W E S T E R N B AY O F P L E N T Y P R I M A RY H E A LT H O R G A N I S AT I O N L I M I T E D
Notes to the Financial Statements
For The Year Ended 30 June 2019
10 I N TA N G I B L E A S S E T S
Intangible Assets
Cost Balance at 1 July 2017 Additions Disposals
113,437 31,817 –
Balance at 30 June 2018
145,254
Balance at 1 July 2018
145,254
Additions
38,121
Disposals
–
Balance at 30 June 2019
183,375
Accumulated Depreciation Balance at 1 July 2017
(42,328)
Amortisation
(39,744)
Disposals
4 0
W E S T E R N B AY O F P L E N T Y P R I M A R Y H E A LT H O R G A N I S AT I O N A N N U A L R E P O R T 2 0 1 8 -2 0 19
Balance at 30 June 2018
– (82,072)
Balance at 1 July 2018
(82,072)
Amortisation
(54,542)
Disposals Balance at 30 June 2019
– (136,614)
Balance at 1 July 2017
71,109
Balance at 30 June 2018
63,182
Balance at 30 June 2019
46,760
POLICIES Measurement Acquired computer software licenses are capitalised on the basis of the costs incurred to acquire and bring to use the specific software. Costs that are directly associated with the development of software for internal use are recognised as an intangible asset. Direct costs include the costs of materials and services, employee costs, and any directly attributable overheads. Costs of software updates or upgrades are capitalised only when they increase the usefulness or value of the asset. All other costs are expensed when incurred.