LEGAL SERVICES COMMISSIONER ANNUAL REPORT 2012

6 Current assets – Other current assetsThe LSC’s activities are funded by the LSB. Under the provisions of the Legal Profession Act 2004 (the Act) the LSB is obligedto meet the expenses and discharge the liabilities of the LSC in performing functions under the Act.The LSB continues to fulfil its funding obligations. Instead of transferring cash to the LSC at set intervals as occurred in thepast, funding is provided by way of a loan. A corresponding borrowing is reported in the accounts of the LSB.2012 2011$ $Other current assets 2,585,114 852,585,114 857 Plant and equipmentPlant and equipment are classified primarily by the purpose for which the assets are used according to one of the five ‘PurposeGroups’ based upon Government Classification (GPC). All assets within a ‘Purposes Group’ are further sub-categorised to theasset’s nature, with each sub category being classified as a separate class of asset for financial reporting purposes.PUBLIC SAFETY AND ENVIRONMENT2012 2011$ $(a) Classification by ‘Purpose Groups’ – Carrying amountsComputer equipmentAt cost 47,530 121,407Less: accumulated depreciation (46,387) (68,162)1,143 53,245Office furnitureAt cost 9,658 43,032Less: accumulated depreciation (1,414) (5,843)8,244 37,189Motor vehicleAt cost 72,887 103,345Less: accumulated depreciation (29,458) (22,758)43,429 80,587Office equipmentAt cost 11,890 1,174Less: accumulated depreciation (1,620) (132)10,270 1,042Net carrying amount of plant and equipment 63,086 172,063Legal Services COMMISSIONER Annual Report 2012 67