Annual Report 2008-2009 - Department of Transport

110
25 Intangible assets
2009 2008
$ 000 $ 000
Software
at cost 34 708 34 968
Accumulated amortisation (16 842) (13 866)
17 866 21 102
Reconciliation
Reconciliations of the carrying amount of intangible assets at the beginning and end of the financial year are set out below.
Software
Carrying amount at the start of the year 21 102 21 677
Additions 161 2 603
Amortisation expense (3 397) (3 178)
Carrying amount at the end of the year 17 866 21 102
26 Construction in progress
At cost:
Vessels 24 234
Computer hardware and software 912 430
Buildings and refurbishments 3 930 3 925
Intangibles 9 951 5 905
Maritime infrastructure 10 526 7 166
25 343 17 660
Reconciliation
Reconciliations of the carrying amounts of construction in progress at the beginning and end of the financial year are set out below.
Carrying amount at the start of the year 17 660 16 128
Expenditure during the year 21 131 17 162
Non-current assets commissioned during the year (12 808) (15 278)
Amounts expensed (640) (352)
Carrying amount at the end of the year 25 343 17 660
27 Impairment of assets
The impairment losses recognised relate to assets that are no longer operational and have been decommissioned. The full amount was recognised in the income
statement, as there was no amount included in the asset revaluation reserve relating to these assets. The recoverable amount of these assets was determined by an
internal expert as its fair value less costs to sell, based on an active market.
The Department held no goodwill or intangible assets with an indefinite useful life during the reporting period.
No surplus assets have been identified at 30 June 2009 and there were no assets classified as held for sale.