Annual Report 2017-18 | Monash Health

Notes to the Financial Statements
Monash Health Annual Report 2017/2018
Note 3.1: Analysis of expenses by source (continued)
Net gain/(loss) on financial instruments
Net gain/(loss) on financial instruments includes:
a) realised and unrealised gains and losses from revaluations of financial instruments at fair value;
b) disposals of financial assets and derecognition of financial liabilities.
Amortisation of non-produced intangible assets
Intangible non-produced assets with finite lives are amortised as an ‘other economic flow’ on a
systematic basis over the asset’s useful life. Amortisation begins when the asset is available for
use that is when it is in the location and condition necessary for it to be capable of operating in the
manner intended by management.
Other gains/(losses) from other economic flows
Other gains/(losses) include:
a) the revaluation of the present value of the long service leave liability due to changes in the
bond rate movements, inflation rate movements and the impact of changes in probability factors;
and
b) transfer of amounts from the reserves to accumulated surplus or net result due to disposal or
derecognition or reclassification.
De-recognition of financial liabilities
A financial liability is derecognised when the obligation under the liability is discharged, cancelled
or expires.
86 Monash Health Annual Report 2017-18