Part 4: Financial Statements – HTML version

Notes to and forming part of the Financial Statements

Note 8: Non-Financial Assets
	2004 $'000	2003 $'000
Note 8A: Land and Buildings
*Leasehold improvements*
- at cost	4,649	3,185
- Accumulated depreciation	(426)	(197)
Total	4,223	2,988
- at 1999-00 valuation (deprival)	256	3,747
- Accumulated depreciation	(256)	(1,782)
Total	-	1,965
- at 2002-03 valuation (fair value)	10,801	10,801
- Accumulated depreciation	(2,552)	(1,336)
Total	8,249	9,465
- at 2003–04 valuation (fair value)	11,422	-
- Accumulated depreciation	(2,765)	-
Total	8,657	-
- Assets under construction	99	-
*Total leasehold improvements*	21,228	14,418
*Total Land and Buildings (non-current)*	21,228	14,418

Note 8B: Infrastructure, Plant and Equipment
*Infrastructure, plant and equipment*
- at cost	11,069	8,421
- Accumulated depreciation	(5,829)	(2,494)
Total	5,240	5,927
- under construction	396	-
Total	396	-
- at 1999-00 valuation (deprival)	538	242
- Accumulated depreciation	(370)	(135)
Total	168	107
- at 2000-01 valuation (deprival)	1,792	2,170
- Accumulated depreciation	(1,675)	(1,180)
Total	117	990
- at 2002-03 valuation (fair value)	157	180
- Accumulated depreciation	(86)	(52)
Total	71	128
*Total Infrastructure, Plant and Equipment (non-current)*	5,992	7,152

Note 8C: Analysis of Property, Plant and Equipment
	Buildings - Leasehold Improvements $'000	Land & Buildings - Total $'000	Other IP&E $'000	TOTAL $'000
As at 1 July 2003
Gross book value	17,733	17,733	11,013	28,746
Accumulated depreciation/amortisation	(3,315)	(3,315)	(3,861)	(7,176)
Net book value	14,418	14,418	7,152	21,570

Additions
by purchase	3,524	3,524	2,412	5,936
by finance lease	-	-	-	-
from acquisition of operations	-	-	-	-

Net revaluation increment/(decrement)	7,536	7,536	-	7,536
Reclassifications	-	-	-	-
Depreciation/amortisation expense	(4,250)	(4,250)	(3,489)	(7,739)
Recoverable amount write-downs	-	-	(12)	(12)
Other movements	-	-	-	-

Disposals
From disposal of operations	-	-	-	-
Other disposals	-	-	(71)	(71)

As at 30 June 2004
Gross book value	27,227	27,227	13,952	41,179
Accumulated depreciation/amortisation	(5,999)	(5,999)	(7,960)	(13,959)
*Net book value*	21,228	21,228	5,992	27,220

TABLE B - Assets at valuation
	Buildings - Leasehold Improvements $'000	Land & Buildings - Total $'000	Other IP&E $'000	TOTAL $'000
As at 30 June 2004
Gross value	22,479	22,479	2,487	24,966
Accumulated depreciation / amortisation	(5,573)	(5,573)	(2,131)	(7,704)
*Net book value*	16,906	16,906	356	17,262
As at 30 June 2003
Gross value	14,548	14,548	2,592	17,140
Accumulated depreciation / amortisation	(3,118)	(3,118)	(1,367)	(4,485)
Net book value	11,430	11,430	1,225	12,655

TABLE C: Assets held under finance lease
	Buildings - Leasehold Improvements $'000	Land & Buildings - Total $'000	Other IP&E $'000	TOTAL $'000
As at 30 June 2004
Gross value	-	-	4,568	4,568
Accumulated depreciation / amortisation	-	-	(2,212)	(2,212)
*Net book value*	-	-	2,356	2,356
As at 30 June 2003
Gross value	-	-	3,032	3,032
Accumulated depreciation / amortisation	-	-	(927)	(927)
Net book value	-	-	2,105	2,105

TABLE D - Assets under construction
	Buildings - Leasehold Improvements $'000	Land & Buildings - Total $'000	Other IP&E $'000	TOTAL $'000
Gross value at 30 June 2004	99	99	396	495
Gross value at 30 June 2003	-	-	-	-

Note 8D: Intangibles
	2004 $'000	2003 $'000
Computer software:
Internally developed - in progress (non-current)	6,455	738
Total	6,455	738
Internally developed - in use (non-current)	49,444	47,228
- Accumulated amortisation	(24,575)	(16,497)
Total	24,869	30,731
Externally acquired - at cost (non-current)	2,364	2,248
- Accumulated amortisation	(1,987)	(1,668)
Total	377	580
Copyright - at cost	105	105
- Accumulated amortisation	(44)	(9)
Total	61	96
*Total intangibles (non-current)*	31,762	32,145

TABLE A - Reconciliation of the opening and closing balances of intangibles
	Computer Software $'000	Other Intangibles $'000	Intangibles - Total $'000
As at 1 July 2003
Gross book value	50,214	105	50,319
Accumulated depreciation/amortisation	(18,165)	(9)	(18,174)
Net book value	32,049	96	32,145

Additions
by purchase	8,054	-	8,054
by finance lease	-	-	-
from acquisition of operations	-	-	-

Net revaluation increment/(decrement)	-	-	-
Reclassifications	-	-	-
Depreciation/amortisation expense	(8,397)	(35)	(8,432)
Recoverable amount write-downs	-	-	-
Other movements	-	-	-

Disposals
From disposal of operations	-	-	-
Other disposals	(5)	-	(5)

As at 30 June 2004
Gross book value	58,263	105	58,368
Accumulated depreciation/amortisation	(26,562)	(44)	(26,606)
*Net book value*	31,701	61	31,762

Note 8E: Other Non-Financial Assets
	2004 $'000	2003 $'000
Prepayment to Centrelink	4,692	11,738
Other Prepayments	5,191	3,548
*Total other non-financial assets*	9,883	15,286