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Departmental Financial Position (cont.)

Notes to and forming part of the Financial Statements

3.2 Non-Financial Assets

3.2A: Reconciliation of the Opening and Closing Balances of Property, Plant, Equipment and Intangibles

Reconciliation of the opening and closing balances of property, plant equipment and intangibles for 2019

Buildings

Plant and

equipment

Heritage

and

cultural

1

Intangibles

2

Total

$'000

$'000

$'000

$'000

$'000

Total as at 1 July 2018

Gross book value

9,415

3,510

234

3,478

16,637

Accumulated depreciation, amortisation and impairment

(93)

(33)

-

(1,582)

(1,708)

Total as at 1 July 2018

9,322

3,477

234

1,896

14,929

Additions by purchase

75

196

-

555

826

Revaluations recognised in other comprehensive income

( 616)

(164)

2

-

(778)

Impairments recognised in net cost of services

(3)

(46)

(1)

(729)

(779)

Depreciation and amortisation

(572)

(184)

(2)

(342)

(1,100)

Accumulated depreciation - write back on asset write down

-

6

2

693

701

Accumulated depreciation - write back on revaluation

580

175

-

-

755

Other movements - asset reclassification

1,437

(1,437)

-

-

-

Total as at 30 June 2019

10,223

2,023

235

2,073

14,554

Total as at 30 June 2019 represented by:

Gross book value

10,308

2,060

235

3,304

15,907

Accumulated depreciation, amortisation and impairment

(85)

(37)

-

(1,231)

(1,353)

Total as at 30 June 2019

10,223

2,023

235

2,073

14,554

3.2B: Reconciliation of the Opening and Closing Balances of Asset Held for Sale

2019

2018

$'000

$'000

Building held for sale

Total as at 1 July 2018

336

-

Additions

-

336

Disposal -transferred to Administered

( 336)

-

Total as at 30 June 2019

-

336

Notes

1. Land, buildings and other property, plant and equipment that met the definition of a heritage and cultural item were disclosed in the heritage and cultural asset class.

2. The carrying amount of intangibles is all purchased software.

Property, plant and equipment, heritage and cultural, and intangible assets were tested for impairment at 30 June 2019. Assets found to be impaired were written down in accordance with the stated policy.

No property, plant and equipment, heritage and cultural, or intangible assets are expected to be sold or disposed of within the next 12 months.

Revaluations of non-financial assets

All revaluations were conducted in accordance with the revaluation policy stated at Note 7.4. On 30 June 2019, an independent valuer conducted the revaluation.

Contractual commitments for the acquisition of property, plant and equipment and intangible assets

2019

2018

$'000

$'000

Minor building upgrades

278

103

ICT equipment

477

6

Computer software

1,533

1,981

Total Commitments

2,288

2,090