Annual Report - AWB Limited

Notes to and forming part of the financial statements for the year ended 30 September 2008 AWB LIMITED11. Intangible Assets(a) Reconciliation of carrying amounts at the beginning and end of the periodConsolidated Goodwill LicencesSystemDevelopment Other Total$’000 $’000 $’000 $’000 $’000Year ended 30 September 2008Opening net book amount 515,632 1,278 22,670 10,897 550,477Acquisitions/Additions 2,823 40 3,643 910 7,416Fair value adjustment from previous year acquisition 210 - - - 210Impairment charge - - - - -Amortisation charge - (161) (15,669) (3,214) (19,044)Transfers - - (20) - (20)Disposals - (860) (16) - (876)Net foreign currency translation on foreign operations - 8 67 - 75Closing net book amount 518,665 305 10,675 8,593 538,238At 30 September 2008Cost 518,665 496 126,110 17,725 662,996Accumulated amortisation and impairment - (191) (115,435) (9,132) (124,758)Net book amount 518,665 305 10,675 8,593 538,238Year ended 30 September 2007Opening net book amount 514,788 1,328 31,522 12,448 560,086Additions 844 309 7,435 1,420 10,008Impairment charge - - - - -Amortisation charge - (198) (18,786) (2,971) (21,955)Transfers - - 2,564 - 2,564Disposal - - (12) - (12)Net foreign currency translation on foreign operations - (161) (53) - (214)Closing net book amount 515,632 1,278 22,670 10,897 550,477At 30 September 2007Cost 515,632 1,569 116,776 17,232 651,209Accumulated amortisation and impairment - (291) (94,106) (6,335) (100,732)Net book amount 515,632 1,278 22,670 10,897 550,477www.awb.com.au 75