❓ A WA parliamentary question seeks information on the State Development portfolio's management of intellectual property assets, including registers, valuation practices, and financial reporting. The answer provides details on software, maps, and publications, but notes that some assets, like drill core, are not valued due to a lack of reliable valuation methods.
AnsweredQoN 441Legislative Council
QuestionView source ↗
(1) Do the respective Departments or Agencies within your portfolio maintain a current register which lists the assets comprising the Intellectual Property of the respective Departments or Agencies?
(2) If not, why not?
(3) Are these assets valued on an annual basis?
(4) If not, why not?
(5) What is the capital value of these assets?
(6) Do the assets comprising the Intellectual Property of these Departments or Agencies appear in their respective balance sheets or Annual Reports?
(7) Will you table a copy of the respective registers?
(8) If not, why not?
(2) If not, why not?
(3) Are these assets valued on an annual basis?
(4) If not, why not?
(5) What is the capital value of these assets?
(6) Do the assets comprising the Intellectual Property of these Departments or Agencies appear in their respective balance sheets or Annual Reports?
(7) Will you table a copy of the respective registers?
(8) If not, why not?
AnswerView source ↗
Answered
6 May 2003
Responded by
Parliamentary Secretary representing the Minister for State Development
Response time
62 days
(1) Yes (2) N/A (3) Major software developed and owned by the agency is capitalised at cost and depreciated annually, and inventory of maps and publications is increased as new stocks come on stream, and decreased annually when obsolete stocks are written off. Other Intellectual Property assets such as the inventory of drill core retained by the Department is not valued as there is no reliable method of determining values. (4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(2) N/A (3) Major software developed and owned by the agency is capitalised at cost and depreciated annually, and inventory of maps and publications is increased as new stocks come on stream, and decreased annually when obsolete stocks are written off. Other Intellectual Property assets such as the inventory of drill core retained by the Department is not valued as there is no reliable method of determining values. (4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(3) Major software developed and owned by the agency is capitalised at cost and depreciated annually, and inventory of maps and publications is increased as new stocks come on stream, and decreased annually when obsolete stocks are written off. Other Intellectual Property assets such as the inventory of drill core retained by the Department is not valued as there is no reliable method of determining values. (4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(8) N/A.
(2) N/A (3) Major software developed and owned by the agency is capitalised at cost and depreciated annually, and inventory of maps and publications is increased as new stocks come on stream, and decreased annually when obsolete stocks are written off. Other Intellectual Property assets such as the inventory of drill core retained by the Department is not valued as there is no reliable method of determining values. (4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(3) Major software developed and owned by the agency is capitalised at cost and depreciated annually, and inventory of maps and publications is increased as new stocks come on stream, and decreased annually when obsolete stocks are written off. Other Intellectual Property assets such as the inventory of drill core retained by the Department is not valued as there is no reliable method of determining values. (4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(4) As explained at (3) above the only items not valued on an annual basis are those where there is no reliable basis for determining values. (5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(5) As at 30 June 2002: Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
Computer Software $362 000 Inventory of maps and publications $3 305 000 (6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(6) Yes, for those items valued. (7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(7) Inventory of maps and publications available on agency website at www.doir.wa.gov.au. Capitalised software at written down values includes: Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
Financial Management Information System- upgrade $300 000 Other systems (many items but nearing end of life) $ 62 000 (8) N/A.
(8) N/A.
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