Australian Public Service Commission
Notes to and forming part of the financial statements

for the year ended 30 June 2005

Note 8: Non-financial assets

	2005 $’000	2004 $’000
8a Land and buildings
Leasehold improvements - at 2003-2004 valuation (fair value)	652	660
Accumulated amortisation	(253)	-
	399	660
Leasehold improvements – at cost	470	-
Accumulated amortisation	(41)	-
	429	-
Total Land and buildings (non-current)	828	660
8b Infrastructure, plant and equipment
Infrastructure, plant and equipment - at 2003-2004 valuation (fair value)	671	803
Accumulated depreciation	(255)	-
	416	803
Infrastructure, plant and equipment - at cost	815	-
Accumulated depreciation	(187)	-
	628	-
Total infrastructure, plant and equipment (non-current)	1,044	803
All revaluations are independent and are conducted in accordance with the revaluation policy stated at Note 1. The valuations were performed by the Australian Valuation Office.
8c Intangibles
Intellectual property (non-current)	1,543	1,229
Accumulated amortisation	(1,014)	(890)
	529	339
Intellectual property – in progress (non-current)	13	113
Software - internally developed (non-current)	1,778	1,698
Accumulated amortisation	(1,433)	(1,290)
	345	408
Software – purchased (non-current)	256	252
Accumulated amortisation	(236)	(246)
	20	6
Total intangibles	907	866

8d Analysis of property, plant, equipment and intangibles

Table A – Reconciliation of the opening and closing balances of property, plant and equipment and intangibles

Item	Buildings leasehold improvements $’000	Other IP&E $’000	Computer software $’000	Other intangibles $’000	Total intangibles $’000	Total $’000
As at 1 July 2004
Gross book value	660	803	1,950	1,342	3,292	4,755
Accumulated depreciation / amortisation	-	-	(1,536)	(890)	(2,426)	(2,426)
Net book value	660	803	414	452	866	2,329
Additions
By purchase	470	91	105	214	319	880
By finance lease	-	731	-	-	-	731
Net revaluation increment / (decrement)	-	-	-	-	-	-
Depreciation / amortisation expense	(302)	(548)	(154)	(124)	(278)	(1,128)
Disposals
By finance lease	-	(12)	-	-	-	(12)
Other disposals	-	(21)	-	-	-	(21)
As at 30 June 2005
Gross book value	1,122	1,486	2,034	1,556	3,590	6,198
Accumulated depreciation / amortisation	(294)	(442)	(1,669)	(1,014)	(2,683)	(3,419)
Net book value	828	1,044	365	542	907	2,779

TABLE B – Assets at valuation

Item	Buildings leasehold improvements $’000	Other IP&E $’000	Computer software $’000	Other intangibles $’000	Total intangibles $’000	Total $’000
As at 30 June 2005
Gross value	652	671	-	-	-	1,323
Accumulated depreciation / amortisation	(253)	(255)	-	-	-	(508)
Net book value	399	416	-	-	-	815
As at 30 June 2004
Gross value	660	803	-	-	-	1,463
Accumulated depreciation / amortisation	-	-	-	-	-	-
Net book value	660	803	-	-	-	1,463

TABLE C – Assets held under finance lease

Item	Buildings leasehold improvements $’000	Other IP&E $’000	Computer software $’000	Other intangibles $’000	Total intangibles $’000	Total $’000
As at 30 June 2005
Gross value	-	859	-	-	-	859
Accumulated depreciation / amortisation	-	(262)	-	-	-	(262)
Net book value	-	597	-	-	-	597
As at 30 June 2004
Gross value	-	226	-	-	-	226
Accumulated depreciation / amortisation	-	-	-	-	-	-
Net book value	-	226	-	-	-	226

TABLE D – Assets under construction

Item	Other intangibles $’000	Total $’000
Gross value at 30 June 2005	13	13
Gross value at 30 June 2004	113	113

2005
$’000 2004
$’000

8e Inventories

Inventories not held for sale (cost) 59 106

Total inventories 59 106

All inventories are current assets.

8f Prepayments paid

Prepayments paid 345 411

All prepayments paid are current assets.

	2005 $’000	2004 $’000
8e Inventories
Inventories not held for sale (cost)	59	106
Total inventories	59	106
All inventories are current assets.
8f Prepayments paid
Prepayments paid	345	411
All prepayments paid are current assets.

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Australian Public Service Commission Notes to and forming part of the financial statements