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Note 8. Non-Financial Assets
Notes to and forming part of the Financial Statements
For the year ended 30 June 2006
Note 8: Non-Financial Assets
| |
2006 |
2005 |
| 8A. Land and buildings |
$'000 |
$'000 |
| Leasehold land - fair value |
750 |
750 |
| Total land |
750 |
750 |
| Buildings on leasehold land - fair value |
4,000 |
4,000 |
| Accumulated depreciation |
(160) |
- |
| Total buildings |
3,840 |
4,000 |
| Total land and buildings |
4,590 |
4,750 |
| |
2006 |
2005 |
| 8B. Infrastructure, plant and
equipment |
$'000 |
$'000 |
| Plant and equipment - fair value |
579 |
467 |
| Accumulated depreciation |
(162) |
- |
| Total infrastructure, plant and equipment |
417 |
467 |
| Movement in asset revaluation reserve |
| Increment for land |
- |
90 |
| Increment for buildings |
- |
960 |
| Increment for plant and equipment |
- |
(13) |
|
- |
1,037 |
| Increment for land reversed & recognised
as revenue (note 5G) |
- |
10 |
| |
2006 |
2005 |
| 8C. Intangibles |
$'000 |
$'000 |
| Information Management System - at cost |
1,271 |
803 |
| Accumulated depreciation |
(802) |
(718) |
|
469 |
85 |
| Software - at cost |
116 |
73 |
| Accumulated depreciation |
(80) |
(62) |
|
36 |
11 |
| Total intangibles |
505 |
96 |
All revaluations are conducted in accordance with the revaluation policy stated
at Note 1.
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8D. Analysis of Property, Plant, Equipment and Intangibles
Table A - Reconciliation of the opening and closing balances of property,
plant and equipment and intangibles
| |
Leasehold Land $'000 |
Buildings on leasehold land $'000 |
Other Infrastructure, Plant & Equipment
$'000 |
Computer software - Total Intangibles$'000 |
Total
$'000 |
| As at 1 July 2005 |
| Gross book value |
750 |
4,000 |
467 |
876 |
6,093 |
| Accumulated depreciation/amortisation |
- |
- |
- |
(780) |
(780) |
| Opening net book value |
750 |
4,000 |
467 |
96 |
5,313 |
| Additions |
| by purchase |
- |
- |
112 |
511 |
623 |
| Net revaluation increment/decrement |
- |
- |
- |
- |
- |
| Depreciation/amortisation expense |
- |
(160) |
(162) |
(102) |
(424) |
| As at 30 June 2006 |
| Gross book value |
750 |
4,000 |
579 |
1,387 |
6,716 |
| Accumulated depreciation/amortisation |
- |
(160) |
(162) |
(882) |
(1,204) |
| Closing net book value |
750 |
3,840 |
417 |
505 |
5,512 |
| |
2006 |
2005 |
| 8E - Other non-financial assets |
$'000 |
$'000 |
| Prepayments |
72 |
27 |
| All other non-financial assets are current |
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