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2015 ANNUAL REPORT Speech Pathology Australia
23
All amounts are short-term. The net carrying value of trade receivables is considered a reasonable approximation of fair value.
All of the Company’s trade and other receivables have been reviewed for indicators of impairment. No trade receivables were found
to be impaired and no allowance for credit losses.
8 Property, plant and equipment
Details of the Company’s property, plant and equipment and their carrying amount are as follows:
$
$
$
$
$
Balance 1 January 2015
316,348
32,319
167,996
-
516,663
Additions
-
198,257
103,722
25,502
327,481
Disposals
-
-
(92,045)
-
(92,045)
Balance 31 December 2015
316,348
230,576
179,673
25,502
752,099
Depreciation and impairment
Balance 1 January 2015
-
16,978
144,556
-
161,534
Disposals
-
-
(84,594)
-
(84,594)
Depreciation
-
10,548
18,119
-
28,667
Balance 31 December 2015
-
27,526
78,081
-
105,607
Carrying amount 31 December 2015
*316,348
203,050
101,592
25,502
646,492
Balance 1 January 2014
316,348
29,944
159,800
-
506,092
Additions
-
2,375
8,196
-
10,570
Disposals
-
-
-
-
-
Balance 31 December 2014
316,348
32,319
167,996
516,662
Depreciation and impairment
Balance 1 January 2014
-
6,629
128,000
-
134,629
Disposals
-
-
-
-
-
Depreciation
-
10,351
16,556
-
26,907
Balance 31 December 2014
-
16,980
144,556
-
161,536
Carrying amount 31 December 2014
*316,348
15,339
23,440
-
355,128
Buildings
Buildings fitout
Plant &
equipment
Capital WIP
Total
All depreciation and impairment charges (or reversals if any) are included within ‘depreciation and amortisation’ and ‘impairment of
non-financial assets’.
*The Building at Bank Place is reported at historical cost. A market appraisal conducted by Hudson Bond Commercial on 24
January 2014 indicated a possible market reselling price in the range of $1,050,000 to $1,150,000.
9 Other assets
Other assets consist the following:
2015
2014
$ $
Current
Prepayments
124,039 105,778
Accrued income
71,276 30,665
195,315 136,443
10 Trade and other Payables
Trade and other payables recognised consist of the following:
2015 2014
$ $
Current
Trade payables 152,688 187,220
Other creditors and
accruals
224,022 81,204
376,710 268,424
All above liabilities are short-term. The carrying values are
considered to be a reasonable approximation of fair value.
11
Employee remuneration
11.1 Employee benefits expense
Expenses recognised for employee benefits are analysed below
2015
2014
$
$
Wages, salaries
1,370,029 1,128,438
Superannuation –
defined contribution plans 130,218 105,383
Employee benefit provisions
28,698
16,807
Employee benefits expense 1,528,945 1,250,628