Department of Foreign Affairs and Trade
Notes to and Forming Part of the Financial Statements

Note 21: Administered – Non-Financial Assets

Note 21A: Reconciliation of the opening and closing balances for property, plant and equipment and intangibles
         
Leasehold improvements Property, plant and equipment Computer software internally developed Total
$’000 $’000 $’000 $’000
As at 1 July 2014
Gross book value 2,592 32 11,319 13,943
Accumulated depreciation, amortisation & impairment (465) (14) (6,540) (7,019)
Work in progress – – 375 375
Net book value 1 July 2014 2,127 18 5,154 7,299
Additions  
    By purchase or internally developed – – 291 291
Depreciation & amortisation expenses (453) (10) (859) (1,322)
Other movements        
Asset transfers (13) 13 – –
Disposals  
    Other Disposals – (3) – (3)
Net book value 30 June 2015 1,661 18 4,586 6,265
Net book value as of 30 June 2015 represented by
Gross book value 2,576 44 11,319 13,939
Accumulated depreciation, amortisation & impairment (915) (26) (7,399) (8,340)
Work in progress – – 666 666
Net book value 30 June 2015 1,661 18 4,586 6,265

 

Note 21A: Reconciliation of the opening and closing balances for property, plant and equipment and intangibles (continued)
         
Leasehold improvements Property, plant and equipment Computer software internally developed Total
$’000 $’000 $’000 $’000
As at 1 July 2013
Gross book value 2,637 1,113 10,063 13,813
Accumulated depreciation, amortisation & impairment (12) (162) (4,567) (4,741)
Work in progress – – 614 614
Net book value 1 July 2013 2,625 951 6,110 9,686
Additions
     By purchase or internally developed – – 1,017 1,017
Depreciation & amortisation expenses (462) (44) (1,973) (2,479)
Disposals
    Other disposals (36) (889) – (925)
Net book value 30 June 2014 2,127 18 5,154 7,299
Net book value as of 30 June 2014 represented by:
Gross book value 2,592 32 11,319 13,943
Accumulated depreciation, amortisation & impairment (465) (14) (6,540) (7,019)
Work in progress – – 375 375
Net book value 30 June 2014 2,127 18 5,154 7,299
Leasehold improvements        
No indicators of impairment have been found for leasehold improvement assets in the current financial year (2014: nil).
There were no revaluation increments or decrements for leasehold improvements in either 2015 or 2014.
No leasehold improvement assets are expected to be sold within the next 12 months (2014: nil).
Property, plant and equipment        
No plant and equipment was held by the department under finance leases in the current financial year (2014: nil).
There were no revaluation increments or decrements for property, plant and equipment in either 2015 or 2014.
No property, plant and equipment assets are expected to be sold within the next 12 months (2014: nil).
Intangibles        
No indicators of impairment have been identified for intangible assets in the current financial year (2014: nil).
No intangible assets are expected to be sold within the next 12 months (2014: nil).

 

2015 2014
$’000 $’000
Note 21B: Other Non-Financial Assets  
Prepayments 151 652
Total other non-financial assets 151 652
 
Total other non-financial assets are expected to be recovered in  
No more than 12 months 151 652
More than 12 months – –
Total other non-financial assets 151 652
No indicators of impairment were identified for other non-financial assets (2014: nil).