2002 - 2003 Annual Report - Tourism Australia

Notes to and forming part of the Financial Statements
For the year ended 30 June 2003 Australian Tourist Commission
2003 2002
$’000 $’000
7a Plant, equipment and intangibles continued
Trade marks – at cost 272 272
Amortisation (155) (127)
117 145
Total plant, equipment and intangibles (non-current) 4,155 5,776
All revaluations are independent and are conducted in accordance with the revaluation policy stated at Note 1. In 2002-03,
the revaluations were conducted by an independent valuer, the Australian Valuation Office.
7b Analysis of plant, equipment & intangibles
TABLE A – Reconciliation of the opening and closing balances of property, plant and equipment and intangibles
Item Total Plant & Equipment Software Trade Marks Total
$’000 $’000 $’000 $’000
As at 1 July 2002
Gross book value 7,486 4,626 272 12,384
Accumulated depreciation/amortisation (5,510) (971) (127) (6,608)
Net book value 1,976 3,655 145 5,776
Additions By purchase 259 1,026 - 1,285
Net revaluation increment/decrement 79 - - 79
Depreciation/amortisation expense (704) (2,078) (27) (2,809)
Disposals (28) - - (28)
Other movement (145) (3) - (148)
As at 1 July 2003
Gross book value 7,766 5,619 272 13,657
Accumulated depreciation/amortisation (6,329) (3,019) (154) 9,502
Net book value 1,437 2,600 118 4,155
Net book value at 30 June 2003 1,437 2,600 118 4,155
Net book value at 1 July 2002 1,976 3,655 145 5,776
TABLE B – Assets at valuation
Item Total Plant & Equipment Software Trade Marks Total
$’000 $’000 $’000 $’000
As at 30 June 2003
Gross value 7,415 - - 7,415
Accumulated Depreciation/Amortisation (6,171) - - (6,171)
Net book value 1,244 1,244
As at 30 June 2002
Gross value 6,357 - - 6,357
Accumulated Depreciation/Amortisation (5,220) - - (5,220)
Net book value 1,137 - - 1,137
85