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Accounting Policy
Depreciation and amortisation
Accounting policies for depreciation and amortisation refer to note 7(c).
Accounting Policy
Recoveries and expenses associated with rail access related incidents
Income attributable to insurance or other recoveries arising from rail access related incidents is only
recognised where a contractual agreement is in place and receipt of amounts outstanding is virtually
certain. Costs of rectification are recognised when incurred.
Where the Group has suffered damage to its rail network due to other parties, the recourse is
commercial negotiation and, if not successful, legal proceedings are initiated, as appropriate.
Potential liabilities and assets are reviewed throughout the year and finalised at reporting date for
inclusion in the financial statements. Inclusion of liabilities or assets relating to rail access related
incidents occurs where the Group can reliably measure costs or recoveries.
Consolidated
2017
$’000
2016
$’000
Depreciation
Buildings
1,044
1,013
Plant and equipment
180,066
183,525
181,110
184,538
Amortisation
Computer software
2,754
2,355
Land rights
946
825
Other
3,772
3,772
7,472
6,952
Consolidated
2017
$’000
2016
$’000
Expenses - Incident cost
18,891
7,109
Other income - Incident and insurance recovery
4,909
2,508
13,982
4,601
(d) Depreciation and amortisation
(e) Net incident cost
77
NOTE 5
INCOME AND EXPENSES (CONTINUED)