AnnuAl REPORT 2011-2012 - Sbs

3(c) Depreciation and amortisation
Notes
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Depreciation
Infrastructure, plant and equipment 6,710 6,342 6,611 6,240
Buildings 2,509 2,399 2,509 2,399
total depreciation
Amortisation
9,219 8,741 9,120 8,639
Intangibles – contract rights (controlled company) 8(c) 39 39 – –
Intangibles – computer software 1,350 1,184 1,347 1,181
total amortisation 1,389 1,223 1,347 1,181
total depreciation and amortisation 10,608 9,964 10,467 9,820
The aggregate amounts of depreciation and
amortisation expensed for each class of
depreciable asset are as follows:
Buildings on freehold land 1,728 1,677 1,728 1,677
Leasehold improvements 781 722 781 722
Plant and equipment 6,710 6,342 6,611 6,240
Intangibles – computer software 1,350 1,184 1,347 1,181
Intangibles – contract rights (controlled
company) 39 39 – –
total depreciation and amortisation 10,608 9,964 10,467 9,820
3(d) Finance costs
Loans from Government 10(a) 523 827 523 827
Unwinding of discount (i) 77 76 77 76
Other interest payments (ii) – 56 – –
total finance costs expense 600 959 600 903
(i) The “unwinding of discount” relates to the increase in provision for restoration costs (“makegood” leasehold
improvements at Federation Square, at the end of the lease term), as the discounted net present value increases,
through the passage of time.
(ii) Other interest payments relate to finance costs relating to advances received by the Corporation’s subsidiary to start
up a new arts channel.
AnnuAl RepoRt 2011 – 2012 89