At fair value At fair At fair At fair At fair At fair (Level 3) value value value value value (Level 3) (Level 3) (Level 3) (Level 3) (Level 2) Information Furniture, Leasehold Motor Office Cultural technology fixtures vehicles machines assets and equipment fittings Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 2016 Carrying amount at start of year 327 189 5,118 405 71 107 6,217 Additions 1,758 6 2,230 248 - - 4,242 Revaluations - - - - - 33 33 Disposals (78) (1) (57) (119) (3) - (258) Depreciation/ amortisation expense (307) (60) (2,163) (113) (21) - Carrying amount at end of year 1,700 134 5,128 421 47 140 7,570 2015 Carrying amount at start of year 271 254 5,391 378 107 107 6,508 Additions 224 - 1,467 193 2 - 1,886 Revaluations - - - - - - - Disposals - - - (65) - - (65) Depreciation/ amortisation expense (168) (65) (1,740) (101) (38) - Carrying amount at end of year 327 189 5,118 405 71 107 6,217 Property, plant and equipment is classified as Safety and by 'purpose' for ‘Public Environment’ which the assets are used, according to one of five 'purpose groups' based upon Government Purpose Classifications (GPC). Note 9. Property, plant and equipment (continued) Description of significant unobservable inputs to level 3 valuations Asset Valuation Technique Significant unobservable inputs Cost Per Unit Information Depreciated replacement cost technology Useful Life Depreciated replacement cost Cost Per Unit
At fair value (Level 3) At fair value (Level 3) At fair value (Level 3) At fair value (Level 3) At fair value (Level 3) At fair value (Level 2) Information technology Furniture, fixtures and fittings Leasehold Motor vehicles Office machines equipment Cultural assets Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 2016 Carrying amount at start of year 327 189 5,118 405 71 107 6,217 Additions 1,758 6 2,230 248 - - 4,242 Revaluations - - - - - 33 33 Disposals (78) (1) (57) (119) (3) - (258) Depreciation/ amortisation expense (307) (60) (2,163) (113) (21) - Carrying amount at end of year 1,700 134 5,128 421 47 140 7,570 2015 Carrying amount at start of year 271 254 5,391 378 107 107 6,508 Additions 224 - 1,467 193 2 - 1,886 Revaluations - - - - - - - Disposals - - - (65) - - (65) Depreciation/ amortisation expense (168) (65) (1,740) (101) (38) - Carrying amount at end of year 327 189 5,118 405 71 107 6,217 Property, plant and equipment is classified as ‘Public Safety and Environment’ by 'purpose' for which the assets are used, according to one of five 'purpose groups' based upon Government Purpose Classifications (GPC). Note 9. Property, plant and equipment (continued) Description of significant unobservable inputs to level 3 valuations Asset Valuation Technique Significant unobservable inputs Information technology Depreciated replacement cost Cost Per Unit Useful Life Depreciated replacement cost Cost Per Unit
vla-annual-report-2015-16-accessible-version.docx