Document ID: chunk:federal_register_of_legislation:F2019L00830:body:0:p25
Version: federal_register_of_legislation:F2019L00830
Segment Type: other
Provision Reference: 
Character Range: 68303–71456

software. However when computer equipment and software is treated as an intangible for accounting purposes (for example, in audited financial statements) it must be reported as part of intangible assets for prudential purposes and in this form.
8.6 Accumulated depreciation/impairment - Information technology
Report total depreciation and impairment for all Information technology items here.
8.7 Total information technology net of accumulated depreciation/impairment
Deduct 'Accumulated depreciation / impairment – Information technology' from the gross values for 'Information technology'.
8.8 Other
Report other fixed asset items not specifically mentioned above; e.g. leasehold improvements and capital leases.
8.9 Accumulated depreciation/impairment - Other
Report total depreciation and impairment for all 'Other' items.
8.10 Accumulated depreciation/amortisation
Report total depreciation and amortisation for all 'Fixed assets' items.
8.11 Net fixed assets
Deduct 'Accumulated depreciation/amortisation' from the gross values for 'Property, plant and equipment', 'Information technology' and 'Other'.
9. Intangible assets
Intangible assets have been divided into 'intangible assets with a finite life' and 'Intangible assets with an infinite life' and 'goodwill'.
Classification of assets as intangible assets must be in compliance with the Australian accounting standards. As a guide ADIs are suggested to follow the disclosure adopted in its annual financial report.
9.1 Intangible assets with a finite life
Include:
     * total intangible assets with a finite life.
9.2 Accumulated amortisation
Include:
     * the total amount of amortisation of intangible assets, over the period from the date of acquisition to the end of the reporting period.
9.3 Net Intangible assets with a finite life
Subtract the 'Accumulated amortisation' from the 'Intangible assets with a finite life'.
9.4 Intangible assets with an infinite life
Include:
     * total intangible assets with an infinite life.
9.5 Impairment
Include:
     * the total amount of impairment of intangible assets over the period from the date of acquisition to the end of the reporting period.
9.6 Net intangible assets with an infinite life
Subtract the 'Impairment' from the 'Intangible assets with an infinite life'.
9.7 Goodwill
Goodwill (determined in accordance with AASB 3) represents the excess of the cost of the business combination over the acquirer's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities.
9.8 Impairment
Include:
     * the total amount of impairment over the period from the date of acquisition to the end of the reporting period.
9.9 Net goodwill
Include:
     * the net amount of goodwill after impairment.
9.10 Net intangible assets
Deduct 'Accumulated amortisation' and 'Impairment' from the gross values for 'Intangible assets with a finite life', 'Intangible asset with an infinite life' and 'Goodwill'.
10. Other assets
10.1 Interest receivable
Include:
     * interest accrued for but not yet received.
10.2 Capitalised debt raising/funding costs
Report costs associated with debt raisings and other