Page 34 - Annual Report 2018

e amount of anIfathsseerte(coorvcearsahb-lgeeanmeroautintgoufnaint)aisseesti(moratceadsht-ogebneelerastsinthgaunnits) icsaerrsytimngaatemdotuonbt,etlheessctahrrayninitgsacmaroryuintgoafmount, the carr
enerating unitt)hiseraesdsuetce(cdatsoh-igtsenrecroavtienrgabulneita)misoruendtu.cAenditmopitasirrmeceonvtelroasbsleisarmecougntis.eAdniinmpraoifrimt oernltolsosssimismrecdoiagtneilsye,d in profit or loss i
nt asset is carruiendleasst ftahier vrealeuvea, nint awshsiecthiscacsaerrtiehde aimt fpaairirvmaelunet,lionsswihsitcrheactaesde athseairmevpaliurmateionnt dloescsriesatsre.ated as a revaluation decrease. Notes to the nancial statements (continued)
cal accountingNeostteim3.ates anCdritjuicdagl eamcceonutnst(incognetsintiumeadt)es and judgements (continued) For the year ended 30 June 2018
sets (continueIdm)pairment of assets (continued)
ment loss subNsWoeqhteuere3en.talCnyrrimetivcpearlisreamsc,ectnhoteuloncsatsirnrsyguibnesgseatqimumeoanutnelytsoreaf vtnehdresjeausd,setghte(mccaaesrhnr-ytgsine(gnceaormnatoiinungnutueondfi)tt)hise ianscsreta(sceadshto-gtehneereavtinsegdunit) is increased t coverable amoeustnitm, batuet ofniltystroecthoeveerxatbelnetatmhaotutnhte, binuctroeanslyedtoctahrreyeinxgteanmt othuantttdhoeeisncnroetaesexcdeceadrrtyhiengcarmryoinugntadmooeusnntottheatxceed the carry
Impairment of assets (continued)
determined hwaodunldo himavpeaibrmeeenndt elotessrmbeineendrehcaodgnoisiemdpfoairrmthenatslsoests(bceasehn-grecnoegrnatisinegd ufonritt)hine apsrsioert y(ceasrhs.-gAerneevreartsinalgoufnaint) in prior years is recognisedWiinmhepreaoiafrinmtiomernpltaoilrsomssesimnitsmlorsescdosiaugtbnesielsyqe,udueninltelypsrsreovtfehirtesoersre,lteohvseascniamtrramyisnsegedatimaistoeculany,rtruoifentdlheeasstasftsaheiert (vrcealseuhve-ga,eninteawrashtsiinecgthuiscnacitsa)erisrtiehncderearaetsvfeadirrstoavlatholeufe, in which case
revised estimate of its recoverable amount, but only to the extent that the increased carrying amount does not exceed the
oss is treated athseairmevpaliurmateionnt ilnocssreisastere. ated as a revaluation increase.
carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating
unit) in prior years. A reversal of an impairment loss is recognised in pro t or loss immediately, unless the relevant asset is
rement Fair value measurement
carried at fair value, in which case the reversal of the impairment loss is treated as a revaluation increase.
pany'sassetsaSonmdleiaobfiltithiescaormepmaenay'ssuaressdeatstfaanirdvlialbuielitfioersfainreanmcieaalsruerpeodrtaintgfapiruvrpalousesfo.rThfienabnocaiardlroefpdoirteinctgoprsurposes.Theboardofdir
ppropriate valSudoaemttieoeronmf tehinecehcnothmiqepuaenpsyp’asrnaodspsrienitasptaeuntvdsaflliouarbaitfliaitoiernsvtaerlecuhmenemiaqseuaersesudaraentmdfaeiinrnpvtausl.utse for fnaairncvialurepmorteinagsupruerpmoseenst.sT.he board of directors determine the appropriate valuation techniques and inputs for fair value measurements.
Fair value measurement
rements are caFtaeirgovarilsuedminetaosLuerevemle1n,t2soare3cbaatesegdoroisnetdhientdoeLgerevelt1o,w2hoirch3tbhaeseindpountstthoetdhegfraeier vtaoluwehmicheatshuereinmpuentststo the fair value m Fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the fair value
nd the significanreceobosfetrhveabinlepuatnsdtothtehesifganirifivcalnuceemoefatshuereinmpuentsttion tithseefnatiirrevatylu, wehmicehasaureredmeescnrtibineditsaesnfotilrloetwy,s:which are described as fo measurements are observable and the signi cance of the inputs to the fair value measurement in its entirety, which are
described as follows:
• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at
utsarequotedp●riceLse(vuenla1dijnupstuetds)airneaqcutiovteemdparkiceets(fuonraidejunstticeadl)aisnsaectstioverlmiaabrilkietitessftohraitdethneticeanltaitsysceatsnoarcclieabssiliattietshtehattheentitycana the measurement date
ent date measurement date
• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability,
either directly or indirectly
uts are inputs, o●therLtehvaenl 2quinoptuetdsparieceinspinuctlsu,doethdewrithainLqeuvoetle1d, pthraicteasriencolbusderdvawbiltehfinorLtehvela1s,sethtaotraliraeboilbitsye, revitahbeler for the asset or liab
• Level 3 inputs are unobservable inputs for the asset or liability.
ndirectly
uts are unobserv●ableLeinveplu3tsinfopruths earaessuentoobrsleiarvbailbitlye. inputs for the asset or liability.
fair value of aIn aessteimt oatrinagliathbeiliftayi,rtvhaeluceomofpanyasusetsomr arlkiaebt-iolibtys,etrhveabcolemdpaatanytousthees mexatreknett-itobissaevravailbableled.aWtahteorethLeveexlte1nt it is available ailable, the coimnpuatnsyaernegnaogteasvtahiilradblpea,rtthyeqcuoamlifpieadnyvaelnugearsgetos tpheirdfoprmartyhequvaliufiaetdiovna.luers to perform the valuation.
directly or indirectly
In estimating the fair value of an asset or a liability, the company uses market-observable data to the extent it is available. Where Level 1 inputs are not available, the company engages third party quali ed valuers to perform the valuation.
Note 4. Revenue from ordinary activities
enue from ordNinoatrey4a.ctivitieRsevenue from ordinary activities
2018 2017 2018 $$$
es:
ssions ment fund
Operating activities:
- gross margin
- services commissions
- fee income
- market development fund
2,152,218 110,522 131,440
20,000 2,414,180
19,332 60,020 1,227
80,579 2,494,759
2018
1,959,500 129,346 150,055
26,250 2,265,151
11,508 65,514
- 77,022
2,342,173
2017
2,152,218 110,522 131,440
20,000 2,414,180
19,332 60,020 1,227
80,579 2,494,759
2018
m operating aTcotitvailtiresvenue from operating activities
ctivities: Non-operating activities: d - interest received
- rental revenue
motor vehicle- profit on sale of motor vehicle
m non-operatTinogtaalcrteivietnieuse from non-operating activities omordinaryaTcotitvaitlireesvenuesfromordinaryactivities
enses Note 5. Expenses
32.
2018 Annual Report