Charles Darwin Univiersity financial statements 2017
Charles Darwin Univiersity
Charles Darwin Univiersity financial statements; Reports; PublicationNT
Made available via the Publications (Legal Deposit) Act 2004 (NT).
Charles Darwin University -- Periodicals; Charles Darwin University -- Finance -- Periodicals; Financial statements -- Australia -- Northern Territory; Universities and colleges -- Australia -- Northern Territory -- Finance -- Periodicals
Charles Darwin University
v. ; 30 cm.
Charles Darwin University
http://territorystories.nt.gov.au/jspui/handle/10070/306001 [Charles Darwin University finanical statement]
Notes to the Financial Statements For the year ended 31 December 2017 32 Note 11: Repairs and maintenance Consolidated Parent Entity 2017 2016 2017 2016 $'000 $'000 $'000 $'000 Building maintenance 1,286 982 1,286 982 Grounds maintenance 511 611 511 610 Electrical works 1,458 1,506 1,458 1,506 Air-conditioning 694 830 694 830 Building energy maintenance 388 605 388 605 Repairs and maintenance information technology 699 1,240 699 1,240 Plumbing 716 649 715 649 Repairs and maintenance general 2,952 3,144 2,529 2,916 Total repairs and maintenance 8,704 9,567 8,280 9,338 Accounting Policy Repairs and maintenance costs are recognised as expenses as incurred, except where they relate to the replacement of a component of an asset, in which case, the costs are capitalised and depreciated. Other routine operating maintenance, repair and minor renewal costs are also recognised as expenses, as incurred. Note 12: Impairment of assets Consolidated Parent Entity 2017 2016 2017 2016 $'000 $'000 $'000 $'000 General debts 35 330 24 330 Student debts 506 497 506 497 Goodwill 6 - - - Total impairment of assets 547 827 530 827 Accounting Policy Impairment of assets Intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment. Other assets that are subject to amortisation are reviewed whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows which are largely independent of the cash inflows from other assets or groups of assets (cash generating units). Non-financial assets other than goodwill that suffered impairment are reviewed for possible reversal of the impairment at each reporting date.
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