Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p23
Version: federal_register_of_legislation:F2019L00828
Segment Type: other
Provision Reference: 
Character Range: 62970–66297

not include property acquired or held available for sale. These assets are to be disclosed in 'Other Assets' category under line item 'Non-current assets and disposal groups classified as held for sale'.

9.1 Property
Include:
     * property (owner-occupied and investment) consistent with the classification and measurement basis used in AASB 116 Property, Plant and Equipment (AASB 116) and AASB 140 Investment Property (AASB 140).

9.2 Plant and equipment
Include:
     * furniture, equipment (excluding 'Information technology'), re-modelling costs to existing premises, and interest capitalised during the period of construction of buildings in accordance with AASB 116.

9.3 Less: Accumulated depreciation/impairment - Property, plant and equipment
Report total depreciation and impairment for all property, plant and equipment items.

9.4 Property, plant and equipment net of accumulated depreciation /impairment
Deduct 'Accumulated depreciation/impairment' from the gross values for 'Property' and 'Plant and equipment'.

9.5 Information technology
Where information technology is treated as an intangible asset for accounting purposes, it must be reported as an intangible asset in this regulatory form.

9.5.1 Work in progress (WIP):

9.5.1.1 Hardware and software application costs
Include:
     * the cost of hardware and software purchased from third parties not yet in use i.e. material costs.

9.5.1.2 Development and other on costs
Include:
     * software development, hardware installation costs and associated overheads that are carried out internally not yet in use i.e. labour and overhead costs.

9.5.1.3 Total WIP
Sum of line items hardware and software application costs and development and other on costs.

9.5.2 In use:

9.5.2.1 Hardware and software application costs
Include:
     * the cost of hardware and software purchased from third parties in use i.e. material costs.

9.5.2.2 Development and other on costs
Include:
     * software development, hardware installation costs and associated overheads that are carried out internally which are in use i.e. labour and overhead costs.

9.5.2.3 Total in use
Sum of line items hardware and software application costs and Development and other on costs.

9.5.3 Other information technology
Report other information technology expenditure which is not separately reported above.

9.5.4 Total information technology
Report total gross value of Information technology WIP and in use here.

9.6 Less: Accumulated depreciation/impairment - Information technology
Report accumulated depreciation/impairment in total for all Information technology assets.

9.7 Total information technology net of accumulated depreciation/impairment
Subtract 'Accumulated depreciation/impairment - Information technology' from 'Total information technology (WIP plus In Use plus Other information technology)'.

9.8 Other
Report other fixed asset items not specifically mentioned above; e.g. leasehold improvements and capital leases.

9.9 Less: Accumulated depreciation
Report accumulated depreciation/impairment relating to other fixed assets.

9.10 Total other net of accumulated depreciation/impairment
Subtract 'Less: Accumulated depreciation' from 'Other'.

9.11 Net fixed assets
Deduct accumulated depreciation/impairment from the gross values for property, plant and