Notes - 3.2 Non-Financial Assets
3.2 Non-Financial Assets
Note 3.2A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles for 2020 | |||||
Buildings | Plant and equipment | Heritage and cultural1 | Intangibles2 | Total | |
$’000 | $’000 | $’000 | $’000 | $’000 | |
As at 1 July 2019 | |||||
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 1 July 2019 | 10,223 | 2,023 | 235 | 2,073 | 14,554 |
Recognition of right of use asset on initial application of AASB 16 | 662 | - | - | - | 662 |
Adjusted total as at 1 July 2019 | 10,885 | 2,023 | 235 | 2,073 | 15,216 |
Additions by purchase | 560 | 561 | (1) | 1,799 | 2,919 |
Revaluations recognised in other comprehensive income | (115) | 59 | (29) | - | (85) |
Impairments recognised in net cost of services | - | (16) | - | - | (16) |
Depreciation and amortisation | (483) | (197) | (3) | (344) | (1,027) |
Depreciation on right-of-use assets | (331) | - | - | - | (331) |
Other movements Reclassifications - Gross Value | (4) | (7) | - | (116) | (127) |
Reclassifications - Accumulated Depreciation | 4 | 7 | - | 116 | 127 |
Total as at 30 June 2020 | 10,516 | 2,430 | 202 | 3,528 | 16,676 |
Total as at 30 June 2020 represented by | |||||
Gross book value | 10,847 | 2,430 | 202 | 4,987 | 18,466 |
Accumulated depreciation and amortisation | (331) | - | - | (1,459) | (1,790) |
Total as at 30 June 2020 | 10,516 | 2,430 | 202 | 3,528 | 16,676 |
Carrying amount of right-of-use assets | 331 | - | - | - | 331 |
- 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.
- 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 2020. 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 where conducted in accordance with the revaluation policy stated at Note 7.4. On 30 June 2020 an independent valuer conducted the revaluations.
2020 | 2019 | ||
$'000 | $'000 | ||
Contractual commitments for the acquisition of property, plant and equipment and intangible assets | |||
Minor buildings upgrades | 34 | 278 | |
ICT equipment | - | 477 | |
Computer software | 71 | 1,533 | |
Total Commitments | 105 | 2,288 | |
Visit
https://www.transparency.gov.au/annual-reports/national-capital-authority/reporting-year/2019-20-64