Department of Corporate and Information Services annual report 2016-17
Annual report 2016-17
Northern Territory. Department of Corporate and Information Services
E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report
2017
Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).
English
Northern Territory. Department of Corporate and Information Services -- Periodical
Northern Territory Government
Darwin
Department of Corporate and Information Services annual report; Annual report
2016/2017
application/pdf
1835-2332
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0
https://hdl.handle.net/10070/304926
https://hdl.handle.net/10070/361114
Annual Report 2016-17 | Department of Corporate and Information Services 133 DEPARTMENT OF CORPORATE AND INFORMATION SERVICES - FINANCIAL REPORT c) ADDITIONAL INFORMATION FOR LEVEL 3 FAIR VALUE MEASUREMENTS (i) Reconciliation of Recurring Level 3 Fair Value Measurements Plant and Equipment $000 Computer Software $000 Computer Hardware $000 2016-17 Fair value as at 1 July 2016 23 084 4 945 3 272 Additions 14 955 319 1 272 Disposals - - Transfers from Level 2 - - Transfers to Level 2 - - Depreciation/Amortisation (2 546) (1 900) (1 467) Additions/(Disposals) from Asset Transfers 4 022 - Impairments Gains/losses recognised in net surplus/(deficit) - - Gains/losses recognised in other comprehensive income - - Fair value as at 30 June 2017 39 515 3 364 3 077 2015-16 Fair value as at 1 July 2015 9 844 4 068 1 754 Additions 846 2 649 2 613 Disposals - - Transfers from Level 2 - - Transfers to Level 2 - - Depreciation/Amortisation (2 245) (1 772) (1 095) Additions/(Disposals) from Asset Transfers 14 677 - Impairments (38) - Gains/losses recognised in net surplus/(deficit) - - Gains/losses recognised in other comprehensive income - - Fair value as at 30 June 2016 23 084 4 945 3 272 (ii) Sensitivity analysis Unobservable inputs used in computing the fair value of assets include the historical cost and the consumed economic benefit for each asset. Given the large number of DCIS assets, it is not practical to compute a relevant summary measure for the unobservable inputs. In respect of sensitivity of fair value to changes in input value, a higher historical cost results in a higher fair value and greater consumption of economic benefit lowers fair value.