Historical cost per square metre floor area: 1,425 dollars to 3,105 dollars per square metre (2,258 dollars per square metre weighted average). Relationship of unobservable inputs to fair value: Higher historical cost per square metre increases fair value. Reconciliations of the opening and closing balances are provided in Notes 20 and 21. Basis of valuation In the absence of market-based evidence, due to the specialised nature of some non-financial assets, these assets are valued at Level 3 of the fair value hierarchy on an existing use basis. The existing use basis recognises that restrictions or limitations have been placed on their use and disposal when they are not determined to be surplus to requirements. These restrictions are imposed by virtue of the assets being held to deliver a specific community service. Note 22. Intangible assets Computer software carrying amount totaled 1,602,000 dollars for 2014. This included: At cost 7,089,000 dollars – Accumulated amortisation (5,487,000 dollars) – Reconciliation computer software – Carrying amount at start of period - 2,416,000 dollars Additions 53,000 dollars – Disposals nil – Amortisation expense (867,000 dollars) – Carrying amount at end of period 1,602,000 dollars – Computer software carrying amount totaled 2,416,000 dollars for 2013. This included: At cost 7,037,000 dollars – Accumulated amortisation (4,621,000 dollars) – Reconciliation computer software – Carrying amount at start of period 1,894,000 dollars –
Historical cost per square metre floor area: 1,425 dollars to 3,105 dollars per square metre (2,258 dollars per square metre weighted average). Relationship of unobservable inputs to fair value: Higher historical cost per square metre increases fair value. Reconciliations of the opening and closing balances are provided in Notes 20 and 21. Basis of valuation In the absence of market-based evidence, due to the specialised nature of some non-financial assets, these assets are valued at Level 3 of the fair value hierarchy on an existing use basis. The existing use basis recognises that restrictions or limitations have been placed on their use and disposal when they are not determined to be surplus to requirements. These restrictions are imposed by virtue of the assets being held to deliver a specific community service. Note 22. Intangible assets Computer software carrying amount totaled 1,602,000 dollars for 2014. This included: At cost – 7,089,000 dollars Accumulated amortisation – (5,487,000 dollars) Reconciliation – computer software Carrying amount at start of period - 2,416,000 dollars Additions – 53,000 dollars Disposals – nil Amortisation expense – (867,000 dollars) Carrying amount at end of period – 1,602,000 dollars Computer software carrying amount totaled 2,416,000 dollars for 2013. This included: At cost – 7,037,000 dollars Accumulated amortisation – (4,621,000 dollars) Reconciliation – computer software Carrying amount at start of period – 1,894,000 dollars