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ASSET MANAGEMENT
ASADA’s non-financial assets are mainly the computer hardware and software needed to deliver activities, and leasehold improvements.
Under the Australian Government’s net cash funding reforms, 2010–11 reflected the initial year of the move from the funding of ongoing capital requirements based on annual depreciation to the provision of approved Departmental Capital Budgets (DCBs) based on agreed capital requirements. ASADA is currently completing an updated Capital Management Plan (CMP) aimed at ensuring a sustainable asset replacement strategy which provides adequate planning and resources to replace assets as they come to the end of their useful lives.
A stocktake of fixed and intangible assets in 2010–11 confirmed their location and condition.