TABLE 6.5: RECONCILIATION OF LEVEL 3 FAIR VALUE 2015 2014 Office furniture Computer Office furniture Computer & equipment equipment & equipment equipment $ $ $ $ Opening balance 116,241 348,414 84,579 367,121 Purchases (sales) - 35,895 69,583 175,022 Gains or losses recognised in net result - - (359) - Depreciation (35,956) (192,896) (37,562) (193,729) 80,285 191,413 116,241 348,414 Subtotal Closing balance 80,285 191,413 116,241 348,414 TABLE 6.6: DESCRIPTION OF SIGNIFICANT UNOBSERVABLE INPUTS TO LEVEL 3 VALUATIONS 2015 Valuation technique Significant unobservable inputs Office furniture & equipment Depreciated replacement cost Cost per unit Computer equipment Depreciated replacement cost Cost per unit 2014 Valuation technique Significant unobservable inputs Office furniture & equipment Depreciated replacement cost Cost per unit Computer equipment Depreciated replacement cost Cost per unit Note 7. Other non-financial assets 2015 2014 $ $ Current other assets Prepayments 197,276 194,831 Total current other assets 197,276 194,831 Total other non-financial assets 197,276 194,831
TABLE 6.5: RECONCILIATION OF LEVEL 3 FAIR VALUE 2015 2014 Office furniture & equipment $ Computer equipment $ Office furniture & equipment $ Computer equipment $ Opening balance 116,241 348,414 84,579 367,121 Purchases (sales) - 35,895 69,583 175,022 Gains or losses recognised in net result - - (359) - Depreciation (35,956) (192,896) (37,562) (193,729) Subtotal 80,285 191,413 116,241 348,414 Closing balance 80,285 191,413 116,241 348,414 TABLE 6.6: DESCRIPTION OF SIGNIFICANT UNOBSERVABLE INPUTS TO LEVEL 3 VALUATIONS 2015 Valuation technique Significant unobservable inputs Office furniture & equipment Depreciated replacement cost Cost per unit Computer equipment Depreciated replacement cost Cost per unit 2014 Valuation technique Significant unobservable inputs Office furniture & equipment Depreciated replacement cost Cost per unit Computer equipment Depreciated replacement cost Cost per unit Note 7. Other non-financial assets 2015 $ 2014 $ Current other assets Prepayments 197,276 194,831 Total current other assets 197,276 194,831 Total other non-financial assets 197,276 194,831
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