Fitzroy Learning Network Annual Report - Page 9

Fitzroy Learning Network Inc. Annual Financial Report For the year ended 30 June 2016 Notes to the Financial Statements Note 3 Significant accounting policies (continued) (d) Impairment (continued) (ii) Non-financial assets The carrying amounts of the Association’s non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset’s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. Value in use is determined as the depreciated replacement costs of the assets. For the purpose of impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the β€œcashgenerating unit”). An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. Impairment losses …Ι”Ι•½Ή₯Ν•₯ΈΑΙ½™₯Ё½Θ±½ΝΜΈ%΅Α…₯Ι΅•ΉΠ±½Ν͕́ɕ½Ή₯Ν•₯ΈΙ•ΝΑ•Π)½˜…Ν ΅•Ή•Ι…Ρ₯ΉœΥΉ₯Ρ́…Ι”…±±½…Ρ•™₯ΙΝЁѼΙ•‘Ս”Ρ‘”…ΙΙε₯Ήœ…΅½ΥΉΠ½˜…Ήδ½½‘έ₯±°…±±½…Ρ•ΡΌΡ‘”ΥΉ₯Ρ́…Ή)Ρ‘•ΈΡΌΙ•‘Ս”Ρ‘”…ΙΙε₯Ήœ…΅½ΥΉΠ½˜Ρ‘”½Ρ‘•Θ…ΝΝ•Ρ́₯ΈΡ‘”ΥΉ₯Π€‘Ι½Υΐ½˜ΥΉ₯ΡΜ€½Έ„ΑΙΌΙ…Ρ„‰…Ν₯ΜΈ)%ΈΙ•ΝΑ•Π½˜½Ρ‘•Θ…ΝΝ•ΡΜ°₯΅Α…₯Ι΅•ΉΠ±½Ν͕́ɕ½Ή₯Ν•₯ΈΑΙ₯½ΘΑ•Ι₯½‘́…Ι”…ΝΝ•ΝΝ•…Ё•… Ι•Α½ΙΡ₯Ήœ‘…Ρ”™½Θ)…Ήδ₯Ή‘₯…Ρ₯½ΉΜΡ‘…Ёё”±½Ν́‘…́‘•Ι•…Ν•½ΘΉΌ±½Ή•Θ•α₯ΝΡΜΈΈ₯΅Α…₯Ι΅•ΉΠ±½Ν́₯́ɕٕΙΝ•₯˜Ρ‘•Ι”‘…́‰••Έ„)‘…Ή”₯ΈΡ‘”•ΝΡ₯΅…ѕ́ΥΝ•ΡΌ‘•Ρ•Ι΅₯Ή”Ρ‘”Ι•½Ω•Ι…‰±”…΅½ΥΉΠΈΈ₯΅Α…₯Ι΅•ΉΠ±½Ν́₯́ɕٕΙΝ•½Ή±δΡΌΡ‘”)•αΡ•ΉΠΡ‘…Ёё”…ΝΝ•ΣŠé…ΙΙε₯Ήœ…΅½ΥΉΠ‘½•ΜΉ½Π•α••Ρ‘”…ΙΙε₯Ήœ…΅½ΥΉΠΡ‘…Ёݽձ‘…Ω”‰••Έ‘•Ρ•Ι΅₯Ή•°)Ή•Π½˜‘•ΑΙ•₯…Ρ₯½Έ½Θ…΅½ΙΡ₯Ν…Ρ₯½Έ°₯˜ΉΌ₯΅Α…₯Ι΅•ΉΠ±½Ν́‘…‰••ΈΙ•½Ή₯Ν•Έ(‘”€΅Α±½ε•”‰•Ή•™₯ΡΜ(‘€€•™₯Ή•½ΉΡΙ₯‰ΥΡ₯½ΈΑ±…ΉΜ)‘•™₯Ή•½ΉΡΙ₯‰ΥΡ₯½ΈΑ±…Έ₯́„Α½ΝΠ΅•΅Α±½ε΅•ΉΠ‰•Ή•™₯ЁΑ±…ΈΥΉ‘•Θέ‘₯ …Έ•ΉΡ₯ΡδΑ…έ™₯ᕐ½ΉΡΙ₯‰ΥΡ₯½ΉΜ₯ΉΡΌ„)Ν•Α…Ι…Ρ”•ΉΡ₯Ρ䁅Ήέ₯±°‘…Ω”ΉΌ±•…°½Θ½ΉΝΡΙՍΡ₯Ω”½‰±₯…Ρ₯½ΈΡΌΑ…䁙ΥΙΡ‘•Θ…΅½ΥΉΡΜΈ=‰±₯…Ρ₯½ΉΜ™½Θ)½ΉΡΙ₯‰ΥΡ₯½ΉΜΡΌ‘•™₯Ή•½ΉΡΙ₯‰ΥΡ₯½ΈΑ±…ΉΜ…Ι”Ι•½Ή₯Ν•…́„Α•ΙΝ½ΉΉ•°•αΑ•ΉΝ”₯ΈΑΙ½™₯Ё½Θ±½Ν́ݑ•ΈΡ‘•δ…Ι”)‘Υ”Έ(‘₯€€=Ρ‘•Θ±½Ήœ΅Ρ•Ι΄•΅Α±½ε•”‰•Ή•™₯ΡΜ)Q‘”ΝΝ½₯…Ρ₯½»ŠéΉ•Π½‰±₯…Ρ₯½Έ₯ΈΙ•ΝΑ•Π½˜±½Ήœ΅Ρ•Ι΄•΅Α±½ε•”‰•Ή•™₯Ρ́₯́ё”…΅½ΥΉΠ½˜™ΥΡΥΙ”‰•Ή•™₯Ёё…Π)•΅Α±½ε••Μ‘…Ω”•…ΙΉ•₯ΈΙ•ΡΥΙΈ™½ΘΡ‘•₯ȁ͕ΙΩ₯”₯ΈΡ‘”ΥΙΙ•ΉΠ…ΉΑΙ₯½ΘΑ•Ι₯½Α±Ύ½Έ΅½ΝΡΜμΡ‘…Ё‰•Ή•™₯Ё₯Μ(‘₯₯€€M‘½ΙΠ΅Ρ•Ι΄‰•Ή•™₯ΡΜ)M‘½ΙΠ΅Ρ•Ι΄•΅Α±½ε•”‰•Ή•™₯Ё½‰±₯…Ρ₯½ΉΜ…Ι”΅•…ΝΥΙ•½Έ…ΈΥΉ‘₯͍½ΥΉΡ•‰…Ν₯Μ°…Ёё”…΅½ΥΉΡ́ё”ΝΝ½₯…Ρ₯½Έ)•αΑ•Ρ́ѼΑ…䰁…Ή…Ι”•αΑ•ΉΝ•…́ё”Ι•±…Ρ•Ν•ΙΩ₯”₯́ΑΙ½Ω₯‘•Έ(‘˜€I•Ω•ΉΥ”(‘€€½Ω•ΙΉ΅•ΉΠ™ΥΉ‘₯Ήœ)I•Ω•ΉΥ”™Ι½΄½Ω•ΙΉ΅•ΉΠ™ΥΉ‘₯Ήœ₯́ɕ½Ή₯Ν•₯ΈΡ‘”₯Ή½΅”ΝΡ…Ρ•΅•ΉΠΥΑ½ΈΡ‘”…‘₯•Ω•΅•ΉΠ…ΉΑΙ½Ι•Ν́½˜)ΝΑ•₯™₯Œ½‰©•Ρ₯ٕ́‘•Ρ…₯±•₯ΈΡ‘”™ΥΉ‘₯Ήœ…Ι••΅•ΉΡΜΈ)Ι…ΉΡ́ё…Ё½΅Α•ΉΝ…Ρ”Ρ‘”ΝΝ½₯…Ρ₯½Έ™½Θ•αΑ•ΉΝ•Μ₯ΉΥΙΙ•…Ι”Ι•½Ή₯Ν•…́ɕٕΉΥ”₯ΈΡ‘”₯Ή½΅”)ΝΡ…Ρ•΅•ΉΠ½Έ„ΝεΝΡ•΅…Ρ₯Œ‰…Ν₯́₯ΈΡ‘”Ν…΅”Α•Ι₯½‘́₯Έέ‘₯ Ρ‘”•αΑ•ΉΝ•Μ…Ι”₯ΉΥΙΙ•ΈΥΉ‘₯Ήœ™½Θ…Α₯Ρ…°)ΑΙ½©•Ρ́₯́ɕ½Ή₯Ν•₯ΈΑΙ½™₯Ё½Θ±½Ν́₯ΈΡ‘”™₯Ή…Ή₯…°ε•…ȁ₯Έέ‘₯ Ρ‘”έ½Ι¬‰•₯Ήœ™ΥΉ‘•₯́…ΙΙ₯•½ΥΠΈΉδ)™ΥΉ‘₯ΉœΙ••₯Ω•™½ΘΝ•ΙΩ₯•Μέ‘₯ ‘…Ω”Ή½Π‰••ΈΑ•Ι™½Ι΅•₯́ɕ½Ι‘•…́‘•™•ΙΙ•₯Ή½΅”₯ΈΡ‘”‰…±…Ή”)Ν‘••ΠΈ((ά((0