Speech Pathology Australia Annual Report 2023

11. INTANGIBLE ASSETS Details of the Company’s intangible assets and their carrying amounts are as follows:

Software

Total

$

$

Balance 1 January 2022 Balance 31 December 2022 Balance 1 January 2023

40,117 35,455 111,613 434,232

40,117 35,455 111,613 434,23

Additions Disposals Written off

0 0

0 0

Balance 31 December 2023 Depreciation and impairment Balance 1 January 2023

545,845

545,845

76,158

76,158

Written off

0 0

0 0

Amortisation

Balance 31 December 2023

76,158 469,687

76,158 469,687

Carrying amount 31 December 2023

All amortisation is included within depreciation and amortisation.

12. RIGHT OF USE ASSETS Details of the Company’s leases where Speech Pathology Australia is a lessee and their carrying amount are as follows:

Property

Equipment

Total

$

$

Balance 1 January 2023

777,635 861,496 (777,635) 861,496 691,231 (777,635) 206,056 119,652 741,844

62,207

839,842 861,496 (777,635) 923,703 691,231 (777,635) 218,497 132,093 791,610

Additions Disposals

0 0

Balance 31 December 2023 Amortisation and impairment Balance 1 January 2023

62,207

0 0

Disposals

Amortisation

12,441 12,441 49,766

Balance 31 December 2023

Carrying amount 31 December 2023

The Company has leases over its office premises and equipment.

Terms and conditions of leases The current lease term of the office building will expire on 9 July 2026 with 3 years options to extend included in the lease agreement. Lease payments are subject to an annual increment of 4% per annum. The Company leases equipment under agreement of 5 years will expire on 1 November 2027 without option to extend. The maturity analysis of lease liabilities based on contractual undiscounted cash flows is shown in the table below.

40 Speech Pathology Australia | 2023 Annual Report