Description and fair Fair Value Fair Value as at 30 June 2017 2016 Valuation $000 $000 $000 technique(s) Unobservable inputs Land 5,440 5,782 Market Selection of land with approach similar approximate utility Buildings 8,496 8,755 Depreciated Consumed economic Replacement benefit/ obsolescence of Cost asset Historical cost per square metre floor area (m2) Reconciliations of the opening and closing balances are provided in 20 and 21. Note 24. Intangible assets 2017 2016 $000 $000 Computer software At cost 13,511 13,166 Accumulated amortisation (9,374) (7,864) 4,137 5,302 Work in Progress - - 4,137 5,302 Reconciliation Computer software Carrying amount at start of period 5,302 6,973 Additions 345 - Disposals - - Work in Progress - - Transfers* - (16) Amortisation expense (1,510) (1,655) Carrying amount at end of period 4,137 5,302 * expensed during the year Note 25. Impairment of assets There were no indications of impairment to property, plant and equipment and intangible assets at 30 June 2017. The Commission held no goodwill or intangible assets with an indefinite useful life during the reporting period. At the end of the reporting period there were no intangible assets not yet available for use.
Description and fair as at 30 June $000 Fair Value 2017 $000 Fair Value 2016 $000 Valuation technique(s) Unobservable inputs Land 5,440 5,782 Market approach Selection of land with similar approximate utility Buildings 8,496 8,755 Depreciated Replacement Cost Consumed economic benefit/ obsolescence of asset Historical cost per square metre floor area (m2) Reconciliations of the opening and closing balances are provided in 20 and 21. Note 24. Intangible assets 2017 $000 2016 $000 Computer software At cost 13,511 13,166 Accumulated amortisation (9,374) (7,864) 4,137 5,302 Work in Progress - - 4,137 5,302 Reconciliation Computer software Carrying amount at start of period 5,302 6,973 Additions 345 - Disposals - - Work in Progress - - Transfers* - (16) Amortisation expense (1,510) (1,655) Carrying amount at end of period 4,137 5,302 * expensed during the year Note 25. Impairment of assets There were no indications of impairment to property, plant and equipment and intangible assets at 30 June 2017. The Commission held no goodwill or intangible assets with an indefinite useful life during the reporting period. At the end of the reporting period there were no intangible assets not yet available for use.
Disabiility%20Services%20Commission%20Annual%20Report%202016-2017%20FINAL.docx