2011-2012 Annual Report - Full Version - PDF - Palmerston North ...

Note 16Intangible assetsCouncilGroupComputer Computer Athletic Carpark Total TotalSoftware Licences Track Leases$000 $000 $000 $000 $000 $0002012BALANCE AT 1 JULY 2011Cost 3,859 156 675 1,016 5,706 5,800Accumulated amortisationand impairment (2,040) (66) (675) (61) (2,842) (2,928)Opening carrying amount 1,819 90 - 955 2,864 2,872Financial Statements Note 16YEAR ENDED 30 JUNE 2012Additions 119 69 - - 188 189Amortisation charge (607) (54) - (20) (681) (684)Disposals cost - - - - - (12)Disposal accumulated amortisation - - - - - 12Closing carrying amount 1,331 105 - 935 2,371 2,377BALANCE AT 30 JUNE 2012Cost 3,978 225 675 1,016 5,894 5,977Accumulated amortisationand impairment (2,647) (120) (675) (81) (3,523) (3,600)Closing carrying amount 1,331 105 - 935 2,371 2,3772011BALANCE AT 1 JULY 2010Cost 3,794 85 675 1,016 5,570 5,657Accumulated amortisationand impairment (1,476) (31) (600) (40) (2,147) (2,231)Opening carrying amount 2,318 54 75 976 3,423 3,426YEAR ENDED 30 JUNE 2011Net additions 65 71 - - 136 143Amortisation charge (564) (35) (75) (21) (695) (697)Closing carrying amount 1,819 90 - 955 2,864 2,872BALANCE AT 30 JUNE 2011Cost 3,859 156 675 1,016 5,706 5,800Accumulated amortisationand impairment (2,040) (66) (675) (61) (2,842) (2,928)Closing carrying amount 1,819 90 - 955 2,864 2,872◊Computer software includes software andsystems under development of $nil (2011 $nil).◊No intangible assets are pledged as security forliabilities (2011 $nil).◊The carpark leases are for the lease of carparksfor a period of 999 years with amortisation overthe life of the carpark.◊There are no restrictions over the title ofintangible assets except for the athletic track.The athletic track is on third party land with thecost reflecting PNCC construction cost. PNCC hasa long term access agreement for residents.164Palmerston North City Council Annual Report 2011/12