Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
Page 25
Page 26
Page 27
Page 28
Page 29
Page 30
Page 31
Page 32
Page 33
Page 34
Page 35
Page 36
Page 37
Page 38
Page 39
Page 40
Page 41
Page 42
Page 43
Page 44
Page 45
Page 46
Page 47
Page 48
Page 49
Page 50
Page 51
Page 52
Page 53
Page 54
Page 55
Page 56
Page 57
Page 58
Page 59
Page 60
Page 61
Page 62
Page 63
Page 64
Page 65
Page 66
Page 67
Page 68
Page 69
Page 70
Page 71
Page 72
Page 73
Page 74
Page 75
Page 76
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 JUNE 2015 6. Non-Current Assets Property Plant and Equipment Consolidated 2015 Land and Buildings 000 Leasehold Improvements 000 Plant and Equipment 000 Assets under construction 000 Total 000 Cost 46184 35038 393809 8231 483262 Accumulated depreciation expense 12062 19554 287805 319421 Net carrying amount 34122 15484 106004 8231 163841 Movement Net carrying amount at beginning of year 39074 17537 104526 10206 171343 Additions 3762 16187 7708 27657 Disposals 7312 264 7576 Depreciation expense 1402 2077 24104 27583 Transfers 24 9659 9683 Net carrying amount at end of year 34122 15484 106004 8231 163841 Consolidated 2014 Land and Buildings 000 Leasehold Improvements 000 Plant and Equipment 000 Assets under construction 000 Total 000 Cost 52377 35029 386676 10206 484288 Accumulated depreciation expense 13303 17492 282150 312945 Net carrying amount 39074 17537 104526 10206 171343 Movement Net carrying amount at beginning of year 37444 18612 107402 7137 170595 Additions 2644 980 17392 7476 28492 Disposals 233 233 Depreciation expense 1014 2033 24464 27511 Transfers 22 4429 4407 Net carrying amount at end of year 39074 17537 104526 10206 171343 Recognition and Measurement Property Plant and Equipment at Cost Property plant and equipment is recorded at cost less accumulated depreciation and cumulative impairment charges. Cost includes those costs directly attributable to bringing the assets into the location and working condition necessary for the asset to be capable of operating in the manner intended by management. The estimated cost of dismantling and removing infrastructure items and restoring the site on which the assets are located is only included in the cost of the asset to the extent that the Group has an obligation to restore the site and the cost of restoration is not recoverable from third parties. Additions renewals and improvements are capitalised while maintenance and repairs are expensed. The carrying values of property plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. An assets carrying amount is written down immediately to its recoverable amount if the assets carrying amount is greater than its estimated recoverable amount. Depreciation Land is not depreciated. Depreciation on other assets is calculated on a straight-line basis to write off the cost of the asset over its estimated useful life. Estimates of remaining useful life are made on a regular basis for all assets with annual reassessments for major items. The expected useful life of property plant and equipment is as follows Buildings 5 50 years Communication equipment 3 5 years Leasehold improvements 3 16 years Other plant and equipment 2 20 years Network equipment 2 10 years Leased plant and equipment 2 20 years 48 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015