FINANCIAL

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NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2006 (i) Impairment losses are included in the line item impairment of non-current assets in the income statement. The impairment losses recognised during the year (2004/05: nil) relate to the write-down of buildings. A property review was undertaken and valuations were sought from an independent valuer for all land and buildings. During that review it was discovered that there were minor impairments among several buildings totalling $0.2m. This impairment was charged immediately to the income statement. Note 12: Investment property Consolidated Company 2006 2005 2006 2005 $’000 $’000 $’000 $’000 Gross carrying amount Balance at beginning of financial year 5,991 - 5,991 - Balance transferred in from merged business - 5,991 - 5,991 Balance at end of financial year 5,991 5,991 5,991 5,991 Accumulated depreciation/amortisation and impairment Balance at beginning of financial year (11) - (11) - Depreciation expense (11) (11) (11) (11) Balance at end of financial year (22) (11) (22) (11) Net book value 5,969 5,980 5,969 5,980 The fair value of the consolidated entity’s investment properties at 30 June 2006 was $6.0m (30 June 2005: $6.0m). This value has been arrived at on the basis of a valuation carried out at that date by Charter Keck Cramer, independent valuers not related to the consolidated entity. The valuations, which conform to Australian Valuation Standards, were arrived at by reference to comparable sales data, adjusted for the unique attributes for each individual property. 28 Vision Australia Financial Report 2005/2006
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2006 Note 13: Other intangible assets Gross carrying amount Consolidated Audio Computer Total Masters Software $’000 $’000 $’000 Balance transferred in from merged entities - 1,310 1,310 Additions 263 118 381 Balance at 30 June 2005 263 1,428 1,691 Additions 637 482 1,119 Balance 30 June 2006 900 1,910 2,810 Accumulation amortisation and impairment Balance transferred in from merged entities - (286) (286) Amortisation expense (i) (43) (291) (334) Balance at 30 June 2005 (43) (577) (620) Amortisation expense (i) (99) (424) (523) Balance at 30 June 2006 (142) (1,001) (1,143) Net book value As at 30 June 2005 220 851 1,071 As at 30 June 2006 758 909 1,667 Vision Australia Financial Report 2005/2006 29
Page 1: 05 06 Financial report for the fina
Page 4 and 5: Principal Activities The principal
Page 6 and 7: Board Committees To maximise its ef
Page 8 and 9: Directors’ meetings The following
Page 10 and 11: INCOME STATEMENT FOR THE FINANCIAL
Page 12 and 13: STATEMENT OF CHANGES IN EQUITY FOR
Page 14 and 15: NOTES TO THE FINANCIAL STATEMENTS F
Page 52 and 53: EXECUTIVES’ DECLARATION The Chief
Page 54 and 55: The Board of Directors Vision Austr
Page 56 and 57: Qualification Donations and bequest
Page 58 and 59: Mr N Grace Mr J R Grahame Miss R Gr
Page 60 and 61: Estate of the Late E J Colby Estate
Page 62 and 63: Corporates - $1,000 or more A1 Blin
Page 64 and 65: Government funding and support Fede
Page 66 and 67: Gandel Foundation George Lewin Foun

FINANCIAL

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