annual report 2011

IOOF | annual report 2011
Notes to the financial statements (cont’d)
For the year ended 30 June 2011
17 Property and equipment
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Cost or deemed cost 41,225 34,385 - 78
Accumulated depreciation (28,672) (26,220) - (78)
12,553 8,165 - -
Carrying value
Office equipment
Consolidated
Leasehold
improvements
Equipment under
finance lease
Total
$’000 $’000 $’000 $’000
Balance at 1 July 2009 6,244 6,173 204 12,621
Acquisitions through business combinations 26 - - 26
Additions 716 370 51 1,137
Disposals (108) (571) - (679)
Depreciation/amortisation (2,636) (2,174) (130) (4,940)
Balance at 30 June 2010 4,242 3,798 125 8,165
Balance at 1 July 2010 4,242 3,798 125 8,165
Additions 4,560 3,821 - 8,381
Disposals (236) (17) (7) (260)
Depreciation/amortisation (2,304) (1,343) (86) (3,733)
Balance at 30 June 2011 6,262 6,259 32 12,553
18 Goodwill
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Cost 496,465 496,465 - -
Accumulated impairment (4,609) (4,609) - -
491,856 491,856 - -
Consolidated
2011 2010
$’000 $’000
Carrying value 491,856 479,455
Derecognition of non-controlling interests subject to buy-back (i) - 12,401
Balance at 30 June 491,856 491,856
(i) The derecognition of non-controlling interests subject to buy-back relates to agreements entered into prior to 1 July 2009.
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