SPA Annual report 2018 FINAL. pdf

9 Investment property Investment property includes a property in Bank Place, Melbourne, which was previously occupied as our head office, and is now owned to earn rentals and capital appreciation. A market appraisal conducted by Hudson Bond Commercial on 13 February 2019 indicated a possible market reselling price of $1,700,000. difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings or when the trade receivables are over 3 years past due, whichever occurs first. The Company writes off a trade receivable when there is information indicating that the debtor is in severe financial

10 Property, plant and equipment Details of the Company’s property, plant and equipment and their carrying amount are as follows:

Buildings Fitout

Plant & equipment

Total

$

$

$

Balance 1 Jan 2018

198,257 198,059 396,316

Additions Disposals

- -

32,561

32,561

-

-

Balance 31 Dec 2018 Depreciation and impairment Balance 1 Jan 2018

198,257 230,620 428,877

107,336 119,010 226,346

Disposals

-

-

-

Buildings Building Fitout

Total

Depreciation

39,274 20,135

59,409

$

$

$

Balance 31 Dec 2018 Carrying amount 31 December 2018

146,610 139,145 285,755

Balance 1 Jan 2018

316,348

32,319 348,667

51,647 91,475 143,122

Additions Disposals

- -

- -

- -

Balance 1 Jan 2017

198,257 185,874 384,131

Balance 31 Dec 2018 316,348

32,319 348,667

Additions Disposals

- -

12,185

12,185

Depreciation and impairment Balance 1 Jan 2018

-

-

Balance 31 Dec 2017 Depreciation and impairment Balance 1 Jan 2017

198,257 198,059 396,316

140,380

23,577 163,957

Disposals

-

-

-

Depreciation

7,909

605

8,514

67,125 95,249 162,374

Balance 31 Dec 2018 148,289

24,182 172,471

Disposals

-

-

-

Carrying amount 31 December 2018

168,059

8,137 176,196

Depreciation

40,211 23,761

63,972

Balance 31 Dec 2017 Carrying amount 31 December 2017

107,336 119,010 226,346

Balance 1 Jan 2017

316,348

32,319 348,667

Additions Disposals

- -

- -

- -

90,921 79,049 169,970

All depreciation and impairment charges (or reversals if any) are included within ‘depreciation and amortisation’ and ‘impairment of non-financial assets’.

Balance 31 Dec 2017 316,348 Depreciation and impairment Balance 1 January 2017 132,471

32,319 348,667

21,806 154,277

Disposals

-

-

-

Depreciation

7,909

1,771

9,680

Balance 31 December 2017 Carrying amount 31 December 2017

140,380

23,577 163,957

175,968

8,742 184,710

24 2018 ANNUAL REPORT Speech Pathology Australia