Building for a brighter future - GHA Central

Financial: Financial Results
Notes to and forming part of the Financial Statements for the year ended 30 June 2006
Note 9: Property, Plant & Equipment (continued)
A reconciliation of the carrying amounts of each class of asset at the beginning and end of the previous and current
financial year is set out below.
Land Buildings Plant & Medical Computers & Furniture Motor Other Total
Equipment Equipment Communications & Fittings Vehicles
($’000) ($’000) ($’000) ($’000) ($’000) ($’000) ($’000) ($’000) ($’000)
Balance at 1 July 2004 815 18,237 2,703 2,795 165 65 1,004 3,077 28,861
Additions 3,594 846 321 134 54 729 909 6,587
Net Transfers (11) (25) 51 16
Revaluation increments 913 488 1,401
Disposals (note 2d) (48) (2) (18) (424) (492)
Depreciation/Amortisation
Expense (note 3) (440) (389) (268) (123) (8) (321) (1,058) (2,607)
Balance at 1 July 2005 1,728 21,869 3,087 2,846 158 162 987 2,928 33,765
Additions 74 3,036 1,152 297 43 154 471 1,116 6,344
Net Transfers (95) 64 8(23)
Revaluation increments
Disposals (note 2d) (21) (21) (9) (193) (243)
Depreciation/Amortisation
Expense (note 3) (539) (416) (280) (87) (11) (319) (1,118) (2,769)
Balance at 30 June 2006 1,802 24,366 3,707 2,906 105 314 946 2,927 37,074
Land and buildings carried at valuation
An independent valuation of the Health Service's land and buildings was performed by Value It Pty Ltd (on behalf of the
Valuer-General) to determine the fair value of the land and buildings. The valuation, which conforms to Australian Valuation
Standards, was determined using depreciated replacement cost as the basis for valuation. The valuation was based on independent
assessments. The effective date of the valuation is 1 July 2004.
Note 10: Payables
Total
2006
Total
2005
($’000) ($’000)
Current
Trade Creditors 1,382 1,562
Accrued Expenses 370 922
GST Payable 315 305
Provision for Recall- DHS 169
TOTAL 2,066 2,958
Note 11: Provisions
Employee Benefits
CURRENT (refer note 1(p))
Long Service Leave
Total
Total
2006 2005
($’000) ($’000)
- short-term benefits at nominal value 476 466
- long-term benefits at present value 3,323 3,047
Accrued Wages & Salaries 443 331
Annual Leave 3,096 2,829
Accrued Days Off 46 49
TOTAL 7,383 6,721
NON CURRENT (refer note 1(p))
Long Service Leave 1,343 1,217
TOTAL 8,726 7,938
Movement in Long Service Leave:
Balance at start of year 4,7304,5 0
Provision made during the year 878 935
Settlement made during the year (466) (705)
Balance at end of year 5,142 4,730
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