FINANCIALS 2019
KU
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8. Property, Plant and Equipment (continued)
2019 2018
$ $
Depreciation:
Land and buildings 229,772 198,736
Leasehold improvements 1,117,626 898,411
Furniture and office equipment 487,262 379,770
Motor vehicles 8,219 8,219
Make Good Asset 18,582 43,145
1,861,461 1,528,281
9. Intangible Assets
Software Total
$ $
Gross Carrying Amount
Balance at 1 January 2018 2,366,250 2,366,250
Additions 87,063 87,063
Assets under construction (WIP) 79,424 79,424
Balance at 31 December 2018 2,532,737 2,532,737
Additions 601,722 601,722
Balance at 31 December 2019 3,134,459 3,134,459
Accumulated Depreciation
Balance at 1 January 2018 (1,343,846) (1,343,846)
Amortisation expense (225,043) (225,043)
Balance at 31 December 2018 (1,568,889) (1,568,889)
Amortisation expense (199,940) (199,940)
Balance at 31 December 2019 (1,768,829) (1,768,829)
Net Book Value
As at 31 December 2018 963,848 963,848
As at 31 December 2019 1,365,630 1,365,630
10. Trade and Other Payables
2019 2018
$ $
Salary and superannuation accruals 1,985,039 1,748,500
Prepaid centre fees and holding deposits 3,779,759 3,544,748
GST payable 863,219 208,501
Other payables and accruals 2,275,303 539,513
Trade payables 1,828,436 1,227,474
WBS & Brokered program surpluses 5,895,928 3,281,870
16,627,684 10,550,606
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