Appendixes
Appendix 1: Financial statements
Note 7–Non-Financial Assets
Note 7A–Land and buildings
| 2004–2005 $ | 2003–2004 $ | |
|---|---|---|
| Leasehold improvements: | ||
| Leasehold improvements at cost | 423,404 | - |
| Less: Leasehold improvements at cost – accumulated depreciation | (77,230) | - |
| 346,174 | - | |
| Leasehold improvements at fair value (2003–04) | - | 1,364 |
| Less: Leasehold improvements at fair value – accumulated depreciation (2003–04) |
- | (1,364) |
| Leasehold improvements at fair value (2002-03) | - | 18,093 |
| Less: Leasehold improvements at fair value – accumulated depreciation (2002-03) |
- | (5,207) |
| - | 12,886 | |
| Leasehold improvements at deprival value (2001-02) | - | 220,056 |
| Less: Leasehold improvements at deprival value – accumulated depreciation (2001-02) | - | (220,056) |
| Total Leasehold improvements | 346,174 | 12,886 |
| Total Land and buildings | 346,174 | 12,886 |
All revaluations are independent and are conducted in accordance with the revaluation policy stated in Note 1. All valuations have been performed by the Australian Valuation Office.
No revaluation increments or decrements were made against Land and Buildings for 2005 (2004: $59,606 was expensed).
Note 7B–Infrastructure, plant and equipment
| 2004–2005 $ | 2003–2004 $ | |
|---|---|---|
| Infrastructure, plant and equipment at cost | 250,956 | 189,452 |
| Infrastructure, plant and equipment at cost – accumulated depreciation | (34,620) | (17,730) |
| 216,336 | 171,722 | |
| Infrastructure, plant and equipment at fair value (2004–05) | 45,985 | - |
| Less: Infrastructure, plant and equipment at fair value – accumulated depreciation (2004–05) |
- | - |
| 45,985 | - | |
| Infrastructure, plant and equipment at fair value (2002-03) | - | 36,495 |
| Less: Infrastructure, plant and equipment at fair value – accumulated depreciation (2002-03) |
- | (6,883) |
| - | 29,612 | |
| Infrastructure, plant and equipment at deprival value (2001-02) | - | 245,473 |
| Less: Infrastructure, plant and equipment at deprival value – accumulated depreciation (2001-02) |
- | (207,657) |
| - | 37,816 | |
| Total Infrastructure, plant and equipment | 262,321 | 239,150 |
All revaluations are independent and are conducted in accordance with the revaluation policy stated in Note 1. All valuations have been performed by the Australian Valuation Office.
A revaluation decrement of $7,492 was made against the asset revaluation reserve (2004: $0) and a decrement of $33,714 was expensed (2004: $22,013).
Note 7C–Intangibles
| 2004–2005 $ | 2003–2004 $ | |
|---|---|---|
| Computer Software: | ||
| Computer Software at Cost | 544,839 | 471,394 |
| Computer Software at Cost–accumulated amortisation | (268,155) | (176,206) |
| Total Computer Software | 276,684 | 295,188 |
| Total Intangibles | 276,684 | 295,188 |
Note 7D–Analysis of Property, Plant and Equipment
| A) Asset Movement Summary | ||||||||
|---|---|---|---|---|---|---|---|---|
| Item | Land $ | Buildings–leasehold improvements $ | Total land and buildings $ | Total Infrastructure, plant and equipment $ | Computer software $ | Other intangibles $ | Total intangibles $ | Total $ |
| Gross value as at 1 July 2004 |
- | 239,512 | 239,512 | 471,420 | 471,394 | - | 471,394 | 1,182,326 |
| Accumulated Depreciation/Amortisation as at 1 July 2004 |
- | (226,626) | (226,626) | (232,270) | (176,206) | - | (176,206) | (635,102) |
| Net book value as at 1 July 2004 |
- | 12,886 | 12,886 | 239,150 | 295,188 | - | 295,188 | 547,224 |
| Additions: | ||||||||
| Purchase of assets | - | 423,404 | 423,404 | 181,797 | 53,097 | – | 53,097 | 658,298 |
| From acquisition of operations (including restructuring) | - | – | – | – | – | – | – | – |
| Net revaluation increment/(decrement) | - | – | – | (41,205) | – | – | – | (41,205) |
| Depreciation/amortisation expense | - | (90,115) | (90,115) | (81,202) | (90,548) | – | (90,548) | (261,865) |
| Reclassifications | - | – | – | (18,947) | 18,947 | – | 18,947 | – |
| Write-offs/downs | - | – | – | – | – | – | – | – |
| Disposals: | ||||||||
| From disposal of operations | – | – | – | – | – | – | – | – |
| Other disposals | – | – | – | (17,272) | – | – | – | (17,272) |
| Gross value as at 30 June 2005 |
– | 423,404 | 423,404 | 399,467 | 544,839 | – | 544,839 | 1,367,710 |
| Accumulated Depreciation/Amortisation as at 30 June 2005 |
– | (77,230) | (77,230) | (137,146) | (268,155) | – | (268,155) | (482,531) |
| Net book value as at 30 June 2005 |
– | 346,174 | 346,174 | 262,321 | 276,684 | – | 276,684 | 885,179 |
| B) Assets at valuation | ||||||||
| Item | Land $ | Buildings–leasehold improvements $ | Total land and buildings $ | Total Infrastructure, plant and equipment $ | Computer software $ | Other intangibles $ | Total intangibles $ | Total $ |
| Gross value as at 30 June 2005 | – | – | – | 45,985 | – | – | – | 45,985 |
| Accumulated Depreciation/Amortisation as at 30 June 2005 | – | – | – | – | – | – | – | – |
| Net book value as at 30 June 2005 |
– | – | – | 45,985 | – | – | – | 45,985 |
| Gross value as at 1 July 2004 |
– | 239,513 | 239,513 | 281,968 | – | – | – | 521,481 |
| Accumulated Depreciation/Amortisation as at 1 July 2004 |
– | (226,627) | (226,627) | (214,540) | – | – | – | (441,167) |
| Net book value as at 1 July 2004 |
– | 12,886 | 12,886 | 67,428 | – | – | – | 80,314 |
| C) Assets under Construction | ||||||||
| Item | Land $ | Buildings–leasehold improvements $ | Total land and buildings $ | Total Infrastructure, plant and equipment $ | Computer software $ | Other intangibles $ | Total intangibles $ | Total $ |
| Gross value as at 30 June 2005 |
– | – | – | – | – | – | – | – |
| Gross value as at 1 July 2004 | – | – | – | – | – | – | – | – |
Note 7E–Other non-financial assets
| 2004–2005 $ | 2003–2004 $ | |
|---|---|---|
| Prepayments | 19,028 | 651,629 |
| Total Other non-financial assets | 19,028 | 651,629 |