Department of Transport Annual Report 2010 - 2011

24. Construction in progress
2011
$ 000
2010
$ 000
At cost:
Vessels 173 85
Computer hardware 1 224 1 198
Buildings and refurbishments 2 007 809
Intangibles 4 924 5 359
Maritime infrastructure 33 531 16 570
41 859 24 021
Reconciliation
Reconciliations of the carrying amounts of construction in
progress at the beginning and end of the financial year are
set out below.
Carrying amount at the start of the year
24 021
-
Transfers at 1 July 2009
-
17 509
Expenditure during the year 24 000 19 084
Non-current assets commissioned during the year (5 953) (12 359)
Amounts expensed ( 209) ( 213)
Carrying amount at the end of the year 41 859 24 021
25. Impairment of assets
There were no indications of impairment to property, plant and equipment,
infrastructure and intangible assets at 30 June 2011.
The Department held no goodwill or intangible assets with an indefinite useful life
during the end of the reporting period and at the end of the reporting period there
were no intangible assets not yet available for use.
26. Payables
2011
$ 000
2010
$ 000
Current
Trade payables 8 689 7 317
Accrued salaries 1 530 1 062
10 219 8 379
See also note 2(q) Payables and note 37 Financial instruments.
27. Borrowings
Finance lease liabilities (secured)
Current 21 -
Non-current 26 -
47 -
See also note 2(j) Leases.
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