How to consolidate
- for corporations registered under the Financial Sector (Collection of Data) Act 2001, report consolidated figures for all related corporations within the same RFC category.
- for other corporations, report consolidated figures for all related corporations within the same ANZSIC class.
Valuation
Use one of the following valuation methods:
- the capital cost of new goods.
- the written-down value of goods re-leased.
- the purchase price of second-hand goods.
- in the case of finance leases, where the full value of the goods under lease is not financed by one corporation (e.g. partnership and syndicated leases), the value is your share of the full value, not equity participation.
- in the case of revolving lease facilities, such as master leases, report the value of goods acquired at each drawdown against such facilities. Do not report the value of commitments to provide a leasing limit or to increase a leasing limit.
Specific instructions
Part A: Value of goods financed under new lease commitments
This section asks for details of the value and type of the goods financed, or for which commitments to finance have been made, under both operating and finance lease (excluding leveraged leases) arrangements during the month.
Definitions
- a finance lease refers to the leasing or hiring of tangible assets under an agreement (other than a hire purchase agreement) which transfers from the lessor to the lessee substantially all the risks and benefits incident to ownership of the assets, without transferring the legal ownership.
- an operating lease is a lease under which the lessor effectively retains substantially all the risks and benefits incident to ownership of the leased asset. For the purpose of this survey only include details of operating leases of terms of one year or more.
- Cars, station wagons and small passenger vehicles
The depreciation limit is the maximum amount which can be depreciated for taxation purposes. This limit is revised periodically. As at 6 June 2001, the Australian Taxation Office advised the limit was $55,134.
Including:
- cars, station wagons, 4WD and forward control passenger vehicles/vans.
Excluding:
- utilities and panel vans (include in Question 2);
- buses (include in Question 6); and
- special vehicles and motor cycles/scooters (include in Question 6).
- Light trucks
Including:
- vehicles constructed primarily for the carriage of goods and not exceeding 3.5 tonnes gross vehicles mass, such as utilities, panels vans, light trucks, station wagons, 4WD vehicles and forward control vans used to carry goods.
Excluding:
- tow trucks (include in Question 6); and
- tractors, self-propelled mowers, plant and equipment (include in Questions 8-10, as applicable).
- Heavy trucks
Including:
- all vehicles with a gross combination mass rating in excess of 3.5 tonnes (this includes prime movers registered without trailers).
Excluding:
- passenger carrying trailer combinations and non-freight carrying vehicles (include in Question 6).
- Trailers, Buses/Coaches and Other Motor Vehicles
Including:
- trailers (tray and table top trailers, semi-trailers designed to connect to a prime mover, animal carriers, trailed machinery, etc.);
- buses and coaches;
- special vehicles (ambulances, hearses, tow trucks, fire engines, etc.);
- motor cycles/scooters;
- caravans (motorised and non motorised); and
- other non-freight carrying vehicles (mobile libraries, kitchens, workshops, etc.).
Excluding:
- fork lifts (include in Question 7 (iv)).
- Construction and earth moving equipment
Including:
- crawler tractors, dumpers, road rollers, earth packers, scarifiers, rippers, concrete mixers, dozers, graders, mobile cranes, concrete pumpers, etc.
- Manufacturing equipment
Including:
- all plant and equipment used in the manufacture of goods.
Excluding:
- all motor vehicles (include in Questions 1 to 6); and
- fork lifts (include in Question 7 (iv)).
- Agricultural machinery and equipment
Including:
- tractors, tillage implements, seeding, planting and fertilising equipment, agricultural mowers, harvesters, and other agricultural machinery and equipment.
Excluding:
- crawler tractors (include in Question 8).
- Electronic data processing equipment
Including:
- computers, computer peripherals, data entry systems and printers.
- Office machines
Including:
- telephone systems (including computerised PABX equipment);
- accounting and adding machines, calculators and cash registers (programmable and multifunctional); and
- duplicating and photocopying machines and Dictaphones.
- Other
Including:
- gambling machines; and
- medical equipment.