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Annual Financial Statements for year ended 30 June 2012
50
Waste Bins
Other Assets
2011-2012
$
2010-2011
$
Waste bins at cost
4,049,484
3,939,415
Accumulated depreciation
(2,024,771)
(1,673,066)
Book value June 30
2,024,713
2,266,349
Other Assets – Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
2,266,349
2,478,589
Acquisitions for the year
110,069
129,416
Depreciation for the year
(351,705)
(341,656)
Closing balance June 30
2,024,713
2,266,349
Software
Other Assets
2011-2012
$
2010-2011
$
Software at cost
488,340
308,354
Accumulated depreciation
(45,433)
(2,103)
Book value June 30
442,907
306,251
Other Assets – Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
306,251
18,744
Acquisitions for the year
179,986
289,610
Depreciation for the year
(43,330)
(2,103)
Closing balance June 30
442,907
306,251
Total Other Assets
Other Assets
2011-2012
$
2010-2011
$
Total other assets at cost
6,463,869
5,541,367
Total other assets at valuation
6,979,910
6,979,910
Accumulated depreciation
(7,294,031)
(5,581,836)
Book value June 30
6,149,748
6,939,441
Other Assets – Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
6,939,441
7,432,726
Acquisitions for the year
922,502
1,063,747
Depreciation for the year
(1,712,195)
(1,557,032)
Closing balance June 30
6,149,748
6,939,441
Notes to the Financial Statements