03 Financial Statements NOTE 6: NON-FINANCIAL ASSETS

Note 6: Non-Financial Assets

Note 6A: Property, Plant and Equipment
	2015 $’000	2014 $’000
Other property, plant and equipment
Gross book value	1,474	1,358
Accumulated depreciation	(1,160)	(935)
Total other property, plant and equipment	314	423
Total property, plant and equipment	314	423

No indicators of impairment were found for property, plant and equipment.
No property, plant or equipment is expected to be sold or disposed of within the next 12 months.
The book value of property, plant and equipment at 30 June 2015 approximates their fair value.

Note 6B: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment
	Other property, plant & equipment $’000	Total $’000
Reconciliation of the opening and closing balances of property, plant and equipment for 2015
As at 1 July 2014
Gross book value	1,358	1,358
Accumulated depreciation	(935)	(935)
Total as at 1 July 2014	423	423
Additions:
By purchase	269	269
Depreciation expense	(377)	(377)
Disposals:
Gross book value	(153)	(153)
Accumulated depreciation	152	152
Total as at 30 June 2015	314	314
Total as at 30 June 2015 represented by:
Gross book value	1,474	1,474
Accumulated depreciation	(1,160)	(1,160)
Total as at 30 June 2015	314	314

	Other property, plant & equipment $’000	Total $'000
Reconciliation of the opening and closing balances of property, plant and equipment for 2014
As at 1 July 2013
Gross book value	72	72
Accumulated depreciation	(4)	(4)
Total as at 1 July 2013	68	68
Additions:
By purchase	164	164
Gross book value of assets received from LCAL	1,122	1,122
Accumulated depreciation of assets received from LCAL	(602)	(602)
Depreciation expense	(329)	(329)
Total as at 30 June 2014	423	423
Total as at 30 June 2014 represented by:
Gross book value	1,358	1,358
Accumulated depreciation	(935)	(935)
Total as at 30 June 2014	423	423

Note 6C: Intangibles
	2015 $'000	2014 $'000
Computer software
Purchased – in use	560	172
Accumulated amortisation	(222)	(144)
Total computer software	338	28
Total intangibles	338	28

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 6D: Reconciliation of the Opening and Closing Balances of Intangibles
	Computer software $'000	Total $’000
Reconciliation of the opening and closing balances of intangibles for 2015
As at 1 July 2014
Gross book value	172	172
Accumulated amortisation	(144)	(144)
Total as at 1 July 2014	28	28
Additions:
Purchase or internally developed	388	388
Amortisation	(78)	(78)
Total as at 30 June 2015	338	338
Total as at 30 June 2015 represented by:
Gross book value	560	560
Accumulated amortisation	(222)	(222)
Total as at 30 June 2015	338	338
Reconciliation of the opening and closing balances of intangibles for 2014
As at 1 July 2013
Gross book value	14	14
Accumulated amortisation	(2)	(2)
Total as at 1 July 2013	12	12
Additions:
Purchase or internally developed	35	35
Gross book value of assets received from LCAL	123	123
Accumulated depreciation of assets received from LCAL	(85)	(85)
Amortisation	(57)	(57)
Total as at 30 June 2014	28	28
Total as at 30 June 2014 represented by:
Gross book value	172	172
Accumulated amortisation	(144)	(144)
Total as at 30 June 2014	28	28

Note 6E: Prepayments and other assets
	2015 $'000	2014 $'000
Prepayments	491	544
Deposits	24	46
Total prepayments	515	590
Total prepayments expected to be recovered:
No more than 12 months	125	104
More than 12 months	390	486
Total prepayments	515	590

Note 5: Financial Assets Note 7: Payables and Unearned Income