Annual Report 2015 Speech Pathology Australia

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:

Plant & equipment

Buildings

Buildings fitout

Capital WIP

Total

$

$

$

$

$

Balance 1 January 2015

316,348

32,319 198,257

167,996 103,722 (92,045) 179,673 144,556 (84,594) 18,119 78,081 101,592

-

516,663 327,481 (92,045) 752,099 161,534 (84,594) 28,667 105,607 646,492

Additions Disposals

- -

25,502

-

-

Balance 31 December 2015

316,348

230,576

25,502

Depreciation and impairment Balance 1 January 2015

- - - -

16,978

- - - -

Disposals

-

Depreciation

10,548 27,526 203,050

Balance 31 December 2015

Carrying amount 31 December 2015

*316,348

25,502

Balance 1 January 2014

316,348

29,944

159,800

- - -

506,092 10,570

Additions Disposals

- -

2,375

8,196

-

-

-

Balance 31 December 2014 Depreciation and impairment Balance 1 January 2014

316,348

32,319

167,996

516,662

- - - -

6,629

128,000

- - - - -

134,629

Disposals

-

-

-

Depreciation

10,351 16,980 15,339

16,556 144,556 23,440

26,907 161,536 355,128

Balance 31 December 2014

Carrying amount 31 December 2014

*316,348

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.

11 Employee remuneration 11.1 Employee benefits expense Expenses recognised for employee benefits are analysed below

9 Other assets Other assets consist the following:

2015

2014 $ $

Current Prepayments

2015

2014

124,039 105,778 71,276 30,665 195,315 136,443

$

$

Accrued income

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

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.

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2015 ANNUAL REPORT Speech Pathology Australia