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Note 8: Non-Financial Assets

Note 8a: Land and buildings
  2015
$'000
2014
$'000

Leasehold improvements were assessed for impairment as at 30 June 2015, no impairment loss was identified (2014: nil).

No leasehold improvements (2014: nil) are expected to be disposed of within the next 12 months.

Leasehold improvements
Fair value 2,145 2,056
Accumulated depreciation (381) -
Total leasehold improvements 1,764 2,056
Total land and buildings 1,764 2,056
Note 8b: Property, plant and equipment
  2015
$'000
2014
$'000

No indicators of impairment were found for property, plant and equipment (2014: nil).

No material items of property, plant or equipment (2014: nil) are expected to be sold or disposed of within the next 12 months.

Revaluation of non-financial assets

No revaluation was performed during the 2014-15 financial year. In the 2013-14 financial year Preston Rowe Paterson conducted a revaluation of leasehold improvements and other property, plant and equipment. The revaluation was conducted in accordance with the revaluation policy stated at Note 6.

Revaluation decrement for leasehold improvements was nil (2014: $198,000).

Revaluation increment for property, plant and equipment was nil (2014: $78,000).

All increments and decrements were transferred to the asset revaluation surplus by asset class and included in the equity section of the statement of financial position. No decrements were expensed (2014: nil).

Other property, plant and equipment
Fair value 1,411 1,279
Accumulated depreciation (372) -
Total other property, plant and equipment 1,039 1,279
Total property, plant and equipment 1,039 1,279
Note 8c: Reconciliation of the opening and closing balances of property, plant and equipment
2015 Buildings leasehold improvements $'000 Other property, plant & equipment $'000 Total $'000
As at 1 July 2014
Gross book value 2,056 1,279 3,335
Accumulated depreciation and impairment - - -
Total as at 1 July 2014 2,056 1,279 3,335
Additions – by purchase 89 173 262
Depreciation (381) (396) (777)
Disposals - (17) (17)
Total as at 30 June 2015 1,764 1,039 2,803
Total as at 30 June 2015 represented by
Gross book value 2,145 1,411 3,556
Accumulated depreciation and impairment (381) (372) (753)
Total as at 30 June 2015 1,764 1,039 2,803
2014 Buildings leasehold improvements $'000 Other property, plant & equipment $'000 Total $'000
As at 1 July 2013
Gross book value 3,404 2,896 6,300
Accumulated depreciation and impairment (748) (1,545) (2,293)
Total as at 1 July 2013 2,656 1,351 4,007
Additions – by purchase - 254 254
Revaluations and impairments recognised in other comprehensive income (198) 78 (120)
Depreciation (402) (380) (782)
Disposals - (24) (24)
Total as at 30 June 2014 2,056 1,279 3,335
Total as at 30 June 2014 represented by      
Gross book value 2,056 1,279 3,335
Accumulated depreciation and impairment - - -
Total as at 30 June 2014 2,056 1,279 3,335
Note 8d: Intangibles
  2015 $'000 2014 $'000

No indicators of impairment were found for intangible assets.

No intangibles are expected to be sold or disposed of within the next 12 months.

Computer software
Internally developed - in use 1,941 1,887
Purchased 1,043 866
Accumulated amortisation (2,012) (1,729)
Total computer software 972 1,024
Intellectual property
Internally developed - in use 814 814
Accumulated amortisation (810) (799)
Total intellectual property 4 15
Total intangibles 976 1,039
Note 8e: Reconciliation of the opening and closing balances of intangibles
2015 Computer software purchased $'000 Computer software internally developed $'000 Intellectual property $'000 Total $'000
As at 1 July 2014
Gross book value 866 1,887 814 3,567
Accumulated depreciation and impairment (373) (1,356) (799) (2,528)
Total as at 1 July 2014 493 531 15 1,039
Additions - by purchase or internally developed 194 54 - 248
Amortisation (168) (132) (11) (311)
Total as at 30 June 2015 519 453 4 976
Total as at 30 June 2015 represented by
Gross book value 1,043 1,941 814 3,798
Accumulated depreciation and impairment (524) (1,488) (810) (2,822)
Total as at 30 June 2015 519 453 4 976
Note 8e: Reconciliation of the opening and closing balances of intangibles (continued)
2014 Computer software purchased $'000 Computer software internally developed $'000 Intellectual property $'000 Total intangibles $'000
As at 1 July 2013
Gross book value 367 1,944 814 3,125
Accumulated depreciation and impairment (215) (1,226) (786) (2,227)
Total as at 1 July 2013 152 718 28 898
Additions - by purchase or internally developed 499 (57) - 442
Amortisation (158) (130) (13) (301)
Total as at 30 June 2014 493 531 15 1,039
Total as at 30 June 2014 represented by        
Gross book value 866 1,887 814 3,567
Accumulated depreciation and impairment (373) (1,356) (799) (2,528)
Total as at 30 June 2014 493 531 15 1,039
Note 8f: Prepayments paid
  2015 $'000 2014 $'000
Prepayments paid expected to be recovered
No indicators of impairment were found for prepayments paid.
No more than 12 months 454 508
More than 12 months 9 14
Total prepayments paid 463 522