Note 7: Non-Financial Assets
Note 7A: Reconciliation of the opening and closing balances of property, plant and equipment and intangibles. | |||||||||
Reconciliation of the opening and closing balances of property, plant and equipment and intangible for 2020 1 | |||||||||
Housing | Containers | Furniture and fittings | Leasehold Improvements | Motor Vehicle and components | IT Equipment | Trademarks | IT Software | Total | |
|---|---|---|---|---|---|---|---|---|---|
$ | $ | $ | $ | $ | $ | $ | $ | $ | |
As at 1 July 2019 | |||||||||
Gross book value | 2,035,255 | 73,024 | 1,083,193 | 176,330 | 3,078,143 | 2,724,250 | 16,177 | 665,668 | 9,852,040 |
Accumulated depreciation and impairment | (1,138,883) | (73,024) | (413,987) | (154,029) | (2,706,602) | (2,125,883) | (16,177) | (647,451) | (7,276,036) |
Less: Reclassified as assets held for sale | - | - | {631,065} | - | {5,158} | {6,212} | - | - | {642,435} |
Net book value 1 July 2019 | 896,372 | - | 38,141 | 22,301 | 366,383 | 592,155 | - | 18,217 | 1,933,569 |
Additions | - | - | 5,129 | - | 52,686 | 251,657 | - | 63,289 | 372,761 |
Depreciation | (48,150) | - | (13,549) | (3,946) | (253,559) | (243,150) | - | (26,613) | (588,967) |
Disposals | - | - | - | - | {9,377} | {107} | - | - | {9,484} |
Net book value 30 June 2020 | 848,222 | - | 29,721 | 18,355 | 156,133 | 600,555 | - | 54,893 | 1,707,879 |
Net book value at 30 June 2020 represented by: | |||||||||
Gross book value | 1,530,523 | 73,024 | 209,716 | 176,330 | 2,261,451 | 2,859,613 | 16,177 | 654,419 | 7,781,253 |
Accumulated depreciation, amorisation and impairment | (682,301) | (73,024) | (179,995) | (157,975) | (2,105,318) | (2,259,058) | (16,177) | (599,526) | (6,073,374) |
Total as at 30 June 2020 | 848,222 | - | 29,721 | 18,355 | 156,133 | 600,555 | - | 54,893 | 1,707,879 |
1 The above table discloses property, plant and equipment not subject to operating leases. Land is included in housing amounting to $45,000 (2019: $45,000). Depreciation charge for the year relates to continuing operations only. | |||||||||
Note 7B: Reconciliation of the opening and closing balances of property, plant and equipment that are subject to operating leases. | ||
Reconciliation of the opening and closing balance of property, plant and equipment that are subject to operating leases for 2020 | ||
Buildings | Total | |
|---|---|---|
$ | $ | |
As at 1 July 2019 | - | - |
Gross book value | - | - |
Accumulated depreciation and impairment | - | - |
Less: Reclassified as assets held for sale | - | - |
Net book value 1 July 2019 | - | - |
Recognition of right of use asset on initial application of AASB 16 | 1,291,461 | 1,291,461 |
Adjusted total as at 1 July 2019 | 1,291,461 | 1,291,461 |
Depreciation on right-of-use assets | (172,195) | (172,195) |
Net book value 30 June 2020 | 1,119,266 | 1,119,266 |
Net book value at 30 June 2020 represented by: | ||
Gross book value | 1,291,461 | 1,291,461 |
Accumulated depreciation and impairment | (172,195) | (172,195) |
Total as at 30 June 2020 | 1,119,266 | 1,119,266 |
Carrying amount of right-of-use assets | 1,119,266 | 1,119,266 |
Note 7C: Reconciliation of the opening and closing balances of property, plant and equipment and intangibles for 2019 1 | |||||||||
Housing | Containers | Furniture and fittings | Leasehold Improvements | Motor Vehicle and components | IT Equipment | Trademarks | IT Software | Total | |
|---|---|---|---|---|---|---|---|---|---|
$ | $ | $ | $ | $ | $ | $ | $ | $ | |
As at 1 July 2018 | |||||||||
Gross book value | 2,186,138 | 73,024 | 1,075,591 | 176,330 | 2,950,299 | 2,281,593 | 16,177 | 665,668 | 9,424,820 |
Accumulated depreciation and impairment | (1,064,047) | (72,625) | (343,281) | (150,092) | (2,392,814) | (1,965,103) | (16,177) | (589,761) | (6,593,900) |
Net book value 1 July 2018 | 1,122,091 | 399 | 732,310 | 26,238 | 557,485 | 316,490 | - | 75,907 | 2,830,920 |
Additions | - | - | 7,602 | - | 127,844 | 460,534 | - | - | 595,980 |
Depreciation | (74,836 | (399) | (70,706) | (3,937) | (313,788) | (160,780) | - | (57,690) | (682,136) |
Transfer to assets held for sale | - | - | (631,065) | - | (5,158) | (6,212) | - | - | (642,435) |
Disposals | (150,883) | - | - | - | - | {17,877} | - | - | {168,760} |
Net book value 30 June 2019 | 896,372 | - | 38,141 | 22,301 | 366,383 | 592,155 | - | 18,217 | 1,933,569 |
Net book value at 30 June 2019 represented by: | |||||||||
Gross book value | 2,035,255 | 73,024 | 1,083,193 | 176,330 | 3,078,143 | 2,724,250 | 16,177 | 665,668 | 9,852,040 |
Accumulated depreciation, amorisation and impairment | (1,138,833) | (413,987) | (154,029) | (2,706,602) | (2,125,883) | (16,177) | (647,451) | (7,276,036) | |
Less: Reclassified as assets held for sale | - | (73,024) | (631,065) | - | (5,158) | (6,212) | - | - | (642,435) |
Total as at 30 June 2019 | 896,372 | - | 38,141 | 22,301 | 366,383 | 592,155 | - | 18,217 | 1,933,569 |
1 The Group has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117. | |||||||||
Visit
https://www.transparency.gov.au/annual-reports/outback-stores-pty-ltd/reporting-year/2019-20-31