GCS ANNUAL REPORT 2014

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014
a. Assets in the course of construction
The carrying amounts of the assets disclosed above include the following expenditure recognised in relation to land, plant and rental equipment which is in the course of construction.
Assets in the course of construction
Plant and rental equipment 59 276
59 276
Assets in the course of construction are not depreciated. Depreciation is recognised from when the asset is ready for use.
b. Leased assets
Plant and rental equipment includes the following amounts where the Group is a lessee under a finance lease or hire purchase agreement.
Net carrying amount 84,874 89,904
2014
$’000
2013
$’000
NOTE 13. INTANGIBLE ASSETS
a. Intangible asset movement
Customer
Other
Goodwill Contracts Intangibles
Total
30 June 2013
$’000
$’000
$’000
$’000
Opening net book amount as at 1 July 2012 58,535 1,499 123 60,157
Amortisation expense - (1,069) - (1,069)
Closing net book amount as at 30 June 2013 58,535 430 123 59,088
Cost 58,535 2,750 184 61,469
Accumulated amortisation and impairment - (2,320) (61) (2,381)
Closing net book amount as at 30 June 2013 58,535 430 123 59,088
30 June 2014
Opening net book amount as at 1 July 2013 58,535 430 123 59,088
Amortisation expense - (430) (49) (479)
Closing net book amount as at 30 June 2014 58,535 - 74 58,609
Cost 58,535 2,750 184 61,469
Accumulated amortisation and impairment - (2,750) (110) (2,860)
Closing net book amount as at 30 June 2014 58,535 - 74 58,609
GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014
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