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Note 7: Non-Financial Assets

Land and buildings
  2013 2012
  $'000 $'000
Note 7A. Land and Buildings    
Land at fair value 1,352 1,352
Total land 1,352 1,352
Leasehold improvements    
Work in progress 6 -
Fair value 37,195 34,768
Accumulated depreciation (14,879) (9,062)
Total buildings - leasehold improvements 22,322 25,706
Total land and buildings 23,674 27,058

No indicators of impairment were found for leasehold improvements.

No land or buildings are expected to be sold or disposed of within the next 12 months.

Property Plant and Equipment
   2013 2012
  $'000 $'000
Note 7B. Property Plant and Equipment    
Property Plant and Equipment - work in progress - 899
Fair value 28,829 28,696
Accumulated depreciation (16,946) (9,875)
Total property, plant and equipment 11,883 19,720

No indicators of impairment were found for property, plant and equipment.

No property, plant or equipment is expected to be sold or disposed of within the next 12 months.

Revaluation of non-financial assets

All revaluations were conducted in accordance with the revaluation policy stated in Note 1.16. In March 2011, an independent valuer conducted the revaluations. There was no revaluation for land (2012: nil) and no revaluation of leasehold improvements (2012: an increment of $1,179,000 was credited to the asset revaluation surplus by asset class and included in the equity section of the balance sheet). No amount was expensed (2012: nil).

Note 7C. Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment 2012

Revaluation
  Land Buildings - Leasehold improvements Total land and buildings Other property, plant & equipment Total
$'000 $'000 $'000 $'000 $'000 $'000
As at 1 July 2012 Gross book value 1,352 34,768 36,120 29,595 65,715
Accumulated depreciation and impairment - (9,062) (9,062) (9,875) (18,937)
Net book value 1 July 2012 1,352 25,706 27,058 19,720 46,778
Additions:          
By purchase - 2,499 2,499 240 2,739
Revaluations and impairments recognised in other comprehensive income - 42 42 - 42
Depreciation expense - (5,883) (5,883) (8,057) (13,940)
Other Movements - - - 2 2
Disposals: Other - (42) (42) (22) (64)
Net book value 30 June 2013 1,352 22,322 23,674 11,883 35,557
Net book value as of 30 June 2013 represented by: Gross book value 1,352 37,201 38,553 28,829 67,382
Accumulated depreciation and impairment - (14,879) (14,879) (16,946) (31,825)
Net book value 30 June 2013 1,352 22,322 23,674 11,883 35,557

Note 7C. Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment 2012

Reconciliation
  Land Buildings - Leasehold improvements Total land and buildings Other property, plant & equipment Total
$'000 $'000 $'000 $'000 $'000 $'000
As at 1 July 2011 Gross book value 1,352 27,562 28,914 23,188 52,102
Accumulated depreciation and impairment - (3,499) (3,499) (3,515) (7,014)
Net book value 1 July 2011 1,352 24,063 25,415 19,673 45,088
Additions: By purchase - 8,783 8,783 6,914 15,697
Revaluations and impairments recognised in other comprehensive income - (1,179) (1,179) - (1,179)
Depreciation expense Disposals: - (5,890) (5,890) (6,847) (12,737)
Other - (71) (71) (20) (91)
Net book value 30 June 2012 1,352 25,706 27,058 19,720 46,778
Net book value as of 30 June 2012 represented by: Gross book value 1,352 34,768 36,120 29,595 65,715
Accumulated depreciation and impairment - (9,062) (9,062) (9,875) (18,937)
Net book value 30 June 2012 1,352 25,706 27,058 19,720 46,778
Intangibles
  2013 2012
  $'000 $'000
Note 7D. Intangibles Computer software:    
Internally developed - in progress 32,310 27,760
Internally developed - in use 126,251 98,904
Purchased 13,787 16,306
Total computer software (gross) 172,348 142,970
Accumulated amortisation (75,474) (66,514)
Total computer software 96,874 76,456
Total intangibles 96,874 76,456

Intangible assets were assessed for impairment during 2012-13. This resulted in a write-down and impairment losses of $128,320 (2012: $621,650). Impairment losses are recognised through profit and loss in the “Write down and impairment of assets” line item (Note 3D).

No intangibles are expected to be sold or disposed of within the next 12 months.

Note 7E. Reconciliation of the Opening and Closing Balances of Intangibles 2013

Reconciliation of Intangibles
  Computer software internally developed Computer software purchased Total
  $'000 $'000 $'000
As at 1 July 2012
Gross book value
126,664 16,306 142,970
Accumulated amortisation and impairment (55,655) (10,859) (66,514)
Net book value 1 July 2012 71,009 5,447 76,456
Additions: By purchase or internally developed 33,628 748 34,376
Impairments recognised in the operating result (128) - (128)
Amortisation (12,387) (1,314) (13,701)
Other movements (129) - (129)
Net book value 30 June 2013 91,993 4,881 96,874
Net book value as of 30 June 2013 represented by: Gross book value 158,561 13,787 172,348
Accumulated amortisation and impairment (66,568) (8,906) (75,474)
Net book value 30 June 2013 91,993 4,881 96,874

Note 7E. Reconciliation of the Opening and Closing Balances of Intangibles 2012

Reconciliation of the Opening and Closing Balances of Intangibles 2012
  Computer software internally developed Computer software purchased Total
  $'000 $'000 $'000
As at 1 July 2011
Gross book value
95,190 13,750 108,940
Accumulated amortisation and impairment (46,239) (9,618) (55,857)
Net book value 1 July 2011 48,951 4,132 53,083
Additions:      
By purchase or internally developed 33,367 2,556 35,923
Impairments recognised in the operating result (621) - (621)
Amortisation (10,398) (1,241) (11,639)
Disposals: Other (290) - (290)
Net book value 30 June 2012 71,009 5,447 76,456
Net book value as of 30 June 2012 represented by: Gross book value 126,664 16,306 142,970
Accumulated amortisation and impairment (55,655) (10,859) (66,514)
Net book value 30 June 2012 71,009 5,447 76,456
Other Non-Financial Assets Prepayments
  2013 2012
  $'000 $'000
Note 7F. Other Non-Financial Assets Prepayments    
Information technology 4,999 11,184
Fire brigade and emergency services contributions 1,096 1,536
Rental agreements 1,640 1,298
Health care processing 590 579
Other prepayments 39 37
Total other non-financial assets 8,364 14,634
Total other non-financial assets - are expected to be recovered in:    
No more than 12 months 5,863 9,079
More than 12 months 2,501 5,555
Total other non-financial assets 8,364 14,634

No indicators of impairment were found for non-financial assets.

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