95 / 100
2016
2015
$
$
Trade payables
212,191
Accrued staff costs
834,000
716,000
Accrued operating expenses
641,938
583,376
Deferred income
105,000
55,000
1,793,129
1,354,376
ACQUIRED
COMPUTER
SOFTWARE
DEVELOPMENT
WORK-IN-
PROGRESS
TOTAL
$
$
$
Cost:
At 1 April 2014
450,171
251,750
701,921
Additions
299,829
-
299,829
At 31 March 2015
750,000
251,750
1,001,750
Additions
5,778
-
5,778
At 31 March 2016
755,778
251,750
1,007,528
Amortisation:
At 1 April 2014
184,947
-
184,947
Amortisation
95,393
-
95,393
At 31 March 2015
280,340
-
280,340
Amortisation
133,903
-
133,903
At 31 March 2016
414,243
-
414,243
Carrying amount:
At 31 March 2016
341,535
251,750
593,285
At 31 March 2015
469,660
251,750
721,410
During the financial year, the Commission acquired computer software with aggregate cost of $5,778 (2015
: $299,829). Cash payment of $ 5,778 (2015 : $267,000) were made to purchase computer software and $Nil
(2015 : $32,829) remains unpaid at the end of the reporting period.
Development work-in-progress relates to Knowledge Management System.
The average credit period is 30 days (2015 : 30 days). No interest is charged on outstanding balances.
NOTES TO FINANCIAL STATEMENTS
9
10
INTANGIBLE ASSETS
TRADE AND OTHER PAYABLES
31 MARCH 2016
93
CCS ANNUAL REPORT 2015-2016
FINANCIAL STATEMENTS