KU Financial Report KU Financial Report 2020 | Page 26

KU2020
8 . Property , Plant and Equipment ( continued )
2020
2019
$
$
Depreciation : Land and buildings
299,331
229,772
Leasehold improvements
1,348,474
1,117,626
Furniture and office equipment
570,038
487,262
Motor vehicles
1,193
8,219
Make Good Asset
98,042
18,582
2,317,078
1,861,461
9 . Intangible Assets
2020
2019
$
$
Software Gross Carrying Amount Balance at 1 January
3,134,459
2,532,737
Additions
-
601,722
Transfer to Property Plant And Equipment
( 23,365 )
-
Assets under construction ( WIP )
576,010
-
Balance at 31 December
3,687,104
3,134,459
Accumulated Depreciation Balance at 1 January
( 1,768,829 )
( 1,568,889 )
Transfer to Property Plant And Equipment
18,173
-
Amortisation expense
( 183,460 )
( 199,940 )
Balance at 31 December
( 1,934,116 )
( 1,768,829 )
Net Book Value at 31 December
1,752,988
1,365,630
10 . Trade and Other Payables
2020
2019
$
$
Salary and superannuation accruals
2,766,965
1,985,039
Prepaid centre fees and holding deposits
3,856,942
3,779,759
GST payable
415,630
863,219
Other payables and accruals
2,661,549
2,275,303
Trade payables
2,472,578
1,828,436
WBS & Brokered program surpluses
4,444,286
5,895,928
16,617,950
16,627,684
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