PSR Annual Report 2006-07

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Appendix 1: Financial Statements

Note 6: Non-Financial Assets

Note 6A: Land and buildings
2007 $ 2006 $
Leasehold Improvements:
- fair value 461,288 452,528
- accumulated depreciation (268,147) (172,543)
- impairment losses 0 0
Total leasehold improvements 193,141 279,985
Total land and buildings (non-current) 193,141 279,985
Note 6B: Infrastructure, plant and equipment
Infrastructure, plant and equipment:
- fair value 488,150 364,172
- accumulated depreciation (179,719) (105,443)
Total infrastructure, plant and equipment 308,431 258,729

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

Note 6C: Intangibles
Computer software at cost:
- Internally developed-—in use 376,661 626,998
- Accumulated amortisation (235,333) (383,306)
Total intangibles (non-current) 141,328 243,692

No indicators of impairment were found for intangible assets.

Note 6D: Other non-financial assets
Other 5,838 25,636
Total other non-financial assets 5,838 25,636

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

Note 6E: Analysis of property, plant and equipment
TABLE A – Reconciliation of the opening and closing balances of property, plant and equipment (2006–07)
Item Land $ Buildings $ Other IP & E $ Total $
As at 1 July 2006
Gross book value 0 452,528 364,402 816,930
Accumulated depreciation/amortisation and impairment 0 (172,543) (105,673) (278,216)
Net book value 1 July 2006 0 279,985 258,729 538,714
Additions:
by purchase 0 0 139,768 139,768
by finance lease 0 0 0 0
from acquisition of entities or operations (including restructuring) 0 0 0 0
Revaluations and impairments through equity 0 0 0 0
Reclassification 0 0 0 0
Depreciation/amortisation expense 0 (92,257) (80,435) (172,692)
Impairments recognised in the operating result 0 0 0 0
Other movements 0 5,413 (9,631) (4,218)
Disposals:
From disposal of entities or operations (including restructuring) 0 0 0 0
Other disposals 0 0 0 0
Net book value 30 June 2007 0 193,141 308,431 501,572
Net book value as of 30 June 2007 represented by:
Gross book value 0 461,288 488,150 949,438
Accumulated depreciation/amortisation and impairment 0 (268,146) (179,719) (447,865)
0 193,141 308,431 501,572

During the financial year PSR undertook a full review of its fixed asset register. The review resulted in several adjustments which are shown as other movements.

TABLE B – Reconciliation of the opening and closing balances of property, plant and equipment (2005–06)
Item Land $ Buildings $ Other IP & E $ Total $
As at 1 July 2005
Gross book value 0 450,404 296,941 747,345
Accumulated depreciation/amortisation and impairment 0 (82,180) (34,620) (116,800)
Net book value 1 July 2005 0 368,224 262,321 630,545
Additions:
by purchase 0 2,124 67,461 69,585
by finance lease 0 0 0 0
from acquisition of entities or operations (including restructuring) 0 0 0 0
Revaluations and impairments through equity 0 0 0 0
Reclassification 0 0 0 0
Depreciation/amortisation expense 0 (90,363) (71,053) (161,416)
Impairments recognised in the operating result 0 0 0 0
Other movements 0 0 0 0
Disposals:
From disposal of entities or operations (including restructuring) 0 0 0 0
Other disposals 0 0 0 0
Net book value 30 June 2006 0 279,985 258,729 538,714
Net book value as of 30 June 2006 represented by:
Gross book value 0 452,528 364,402 816,930
Accumulated depreciation/amortisation and impairment 0 (172,543) (105,673) (278,216)
0 279,985 258,729 538,714
Note 6F: Intangibles
TABLE C – Reconciliation of the opening and closing balances of intangibles1 (2006–07)
Item Computer software internally developed $ Computer software purchased $ Total $
As at 1 July 2006
Gross book value 434,675 192,323 626,998
Accumulated depreciation/amortisation and impairment (278,373) (104,933) (383,306)
Net book value 1 July 2006 156,302 87,390 243,692
Additions:
by purchase or internally developed 0 26,412 26,412
by finance lease 0 0 0
from acquisition of entities or operations (including restructuring) 0 0 0
Reclassification 0 0 0
Amortisation (67,374) (43,260) (110,634)
Other movements (22,056) 7,750 (14,306)
Disposals:
Other disposals 0 (3,836) (3,836)
Net book value 30 June 2007 66,872 74,456 141,328
Net book value as of 30 June 2007 represented by:
Gross book value 186,404 190,257 376,661
Accumulated depreciation/amortisation and impairment (119,532) (115,801) (235,333)
66,872 74,456 141,328

1 During the financial year PSR undertook a full review of its fixed asset register. The review resulted in several adjustments which are shown as other movements.

TABLE D – Reconciliation of the opening and closing balances of intangibles (2005–06)
Item Computer software internally developed $ Computer software purchased $ Total $
As at 1 July 2005
Gross book value 384,075 160,764 544,839
Accumulated depreciation/amortisation and impairment (193,654) (74,501) (268,155)
Net book value 1 July 2005 190,421 86,263 276,684
Additions:
by purchase or internally developed 50,600 34,696 85,296
by finance lease 0 0 0
from acquisition of entities or operations (including restructuring) 0 0 0
Reclassification 3,137 (3,137) 0
Amortisation (87,856) (30,432) (118,288)
Impairments recognised in the operating result 0 0 0
Other movements 0 0 0
Disposals:
from disposal of entities or operations (including restructuring) 0 0 0
Other disposals 0 0 0
Net book value 30 June 2006 156,302 87,390 243,692
Net book value as of 30 June 2006 represented by:
Gross book value 434,675 192,323 626,998
Accumulated depreciation/amortisation and impairment (278,373) (104,933) (383,306)
156,302 87,390 243,692

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