Final Annual Report - Health Workforce Australia

Note 6: Non-Financial Assets

Notes to and forming part of the financial statements for the year ended 30 June 2014

Page last updated: 18 May 2015

Note 6A: Property, Plant and Equipment
  2014 2013
  $’000 $’000
Note 6A:  Property, Plant and Equipment
Leasehold improvements:  
Fair value - 5,606
Accumulated depreciation - (2,114)
Total leasehold improvements  - 3,492
Other property, plant and equipment:  
Fair value 2,844 2,815
Accumulated depreciation and impairment (2,484) (1,188)
Total other property, plant and equipment 360 1,627
Total property, plant and equipment 360 5,119

Where indicators of impairment were found for property, plant and equipment the assets were written down through the Statement of Comprehensive Income.

No property, plant or equipment is expected to be sold or disposed of within the next 12 months.

Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment (2013-14)
  Leasehold Improvements Other property, plant & equipment Other Total
  $’000 $’000 $’000 $’000
As at 1 July 2013
Gross book value 5,606 2,753 62 8,421
Accumulated depreciation and impairment (2,114) (1,171) (17) (3,302)
Net book value 1 July 2013 3,492 1,582 45 5,119
Additions:  
by Purchase  11  26  3 40
Impairments recognised in the operating result (2,213) (553) (35) (2,801)
Depreciation expense (1,290) (695) (13) (1,998)
Net book value 30 June 2014  - 360  - 360
Net book value as of 30 June 2014 represented by:  
Gross book value - 2,779 65 2,844
Accumulated depreciation and impairment - (2,419) (65) (2,484)
  - 360  - 360
Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment (2012-13)
  Leasehold Improvements Other property, plant & equipment Other Total
  $’000 $’000 $’000 $’000
As at 1 July 2012
Gross book value 4,376 2,244 29 6,649
Accumulated depreciation and impairment (970) (563) (7) (1,540)
Net book value 1 July 2012 3,406 1,681 22 5,109
Additions:  
by Purchase 1,230 511 33 1,774
Impairments recognised in the operating result - (2) - (2)
Depreciation expense (1,144) (608) (10) (1,762)
Net book value 30 June 2013 3,492 1,582 45 5,119
Net book value as of 30 June 2013 represented by:  
Gross book value 5,606 2,753 62 8,421
Accumulated depreciation and impairment (2,114) (1,171) (17) (3,302)
  3,492 1,582 45 5,119
Note 6B: Intangibles
Note 6B: Intangibles 2014 2013
Computer software: $’000 $’000
Purchased 588 500
Accumulated amortisation and impairment (334) (186)
Total computer software 254 314

No indicators of impairment were found for intangibles.

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

Reconciliation of the Opening and Closing Balances of Intangibles (2013-14)
  Computer software purchased Total
  $’000 $’000
As at 1 July 2013
Gross book value 500 500
Accumulated amortisation and impairment (186) (186)
Net book value 1 July 2013 314 314
Additions  
by Purchase 88 88
Impairments recognised in the operating result (8) (8)
Amortisation (140) (140)
Net book value 30 June 2014 254 254
Net book value as of 30 June 2014 represented by:  
Gross book value 588 588
Accumulated amortisation and impairment (334) (334)
  254 254
Reconciliation of the Opening and Closing Balances of Intangibles (2012-13)
  Computer software purchased Total
  $’000 $’000
As at 1 July 2012
Gross book value 422 422
Accumulated amortisation and impairment (75) (75)
Net book value 1 July 2012 347 347
Additions  
by Purchase 78 78
Impairments recognised in the operating result - -
Amortisation (111) (111)
Net book value 30 June 2013 314 314
Net book value as of 30 June 2013 represented by:  
Gross book value 500 500
Accumulated amortisation and impairment (186) (186)
  314 314
Note 6C: Other Non-Financial Assets
Note 6C: Other Non-Financial Assets 2014 2013
  $’000 $’000
Prepayments 36,961 936
Total other non-financial assets 36,961 936
Total other non-financial assets - are expected to be recovered in:  
No more than 12 months 36,961 936
Total other non-financial assets 36,961 936

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