NOTES TO THE FINANCIAL STATEMENTS
15. Intangible assets:// CONTINUED 15.2 Other intangible assets
Policies
Other intangible assets are initially measured at cost, and subsequently stated at cost less any accumulated amortisation and impairment losses. Software, customer intangibles, and trade names have been assessed as having a finite life greater than 12 months, and are amortised from the date the asset is ready for use on a straight line basis over its estimated useful life. The estimated useful lives (years) are as follows: Software 2 – 36 Customer intangibles 3 – 20 Trade names 20 Easements are not amortised, but are tested for impairment at least annually as part of the assessment of the carrying values of assets against the recoverable amounts of the operating segments to which they have been allocated.
16. Property, plant and equipment (PPE)://
ELECTRICITY AND GAS METERS $000
LAND, BUILDINGS AND IMPROVEMENTS $000
COMPUTER AND TELCO EQUIPMENT $000
OTHER PLANT AND EQUIPMENT $000
CAPITAL WORK IN PROGRESS $000
DISTRIBUTION SYSTEMS $000
TOTAL $000
Carrying amount 1 July 2015
3,257,940 393,683
163,590 188,705
101,231
106,149
107,283 4,129,876 107,283 5,454,135
Cost
4,167,244 (909,304)
621,102 (227,419)
185,702 184,099
Accumulated depreciation
(25,115)
(84,471)
(77,950)
– (1,324,259)
Additions
–
– –
– –
– –
– –
342,272 342,272
Transfers – Intangible assets
(34,292) 185,267
(30,053)
(64,345)
Transfers – Other
66,685
7,455
12,818
22,138 (294,363)
–
Disposals
(3,475)
(43)
–
(31)
(405)
–
(3,954)
Sale of discontinued operations Depreciation for the period Carrying amount 30 June 2016
(543,603) (109,690)
(199)
(431)
(111)
(6,568) (6,685)
(10,084)
(560,996)
(40,637)
(3,455)
(12,195)
– (172,662)
2,752,147 419,489 3,609,898 684,310
167,159 101,712 114,629 115,055 3,670,191 195,249 196,854 200,682 115,055 5,002,048
Cost
Accumulated depreciation
(857,751)
(264,821)
(28,090)
(95,142)
(86,053)
– (1,331,857)
Additions
– – –
– – –
–
–
2,500 367,441 369,941
Acquisition of business
800
203
1,903
–
2,906
Transfers – Intangible assets
–
–
–
(26,612)
(26,612)
Transfers – Other
221,824
73,044
8,388
17,285
24,010 (344,551)
–
Disposals
(4,022)
–
(7)
(99)
–
–
(4,128)
Depreciation for the period Carrying amount 30 June 2017
(108,085)
(43,636)
(3,856)
(11,211)
(8,055)
– (174,843)
2,861,864 448,897 3,818,393 755,975
172,484 107,890 134,987 111,333 3,837,455 204,660 208,870 229,095 111,333 5,328,326
Cost
Accumulated depreciation
(956,529)
(307,078)
(32,176)
(100,980)
(94,108)
– (1,490,871)
98
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