AJ Lucas Group annual report 2007-08
AJ Lucas Group annual report 2007-08
AJ Lucas Group annual report 2007-08
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15. Intangible Development assets<br />
Gas assets<br />
$’000<br />
Consolidated<br />
Cost<br />
Balance at 30 June 2006 — 2,276 2,276<br />
Acquisitions — 92 92<br />
Balance at 30 June <strong>2007</strong> — 2,368 2,368<br />
Acquisitions — 126 126<br />
Transferred from exploration assets 14,462 — 14,462<br />
Balance at 30 June 20<strong>08</strong> 14,462 2,494 16,956<br />
Amortisation and impairment losses<br />
Balance at 30 June 2006 — 1,140 1,140<br />
Amortisation for the year — 182 182<br />
Balance at 30 June <strong>2007</strong> — 1,322 1,322<br />
Amortisation for the year — 182 182<br />
Balance at 30 June 20<strong>08</strong> — 1,504 1,504<br />
Carrying amounts<br />
At 1 July 2006 — 1,136 1,136<br />
At 30 June <strong>2007</strong> — 1,046 1,046<br />
At 1 July <strong>2007</strong> — 1,046 1,046<br />
At 30 June 20<strong>08</strong> 14,462 990 15,452<br />
Other<br />
$’000<br />
Total<br />
$’000<br />
16. Other INTANGIBLE ASSETS<br />
Customer<br />
Relationships<br />
$’000<br />
Goodwill<br />
$’000<br />
Consolidated<br />
Pipeline<br />
rights<br />
$’000<br />
Cost<br />
Balance at 1 July 2006 — 5,432 1,786 7,218<br />
Acquisitions—through business combinations 4,758 — — 4,758<br />
Balance at 30 June <strong>2007</strong> 4,758 5,432 1,786 11,976<br />
Acquisitions—through business combinations 5,505 2,559 — 8,064<br />
Balance at 30 June 20<strong>08</strong> 10,263 7,991 1,786 20,040<br />
Amortisation and impairment losses<br />
Balance at 1 July 2006 — 607 — 607<br />
Amortisation for the year 1,785 — — 1,785<br />
Impairment loss — 993 1,786 2,779<br />
Balance 30 June <strong>2007</strong> 1,785 1,600 1,786 5,171<br />
Amortisation for the year 2,590 — — 2,590<br />
Balance at 30 June 20<strong>08</strong> 4,375 1,600 1,786 7,761<br />
Carrying amounts<br />
At 1 July 2006 — 4,825 1,786 6,611<br />
At 30 June <strong>2007</strong> 2,973 3,832 — 6,805<br />
At 1 July <strong>2007</strong> 2,973 3,832 — 6,805<br />
At 30 June 20<strong>08</strong> 5,888 6,391 — 12,279<br />
Total<br />
$’000<br />
a year of milestones 45