Online version of the 2013-14 Department of Health Annual Report

Note 22: Administered - Non-Financial Assets

Notes to and Forming Part of the Financial Statements

Page last updated: 31 October 2014

Note 22A: Land and buildings
 
2014
$'000
2013
$'000
Freehold land at fair value
1,895
1,760
Buildings on freehold land
Fair value
23,536
20,365
Accumulated depreciation
(1,665)
Total buildings on freehold land
23,536
18,700
Total land and buildings
25,431
20,460
Revaluations of non-financial assets

All revaluations are conducted in accordance with the revaluation policy stated in Note 20. Australian Valuation Solutions Pty Ltd conducted the valuation of land and buildings at 30 June 2014.

No indications of impairment were found for land and buildings.

No land and buildings are expected to be sold or disposed of within the next 12 months.

Note 22B: Reconciliation of the opening and closing balances of land and buildings for 2014
Reconciliation of the opening and closing balances of land and buildings for 2014
 
Land
$'000
Buildings
$'000
Total Land and Buildings
$'000
As at 1 July 2013
Gross book value
1,760
20,365
22,125
Accumulated depreciation and impairment
-
(1,665)
(1,665)
Total as at 1 July 2013
1,760
18,700
20,460
Revaluations and impairments recognised in other comprehensive income
135
4,131
4,266
Revaluations recognised in net cost of services
-
1,538
1,538
Depreciation
-
(833)
(833)
Total as at 30 June 2014
1,895
23,536
25,431
 
Total as at 30 June 2014 represented by
Gross book value
1,895
23,536
25,431
Total as at 30 June 2014
1,895
23,536
25,431
Reconciliation of the opening and closing balances of land and buildings for 2013
 
Land
$'000
Buildings
$'000
Total Land and Buildings
$'000
As at 1 July 2012
Gross book value
1,760
20,365
22,125
Accumulated depreciation and impairment
-
(833)
(833)
Total as at 1 July 2012
1,760
19,532
21,292
Depreciation
-
(832)
(832)
Total as at 30 June 2013
1,760
18,700
20,460
 
Total as at 30 June 2013 represented by
Gross book value
1,760
20,365
22,125
Accumulated depreciation and impairment
-
(1,665)
(1,665)
Total as at 30 June 2013
1,760
18,700
20,460
Note 22C: Intangibles
 
2014
$'000
2013
$'000
Computer software
Internally developed - in use
91,544
91,544
Accumulated amortisation
(36,618)
(18,309)
Total computer software
54,926
73,235
Total intangibles
54,926
73,235

No indicators of impairment were found for intangible assets.

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

Note 22D: Reconciliation of the opening and closing balances of intangibles
Reconciliation of the opening and closing balances of intangibles for 2014
 
Computer software
internally developed
$'000
Total
$'000
As at 1 July 2013
Gross book value
91,544
91,544
Accumulated amortisation and impairment
(18,309)
(18,309)
Total as at 1 July 2013
73,235
73,235
Amortisation
(18,309)
(18,309)
Total as at 30 June 2014
54,926
54,926
 
Total as at 30 June 2014 represented by
Gross book value
91,544
91,544
Accumulated amortisation and impairment
(36,618)
(36,618)
Total as at 30 June 2014
54,926
54,926
Reconciliation of the opening and closing balances of intangibles for 2013
 
Computer software
internally developed
$'000
Total
$'000
As at 1 July 2012
Gross book value
91,544
91,544
Total as at 1 July 2012
91,544
91,544
Amortisation
(18,309)
(18,309)
Total as at 30 June 2013
73,235
73,235
 
Total as at 30 June 2013 represented by
Gross book value
91,544
91,544
Accumulated amortisation and impairment
(18,309)
(18,309)
Total as at 30 June 2013
73,235
73,235
Note 22E: Inventories
 
2014
$'000
2013
$'000
Inventories held for distribution
207,866
195,763
Total inventories
207,866
195,763

During 2014, $8,083,380 of inventory held for distribution was recognised as an expense (2013: $37,104,152) of which $7,420,424 was obsolete stock (2013: $35,032,081).

$2,048,374 of inventory held in the National Medical Stockpile will pass its expiry date during the period July to September 2014.

No items of inventory were recognised at fair value less cost to sell.

Not all inventories are expected to be distributed in the next 12 months.