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(b) Cash generating assets
Cash generating assets are assets held with the primary objective of generating a commercial return. Except for those measured
under the revaluation model or those measured at fair value through surplus or deficit, the Trust assesses non-financial cash
generating assets at each reporting date whether there is any indication that an asset may be impaired. If any such indication
exists, the Trust shall estimate the recoverable amount of the asset. The recoverable amount is the higher of the asset’s value in
use or fair value less costs to sell. Any impairment loss is recognised immediately in the surplus or deficit.
If in a future period, there is an indication that an impairment loss recognised in prior periods may no longer exist or may have
decreased, the Trust will perform an assessment of the recoverable amount of that asset. If the Trust determines that there has
been a change in the estimates used to determine the asset’s recoverable service amount, the assets carrying amount shall be
increased to its recoverable amount and the reversal of the impairment loss recorded directly in surplus or deficit. The reversal is
limited so that the carrying amount does not exceed its recoverable amount, nor exceed the carrying amount that would have
been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years.
(c) Non-cash generating assets
Except for those that are measured under the revaluation model or those measured at fair value through profit or loss, the Trust
assesses non-financial non-cash generating assets at each reporting date whether there is any indication that an asset may be
impaired. If any such indication exists, the Trust shall estimate the recoverable service amount of the asset. The recoverable
service amount is the higher of the asset’s value in use or fair value less costs to sell. Any impairment loss recognised is
recognised immediately in surplus or deficit.
If in a future period, there is an indication that an impairment loss recognised in prior periods may no longer exist or may have
decreased, the Trust will perform an assessment of the recoverable service amount of that asset. If the Trust determines that
there has been a change in the estimates used to determine the asset’s recoverable service amount, the assets carrying amount
shall be increased to its recoverable service amount and the reversal of the impairment loss recorded directly in surplus or
deficit. The reversal is limited so that the carrying amount does not exceed its recoverable service amount, nor exceed the
carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset
in prior years.
3 TOTAL REVENUE
Consolidated
2016
$'000
2015
$'000
Revenue from operating activities
Rental revenue
35,397
35,247
Amortisation of capitalised lease incentives
(409)
(340)
Hotel revenue
40,894
37,928
Fishing revenue
1,390
1,611
Dairy revenue
725
889
Other revenue
3,610
7,248
Revenue from operating activities
81,607
82,583
Other operating revenue
Other operating gains livestock
210
539
Dividends from unlisted investments
350
481
Dividends from listed investments
949
415
Total operating revenue
1,509
1,435
Total revenue
83,116
84,018