Non-Financial Assets
2.2 Non-Financial Assets | |||||
2.2A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles | |||||
Buildings | Leasehold improvements | Plant and equipment | Computer software | Total | |
$’000 | $’000 | $’000 | $’000 | $’000 | |
As at 1 July 2019 | |||||
Gross book value | - | 74 | 122 | - | 196 |
Accumulated depreciation, amortisation and impairment | - | (50) | (52) | - | (102) |
Total as at 1 July 2019 | - | 24 | 70 | - | 94 |
Recognition of right of use asset on initial application of AASB 16 | 411 | - | - | - | 411 |
Adjusted total as at 1 July 2019 | 411 | 24 | 70 | - | 506 |
Additions | |||||
Purchase | - | - | 45 | - | 45 |
Internally developed | - | - | - | 106 | 106 |
Depreciation and amortisation | (274) | (16) | (31) | - | (322) |
Total as at 30 June 2020 | 137 | 8 | 84 | 106 | 336 |
Total as at 30 June 2020 represented by | |||||
Gross book value | 411 | 74 | 167 | 106 | 759 |
Accumulated depreciation, amortisation and impairment | (274) | (66) | (83) | - | (424) |
Total as at 30 June 2020 | 137 | 8 | 84 | 106 | 336 |
There were no indicators of impairment found for property, plant and equipment. | |||||
Property, plant and equipment and intangibles are not expected to be sold or disposed of within the next 12 months. | |||||
Revaluations of non-financial assets | |||||
No revaluation performed as assets are less than 3 years old and internally assessed as still fit for purpose. | |||||
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https://www.transparency.gov.au/annual-reports/asbestos-safety-and-eradication-agency/reporting-year/2019-20-29