4. Critical accounting judgements and key sources of estimation uncertainty (continued)
4.2 Leasehold improvements
As described at 3(a) above, the Company reviews the estimated useful lives of property, plant and equipment at the end of each
reporting period.
4.3 Impairment
In assessing impairment, the Company estimates the recoverable amount of each asset based on the depreciable replacement cost
in accordance with AASB 136 “Impairment of assets”.
4.4 Make good provision
Provisions for make good are included, where applicable, using the present value of anticipated costs for future restoration of leased
premises. The provision includes future cost estimates associated with closure of the premises.
5. Surplus for the year
2016
$ 2015
$
78,218,348 73,310,967
44,976,663 37,210,349
1,329,793 1,414,177
Gross fundraising income 456,947 619,811
Interest income 894,997 757,171
Consultancy fees 33,918 118,211
445,615 173,601
2,412,987 2,305,861
Loss on disposal of PPE (24,289) (18,901)
Other sundry revenue 377,144 312,982
5,927,112 5,682,913
274,410 548,139
(1,933,337) (1,915,657)
(2,561,976) (2,345,840)
Net bad and doubtful debts (90,857) (33,255)
Finance costs (30,770) (25,265)
(i) Revenue from fees
Parent’s fees
(ii) Revenue from non-capital government funding
Government funding
(iii) Other revenue
Other revenue from ordinary operations consisted of the following items:
Management fees
Sales of publications and courses
Sponsor support
(iv) Other income
Government capital grant funding
(v) Surplus
Surplus has been arrived at after (charging)/ crediting the following items:
Depreciation and amortisation of property, plant and equipment and intangibles
Operating lease rental expenses:
Minimum lease payments
33