KU Annual Report KU Annual Report 2017 | Page 48

FINANCIALS 8. Property, Plant and Equipment (continued) 2017 2016 $ $ Land and buildings 201,094 193,072 Leasehold Improvements 922,055 979,085 Furniture and office equipment 34,045 368,575 Motor vehicles 10,490 18,003 Make Good Asset 72,722 88,850 294,216 75,888 1,534,622 1,723,473 Software Total $ $ 1,726,554 1,726,554 95,984 95,984 178,993 178,993 (9,092) (9,092) 1,992,439 1,992,439 300,591 300,591 73,220 73,220 2,366,250 2,366,250 Balance at 1 January 2016 (889,777) (889,777) Amortisation expense (209,864) (209,864) (1,099,641) (1,099,641) (244,205) (244,205) (1,343,846) (1,343,846) As at 31 December 2016 892,798 892,798 As at 31 December 2017 1,022,404 1,022,404 2017 2016 $ $ Salary and superannuation accruals 1,429,651 1,193,748 Prepaid centre fees and holding deposits 3,775,585 4,390,527 95,850 424,466 Depreciation: Finance Lease Asset 9. Intangible Assets Gross Carrying Amount Balance at 1 January 2016 Additions Assets under construction (WIP) Reclassification and prior year adjustment Balance at 31 December 2016 KU 20 17 Additions Assets under construction (WIP) Balance at 31 December 2017 Accumulated Depreciation Balance at 31 December 2016 Amortisation expense Balance at 31 December 2017 Net Book Value 10. Trade and Other Payables GST Payable Other payables and accruals 1,198,780 335,890 Trade payables 2,682,174 2,234,570 WBS & Brokered program surpluses 3,787,251 4,212,695 12,969,292 12,791,896 24