values.  (2010: An independent valuation was conducted for leasehold improvements, resulting in a valuation increment of $1,192,727.) 

No indicators of impairment were found for property, plant and equipment.

Some computer equipment and leasehold improvements are expected to be sold or disposed of within the next 12 months.
  2011
$’000
2010
$’000
 
7B Intangibles
Computer software purchased
- Work in progress - 1,734
- At cost 12,428 10,343
Total computer software (gross) 12,428 12,077
 
- Accumulated amortisation (9,510) (8,961)
Total computer software (net) 2,918 3,116
Total intangibles 2,918 3,116

No indicators of impairment were found for intangible assets.

No intangibles are expected to be sold or disposed of within the next 12 months.

7C Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles (2011)

  Other Property, plant & equipment$’000 Computer software purchased$’000 TOTAL$’000
As at 1 July 2010
Gross book value 12,188 12,077 24,265
Accumulated depreciation/amortisation (1,034) (8,961) (9,995)
Net book value 1 July 2010 11,154 3,116 14,270
 
Additions* 2,170 351 2,521
Depreciation/amortisation expense (4,062) (549) (4,611)
Disposals:

Other

(84) - (84)
Net book value 30 June 2011 9,178 2,918 12,096
 
Net book value 30 June 2011 represented by:
Gross book value 13,966 12,428 26,394
Accumulated depreciation/amortisation (4,788) (9,510) (14,298)
  9,178 2,918 12,096

* Disaggregated additions information are disclosed in the Schedule of Asset Additions.

7C (Cont’d) Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles (2010)

  Other Property, plant & equipment
$’000
Computer software purchased
$’000
TOTAL
$’000
As at 1 July 2009      
Gross book value 10,176 10,052 20,228
Accumulated depreciation/amortisation (362) (8,563) (8,925)
Net book value 1 July 2009 9,814 1,489 11,303
       
Additions* 3,062 2,025 5,087
Revaluations and impairments 1,193 - 1,193
Depreciation/amortisation expense (2,915) (398) (3,313)
Disposals:      

Other

- - -
Net book value 30 June 2010 11,154 3,116 14,270
       
Net book value 30 June 2010 represented by:      
Gross book value 12,188 12,077 24,265
Accumulated depreciation/amortisation (1,034) (8,961) (9,995)
Accumulated impairment losses - - -
  11,154 3,116 14,270

* Disaggregated additions information are disclosed in the Schedule of Asset Additions.

  2011
$’000
2010
$’000
 
7D Other non-financial assets
Prepayments 1,075 898
Total other non- financial assets 1,075 898
 
Other non-financial assets are expected to be recovered in:

Less than 12 months

1,075 898

More than 12 months

- -
Total other non- financial assets 1,075 898

No indicators of impairment were found for other non-financial assets.