2004 - 2005 Annual Report - Tourism Australia

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 30 June 2005
NOTE 6 FINANCIAL ASSETS (continued)
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 30 June 2005
NOTE 7 NON-FINANCIAL ASSETS
6c
OTHER FINANCIAL ASSETS
2005
$’000
7a
PLANT, EQUIPMENT AND INTANGIBLES
2005
$’000
Prepaid expenses 2,141
Total 2,141
Computer and office equipment – at fair value 2,070
Accumulated depreciation (1,535)
535
6d
INVENTORIES
Inventories 149
All inventories are current assets
Furniture and fittings – at fair value 986
Accumulated depreciation (555)
431
6e
OTHER INVESTMENTS
Shares in other company – unlisted (at cost) 400
Less: Provision for diminution in value (290)
Total Other Investments 110
Tourism Australia held an 11.9 per cent interest in Australian Tourism Data Warehouse Pty Limited
(ATDW), which is carried at cost less provision for diminution in value. The provision is based on the
estimated statement of financial position of ATDW as at 30/6/2005. ATDW’s principal activity is the
development of a database for Australian Tourism Products. The investment is a non-current investment.
Leasehold improvements – at fair value 1,427
Accumulated amortisation (787)
640
Software (includes websites) – at cost 9,394
Amortisation (5,513)
3,881
Trade marks – at cost 108
Amortisation (11)
97
Total plant, equipment and intangibles (non-current) 5,584
All revaluations are independent and are conducted in accordance with the revaluation policy
stated at Note 1. In 2004-05, the revaluations were conducted by an independent valuer, the
Australian Valuation Office.
Movement in Asset Revaluation Reserve
Increment for plant and equipment 53
100 101