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.