KU Financial Report KU Financial Report 2021 | Page 25

FINANCIAL REPORT

8 . Property , Plant and Equipment ( continued )

2021		2020
$		$
Depreciation : Land and buildings	311,113	299,331
Leasehold improvements	1,332,063	1,348,474
Furniture and office equipment	606,788	570,038
Motor vehicles	-	1,193
Make Good Asset	59,427	98,042
	2,309,391	2,317,078

9 . Intangible Assets

	2021	2020
Software	$	$
Gross Carrying Amount Balance at 1 January	-	23,365
Disposals	-	-
Transfer to Property Plant and Equipment	-	( 23,365 )
Assets under construction ( WIP )	-	-
Balance at 31 December	-	-

Accumulated Depreciation Balance at 1 January	-	( 18,173 )
Transfer to Property Plant and Equipment	-	18,173
Disposals	-	-
Amortisation expense	-	-
Balance at 31 December	-	-
Net Book Value at 31 December	-	-

10 . Trade and Other Payables

	2021	2020
	$	$
Salary and superannuation accruals	2,768,915	2,766,965
Prepaid centre fees and holding deposits	3,157,211	3,856,942
GST payable	329,773	415,630
Other payables and accruals	2,111,744	2,661,549
Trade payables	3,031,856	2,472,578
WBS & Brokered program surpluses	3,254,716	4,444,286
	14,654,215	16,617,950

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