70 / 74
8.
PLANT AND EQUIPMENT
FURNITURE,
FIXTURES AND
EQUIPMENT
OFFICE
EQUIPMENT
COMPUTER
EQUIPMENT
TOTAL
$
$
$
$
Cost:
At 1 April 2015
1,357,189
889,270
1,721,560
3,968,019
Additions
5,778
13,696
78,796
98,270
Write off
(2,140)
(17,056)
(17,994)
(37,190)
At 31 March 2016
1,360,827
885,910
1,782,362
4,029,099
Additions
115,313
32,887
125,289
273,489
Write off
(43,665)
(31,303)
(29,639)
(104,607)
At 31 March 2017
1,432,475
887,494
1,878,012
4,197,981
Accumulated
depreciation:
At 1 April 2015
738,292
432,122
1,128,148
2,298,562
Depreciation
164,539
91,057
321,875
577,471
Write off
(624)
(9,866)
(17,722)
(28,212)
At 31 March 2016
902,207
513,313
1,432,301
2,847,821
Depreciation
169,432
80,566
209,495
459,493
Write off
(32,545)
(16,043)
(26,718)
(75,306)
At 31 March 2017
1,039,094
577,836
1,615,078
3,232,008
Carrying amount:
At 31 March 2017
393,381
309,658
262,934
965,973
At 31 March 2016
458,620
372,597
350,061
1,181,278
During the financial year, the Commission acquired plant and equipment with aggregate
cost of $273,489 (2016 : $98,270). Cash payments of $ 261,549 (2016 : $61,660) were made
to purchase plant and equipment and $11,940 (2016 : $36,610) remains unpaid at the end of
reporting period.
NOTES TO FINANCIAL STATEMENTS
31 March 2017
9.
INTANGIBLE ASSETS
ACQUIRED
COMPUTER
SOFTWARE
DEVELOPMENT
WORK-
INPROGRESS
TOTAL
$
$
$
Cost:
At 1 April 2015
750,000
251,750
1,001,750
Additions
5,778
-
5,778
At 31 March 2016
755,778
251,750
1,007,528
Additions
26,469
75,844
102,313
At 31 March 2017
782,247
327,594
1,109,841
Amortisation:
At 1 April 2015
280,340
-
280,340
Amortisation charge
133,903
-
133,903
At 31 March 2016
414,243
-
414,243
Amortisation
123,944
-
123,944
At 31 March 2017
538,187
-
538,187
Carrying amount:
As at 31 March 2017
244,060
327,594
571,654
As at 31 March 2016
341,535
251,750
593,285
During the financial year, the Commission acquired computer software with aggregate
cost of $102,313 (2016 : $5,778). Cash payments of $26,469 (2016 : $5,778) were made to
purchase computer software and $75,844 (2016 : $Nil) remains unpaid at the end of the
reporting period.
Development work-in-progress relates to Knowledge Management System and NetApp
SAN Storage.
COMPETITION COMMISSION OF SINGAPORE
72