Bradken Limited Annual Report 2015 - page 87

BRADKEN LIMITED ANNUAL REPORT 2015 l 52
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
30 June 2015
(continued)
6 Profit from ordinary activities (continued)
Expenses (continued)
2015
2014
$'000
$'000
Net loss on disposal of property, plant and equipment
924
136
Rental expense relating to operating leases
Minimum lease payments
9,980
9,416
Total rental expense relating to operating leases
9,980
9,416
Research and development
20,600
17,005
Warranty
4,880
5,866
Stock Obsolescence
1,122
1,143
464
(215)
Employee benefits expense
350,387
377,597
7 Significant items
2015
2014
Notes
$'000
$'000
Gains
(a)
-
13,339
(b)
2,209
-
2,112
-
1,671
-
22,812
-
28,804
13,339
Expenses
(c)
50,531
21,626
(d)
55,823
19,535
(e)
167,182
-
(f)
1,913
6,500
1,330
-
36,008
-
312,787
47,661
283,983
34,322
Impairment of goodwill and intangible assets
Inventory valuation adjustment *
* Change of overhead allocation rates following the Unibis ERP system
implementation in Canada.
Impairment of investment in Austin Engineering Limited
Total of significant (gains) and expenses
Net gain on sale of Chehalis property
Due dilligence, acquisition and legal costs
Impairment of property, plant & equipment
Costs recovery associated with the Pala
legal case and judgement
Insurance recoveries in relation to Runcorn fire
Net gain on sale of Mittagong property
Manufacturing reorganisation
Net bad and doubtful debts expense (revenue) including
movements in doubtful debts provision
Net gain on sale of Bassendean property
1...,77,78,79,80,81,82,83,84,85,86 88,89,90,91,92,93,94,95,96,97,...131
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