Note 7A: Leasehold improvements
  2014 2013
  $’000 $’000
Leasehold improvements    
Fair value 26,027 19,919
Accumulated depreciation (3,718) (10,365)
Total leasehold improvements 22,309 9,554
Fair Work Commission at 30 June 2014 has completed its nationwide refurbishment projects, which were undertaken to update leaseholds to support the operations of a modern tribunal, and consolidate tenancies in our Melbourne Offices. 
No adjustments were made as the carrying value did not substantially vary from the assets’ fair value at reporting date.
No indicators of impairment were found for leasehold improvements.
No leasehold improvements with a carrying value are expected to be sold or disposed of within the next 12 months.
Note 7B: Property, plant and equipment
  2014 2013
  $’000 $’000
Property, plant and equipment    
Fair value 9,437 5,012
Accumulated depreciation (1,927) (929)
Total property, plant and equipment 7,510 4,083
No indicators of impairment were found for property, plant and equipment.
No property, plant and equipment are expected to be sold or disposed of within the next 12 months.
Note 7C: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment
Reconciliation of the opening and closing balances of property, plant and equipment for 2014
  Leasehold Improvements Property, Plant and Equipment Total
  $’000 $’000 $’000
As at 1 July 2013      
Gross book value 19,919 5,012 24,931
Accumulated depreciation and impairment (10,365) (929) (11,294)
Total as at 1 July 2013 9,554 4,083 13,637
Additions      
Purchase 13,915 4,647 18,562
Depreciation expense (1,151) (1,161) (2,312)
Other movement - makegood 4 - 4
Disposals      
Asset cost (7,811) (222) (8,033)
Accumulated depreciation 7,798 163 7,961
Total as at 30 June 2014 22,309 7,510 29,819
       
Total as at 30 June 2014 represented by      
Gross book value 26,027 9,437 35,464
Accumulated depreciation and impairment (3,718) (1,927) (5,645)
Total as at 30 June 2014 22,309 7,510 29,819
Reconciliation of the opening and closing balances of property, plant and equipment for 2013
  Leasehold Improvements Property, Plant and Equipment Total
  $’000 $’000 $’000
As at 1 July 2012      
Gross book value 18,542 2,819 21,361
Accumulated depreciation and impairment (11,483) (66) (11,549)
Total as at 1 July 2012 7,059 2,753 9,812
Additions      
Purchase 3,883 2,215 6,098
Depreciation expense (770) (874) (1,644)
Other movement - makegood 2 - 2
Disposals      
Asset cost (2,508) (22) (2,530)
Accumulated depreciation 1,888 11 1,899
Total as at 30 June 2013 9,554 4,083 13,637
       
Total as at 30 June 2013 represented by      
Gross book value 19,919 5,012 24,931
Accumulated depreciation and impairment (10,365) (929) (11,294)
Total as at 30 June 2013 9,554 4,083 13,637
Note 7D: Intangibles
  2014 2013
  $’000 $’000
Computer software    
Internally developed - in progress 308 195
Internally developed - in use 1,212 1,059
Purchased 1,513 1,500
Accumulated amortisation (1,956) (1,704)
Total computer software 1,077 1,050
Total intangibles 
1,077
1,050
No indicators of impairments were found for intangible assets.
No intangibles are expected to be sold or disposed of within the next 12 months.
Note 7E: Reconciliation of the Opening and Closing Balances of Intangibles
Reconciliation of the opening and closing balances of intangibles for 2014    
  Intangibles Total
  $’000 $’000
As at 1 July 2013    
Gross book value 2,754 2,754
Accumulated amortisation and impairment (1,704) (1,704)
Total as at 1 July 2013 1,050 1,050
Additions    
Purchase or internally developed 328 328
Amortisation (298) (298)
Disposals    
Asset cost (49) (49)
Accumulated depreciation 46 46
Total as at 30 June 2014 1,077 1,077
Total as at 30 June 2014 represented by    
Gross book value 3,033 3,033
Accumulated amortisation and impairment (1,956) (1,956)
Total as at 30 June 2014 1,077 1,077
 
Reconciliation of the opening and closing balances of intangibles for 2013    
  Intangibles Total
  $’000 $’000
As at 1 July 2012    
Gross book value 2,177 2,177
Accumulated amortisation and impairment (1,243) (1,243)
Total as at 1 July 2012 934 934
Additions    
Purchase or internally developed 577 577
Amortisation (461) (461)
Disposals - -
Total as at 30 June 2013 1,050 1,050
Total as at 30 June 2013 represented by    
Gross book value 2,754 2,754
Accumulated amortisation and impairment (1,704) (1,704)
Total as at 30 June 2013 1,050 1,050
Note 7F: Other Non-Financial Assets
  2014 2013
  $’000 $’000
Prepayments 1,562 1,555
Lease incentive 2,991 3,497
Lease receivables 35 -
Total other non-financial assets 4,588 5,052
     
Other non-financial assets expected to be recovered    
No more than 12 months 1,523 2,137
More than 12 months 3,065 2,915
Total other non-financial assets 4,588 5,052
No indicators of impairment were found for other non-financial assets.

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