How to consolidateHow to consolidate

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; or
• 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.

1. 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.

Include:

• cars, station wagons, 4WD and forward control passenger vehicles/vans.

Exclude:

• utilities and panel vans (include in Question 2);
• buses (include in Question 6); and
• special vehicles and motor cycles/scooters (include in Question 6).

2. Light trucks