Speech Pathology Australia Annual Report 2023

9. INVESTMENT PROPERTY – HELD FOR SALE Investment property includes a property in Bank Place, Melbourne, which was previously occupied as the Association’s head office. An agreement to sell Bank Place for consideration of $1.75 million was executed on 27 October 2023 and final settlement will take place in 2024. As such, the asset has been classified as held for sale. Buildings Building fit out Total

$

$

Balance 1 January 2022 Balance 31 December 2022 Depreciation and impairment Balance 1 January 2022

316,348 316,348

32,319 32,319

348,667 348,667

172,016

25,158

197,174

Depreciation

7,909

274

8,183

Balance 31 December 2022

179,925 136,423 316,348 316,348

25,432

205,357 143,310 348,667 348,667

Written down value 31 December 2022

6,887

Balance 1 January 2023 Balance 31 December 2023 Depreciation and impairment Balance 1 January 2023

32,319 32,319

179,924

25,430

205,354

Depreciation

7,909

273

8,182

Balance 31 December 2023

187,833 128,515

25,703

213,536 135,131

Written down value 31 December 2023

6,616

10. PROPERTY, PLANT AND EQUIPMENT Details of the Company’s property, plant and equipment and their carrying amounts are as follows:

Buildings fit out

Plant and equipment

Total

$

$

Balance 1 January 2023

275,811

254,175 39,551

529,986 39,551

Additions Disposals Writeback

0 0 0

0 0

0 0

Balance 31 December 2023 Depreciation and impairment Balance 1 January 2023

275,811

293,726

569,537

263,644

165,027

428,671

Disposals Writeback

0 0

0 0

0 0

Depreciation

34,982 298,626 (22,815)

18,480 183,507 110,219

53,462 482,133 87,404

Balance 31 December 2023

Carrying amount 31 December 2023

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

2023 Annual Report | Speech Pathology Australia 39