Table of significant unobservable inputs to Level 3 valuations —Description 2014 Valuation Significant Range Sensitivity of fair value technique unobservable measurement to changes in inputs significant unobservable inputs Market Community 20–50 per A significant increase or decrease Specialised land approach service cent in the community service obligation obligation adjustment would result in a significantly lower (higher) fair value. Specialised Depreciated Direct cost per A significant increase or decrease Replacement square metre in direct cost per square metre buildings Cost adjustment would result in a significantly higher or lower fair value. Useful life of 40–60 years A significant increase or decrease specialised in the estimated useful life of the buildings asset would result in a significantly higher or lower valuation. Enrolment data Not A significant increase or decrease applicable in the forecast student enrolment data would result in a significantly higher or lower valuation when determining economic obsolescence. Depreciated A significant increase or decrease Plant and Cost per unit Replacement in cost per unit would result in a equipment Cost per unit significantly higher or lower fair value. Useful life of A significant increase or decrease 3–10 years Plant and in the estimated useful life of the Equipment asset would result in a significantly higher or lower valuation.
Table —Description of significant unobservable inputs to Level 3 valuations 2014 Valuation technique Significant unobservable inputs Range Sensitivity of fair value measurement to changes in significant unobservable inputs Specialised land Market approach Community service obligation 20–50 per cent A significant increase or decrease in the community service obligation adjustment would result in a significantly lower (higher) fair value. Specialised buildings Depreciated Replacement Cost Direct cost per square metre A significant increase or decrease in direct cost per square metre adjustment would result in a significantly higher or lower fair value. Useful life of specialised buildings 40–60 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Enrolment data Not applicable A significant increase or decrease in the forecast student enrolment data would result in a significantly higher or lower valuation when determining economic obsolescence. Plant and equipment Depreciated Replacement Cost Cost per unit per unit A significant increase or decrease in cost per unit would result in a significantly higher or lower fair value. Useful life of Plant and Equipment 3–10 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation.
201314deecdannualreport.docx