Final Annual Report - Health Workforce Australia

Note 6: Non-Financial Assets

Notes to and forming part of the financial statements for the period 1 July 2014 to 7 October 2014.

Page last updated: 18 May 2015

Note 6A: Property, Plant and Equipment
2015
$’000
2014
$’000
Other property, plant and equipment:
Fair value
2,844
2,844
Accumulated depreciation and impairment
(2,516)
(2,484)
Total other property, plant and equipment
328
360
Total property, plant and equipment
328
360

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 (7 October 2014)
Other property,
plant &
equipment
$’000
Other
$’000
Total
$’000
As at 1 July 2014
Gross book value
2,779
65
2,844
Accumulated depreciation and impairment
(2,419)
(65)
(2,484)
Net book value 1 July 2014
360
-
360
Additions:
by Purchase
-
-
-
Impairments recognised in the operating result
-
-
-
Depreciation expense
(32)
-
(32)
Net book value 7 October 2014
328
-
328
Net book value as of 7 October 2014 represented by:
Gross book value
2,779
65
2,844
Accumulated depreciation and impairment
(2,451)
(65)
(2,516)
328
-
328
Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment (2013-14)
 
Leasehold
Improvements
$’000
Other property, plant
& equipment
$’000
Other
$’000
Total
$’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
-
2,781
65
2,844
Accumulated depreciation and impairment
-
(2,421)
(65)
(2,484)
-
360
-
360
Note 6B: Intangibles
 
2015
2014
Computer software:
$’000
$’000
Purchased
588
588
Accumulated amortisation and impairment
(588)
(334)
Total computer software
-
254

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 (7 October 2014)
Computer software purchased
$’000
Total
$’000
As at 1 July 2014
Gross book value
588
588
Accumulated amortisation and impairment
(334)
(334)
Net book value 1 July 2014
254
254
Additions
by Purchase
-
-
Impairments recognised in the operating result
(215)
(215)
Amortisation
(39)
(39)
Net book value 7 October 2014
-
-
Net book value as of 7 October 2014 represented by:
Gross book value
588
588
Accumulated amortisation and impairment
(588)
(588)
-
-
Reconciliation of the Opening and Closing Balances of Intangibles (2013-14)
Computer software
purchased
$’000
Total
$’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
Note 6C:  Other Non-Financial Assets
2015
2014
$’000
$’000
Prepayments
29
36,961
Total other non-financial assets
29
36,961
Total other non-financial assets - are expected to be recovered in:
No more than 12 months
29
36,961
Total other non-financial assets
29
36,961
No indicators of impairment were found for other non-financial assets.