KU Financial Report
8. Property, Plant and Equipment (continued)
2016
$ 2015
$
Land and buildings 193,072 189,784
Leasehold Improvements 979,085 970,294
Furniture and office equipment 368,575 154,513
Motor vehicles 18,003 29,085
Make Good Asset 88,850 228,412
Finance Lease Asset 75,888 179,149
1,723,473 1,751,237
Software
$ Total
$
1,360,986 1,360,986
29,556 29,556
336,012 336,012
1,726,554 1,726,554
95,984 95,984
178,993 178,993
(9,092) (9,092)
1,992,439 1,992,439
Balance at 1 January 2015 (725,357) (725,357)
Amortisation expense (164,420) (164,420)
Balance at 31 December 2015 (889,777) (889,777)
Amortisation expense (209,864) (209,864)
(1,099,641) (1,099,641)
As at 31 December 2015 836,777 836,777
As at 31 December 2016 892,798 892,798
2016
$ 2015
$
Salary and superannuation accruals 1,193,748 1,420,338
Prepaid centre fees and holding deposits 4,390,527 4,317,705
GST Payable 424,466 414,573
Other payables and accruals 335,890 1,455,564
Trade payables 2,234,570 2,576,546
WBS & Brokered program surpluses 4,212,695 5,055,808
12,791,896 15,240,534
Depreciation:
9. Intangible Assets
Gross Carrying Amount
Balance at 1 January 2015
Additions
Assets under construction (WIP)
Balance at 31 December 2015
Additions
Assets under construction (WIP)
Reclassification and prior year adjustment
Balance at 31 December 2016
Accumulated Depreciation
Balance at 31 December 2016
Net Book Value
10. Trade and Other Payables
121st Annual Report 2016