A WA parliamentary question on notice from 2003 investigates whether government departments and agencies maintain registers of their intellectual property assets, value them annually, and include them in financial reports. The responses vary across different entities, revealing inconsistencies in IP asset management practices.

AnsweredQoN 419Legislative Council
Asked
5 March 2003
Portfolio
Government Enterprises

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?

AnswerView source ↗

Answered
3 April 2003
Responded by
Minister for Government Enterprises
Response time
29 days
(2) Gold Corporation is in the process of an Intellectual Property review, which it hopes to complete by the end of the 2002/03 financial year. (3) Not Applicable (4) Not Applicable (5) Not Applicable (6) Not Applicable (7) Not Applicable (8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(3) Not Applicable (4) Not Applicable (5) Not Applicable (6) Not Applicable (7) Not Applicable (8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(4) Not Applicable (5) Not Applicable (6) Not Applicable (7) Not Applicable (8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(5) Not Applicable (6) Not Applicable (7) Not Applicable (8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(6) Not Applicable (7) Not Applicable (8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(7) Not Applicable (8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(8) Not Applicable GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
GOVERNMENT EMPLOYEES SUPERANNUATION BOARD (1) No. (2) Any intellectual property owned is single purpose software developed in-house, with no external value, and is therefore not recorded separately, but included on a cost basis with other software assets in the financial statements. (3) Yes. Valued on a written down cost basis. (4) Not applicable - see (3). (5) This information is not recorded separately. (6) Yes, but not itemised separately. (7) Not applicable – see (1). (8) Not applicable – see (7). INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
INSURANCE COMMISSION OF WA (1) Major in-house developed computer applications are treated as assets and are recorded on the Insurance Commission's asset register. (2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(2) Not Applicable. (3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(3) Intellectual Property assets identified in (1) above are depreciated over their expected life of four years and valued in the Annual Report at their corresponding written down value. (4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(4) Not Applicable. (5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(5) All identified Intellectual Property assets are currently fully depreciated and carried in the register at zero value. (6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(6) Yes, at their written down value. (7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(7) An extract of the assets register showing the Intellectual Property assets could be produced on request, if required. (8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
(8) Not Applicable. LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
LOTTERY COMMISSION 1. The Lotteries Commission maintains a register of intellectual property. 2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
2. N/A 3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
3. The majority of listings in the Intellectual Property Register are not valued on an annual basis. However, the development costs associated with internally developed software were brought to account at costs as per AASB 'Accounting for Research and Development' and amortised as per accounting standard AASB1021 'Depreciation'. 4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
4. There is no accounting standard that deals specifically with the valuation of Intangible Assets, and there is no active market to prudently gauge the values of the intangible assets contained in the Commission's asset register. 5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
5. The development costs of the internally developed software systems of Monty [grants information management system], OASIS [Retailer information management system], Player Registration Services and LC-Assist [customer information and management system] were brought to account as per AASB 1001 'Accounting for Research and Development'. These have then been amortised as per AASB 1021 'Depreciation'. The current holding value of these assets is now zero, as they have been fully amortised. Revaluation of these assets is not deemed to be prudent as there is no active market to use to gauge the values. The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
The other intangible assets in the intellectual property register have no capital value as there is no active market to use to gauge the values. 6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
6. Internally developed software appeared in the Lotteries Commission's Balance Sheet and Annual Reports up to the time they were fully amortised. 7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
7. See tabled paper 8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
8. N/A WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.
WATER CORPORATION (1) Yes (2) Not applicable (3) No (4) Register maintains a list of inventions, trademarks and patents that are not currently valued. (5) Not known (6) No (7) No (8) Items listed in the register are Commercial in Confidence.

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