Territory Stories

Annual Report 2018-2019 Essential Services Commission of South Australia

Details:

Title

Annual Report 2018-2019 Essential Services Commission of South Australia

Other title

Tabled paper 1481

Collection

Tabled papers for 13th Assembly 2016 - 2020; Tabled papers; ParliamentNT

Date

2019-11-27

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Department of the Legislative Assembly

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/755171

Citation address

https://hdl.handle.net/10070/768714

Page content

Essential Services Commission Notes to and forming part of the financial statements for the year ended 30 June 2019 18 Reconciliation of property, plant and equipment The following table shows the movement of property, plant and equipment for the year ended 30 June 2019. Building fit-outs Total $000 $000 Carrying amount at the beginning of the period 271 271 Depreciation (60) (60) Carrying amount at the end of the period 211 211 5.2. Intangible assets 2019 2018 $'000 $'000 Internally developed software Internally developed computer software at cost (deemed fair value) 240 240 Accumulated amortisation (180) (140) Total internally generated software 60 100 Externally developed software Externally developed computer software at cost (deemed fair value) 184 184 Accumulated amortisation (134) (88) Total externally developed software 50 96 Total intangible assets 110 196 Intangible assets are initially measured at cost and are tested for indications of impairment at each reporting date. Following initial recognition, intangible assets are carried at cost, less any accumulated amortisation and any accumulated impairment losses. The acquisition or internal development of software is capitalised only when the expenditure meets the definition and recognition criteria and when the amount of expenditure is greater than or equal to $10 000. The internally developed computer software relates to the Commissions Retailer Energy Efficiency Scheme reporting system with a remaining useful life of 1.5 years and carrying amount of $60 000 (2018: $100 000). Impairment There were no indications of impairment of intangible assets at 30 June 2019. Reconciliation of intangible assets The following table shows the movement of intangible assets for the year ended 30 June 2019. Internally developed software Externally developed software Work in progress Total $'000 $'000 $'000 $'000 Carrying amount at the beginning of the period 100 96 - 196 Amortisation (40) (46) - (86) Carrying amount at the end of the period 60 50 - 110


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