KU Annual Report 2016 | Page 38

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