Speech Pathology Australia 2022 Annual Report

10 Investment property Investment property includes a property in Bank Place, Melbourne, which was previously occupied as the Association’s head office, and is now owned to earn rentals and generate capital appreciation. A market appraisal conducted by Hudson Bond Commercial on 17 March 2022 indicated a possible market reselling price of $2,050,000 Buildings $ Building Fit out $ Total $ Balance 1 January 2022 316,348 32,319 348,667 Balance 31 December 2022 316,348 32,319 348,667 Depreciation and impairment Balance 1 January 2022 172,016 25,158 197,174

11 Property, plant and equipment Details of the Company’s property, plant and equipment and their carrying amount are as follows: Building Fit out $ Plant & equipment $ Total $ Balance 1 January 2022 275,881 323,843 599,654

Additions

0

41,601

41,601

Disposals

0

0

0

Writebacks

0

(111,269)

(111,269)

Balance 31 December 2022 Depreciation and impairment Balance 1 January 2022

275,881

254,175

529,986

226,642

242,103

468,745

Depreciation

7,909

274

8,183

Balance 31 December 2022 Written down value 31 December 2022 Balance 1 January 2021 Balance 31 December 2021 Depreciation and impairment Balance 1 January 2021

Writebacks

0

0

0

179,925

25,432

205,357

Disposals

0

(111,269)

(111,269)

136,423

6,887

143,310

Depreciation

37,002

34,193

71,195

316,348

32,319

348,667

Balance 31 December 2022

263,664

165,027

428,671

316,348

32,319

348,667

Carrying amount 31 December 2022

12,167

89,148

101,315

12 Intangible assets Details of the Company’s intangible assets and their carrying amount are as follows: Software $ Total $ Balance 1 January 2022 170,025 170,025 Additions 0 0 Disposals (3,155) (3,155) Writeback (55,257) (55,257) Balance 31 December 2022 111,613 111,613 Depreciation and impairment Balance 1 January 2022 129,908 129,908 Writeback (55,257) (55,257) Amortisation 1,507 1,507 Balance 31 December 2022 76,158 76,158 Written down value 31 December 2022 35,455 35,455

164,107

24,885

188,992

Depreciation

7,909

273

8,182

Balance 31 December 2021 Written down value 31 December 2021

172,016

25,158

197,174

144,332

7,161

151,493

Lessor commitments

2022 $

2021 $

Minimum lease commitments receivable but not recognised in the financial statements: 1 year or less

9,657

115,515

Between 1 and 2 years Between 2 and 3 years

0 0

9,657

0

9,657

125,172

19 2022 ANNUAL REPORT Speech Pathology Australia