12. Intangible assets
CAPITAL WORK IN PROGRESS $M
CUSTOMER INTANGIBLES $M
EASEMENTS $M
SOFTWARE $M
GOODWILL $M
TOTAL $M
NOTE
Carrying amount 30 June 2021
2.6
18.2 18.2
75.8
1,164.1 1,275.2
31.6 31.6
1,292.3 1,710.1
Cost
13.1
372.0
Accumulated amortisation Accumulated impairment
(10.5)
– – –
(296.2)
–
– –
(306.7) (111.1)
– – – – –
– –
(111.1)
Additions Transfers
– –
49.9
49.9
0.3
25.1
(25.4)
–
Impairment
– –
–
(40.2)
– –
(40.2)
Disposals
(0.1)
–
(0.1)
Amortisation for the period Carrying amount 30 June 2022
(1.3)
–
(38.5)
–
–
(39.8)
1.3
18.5 18.5
62.3
1,123.9 1,275.2
56.1 56.1
1,262.1 1,759.0
Cost
13.1
396.1
Accumulated amortisation Accumulated impairment
(11.8)
– – –
(333.8)
–
– –
(345.6) (151.3)
– – –
– –
(151.3)
– –
39.5
39.5
Additions Transfers
0.4
72.4
(72.8)
–
Sale of discontinued operations
(0.6)
– –
(32.3)
(22.9)
(6.9)
(62.7)
5
–
–
–
–
–
Disposals
Amortisation for the period Carrying amount 30 June 2023
(0.7)
–
(30.1)
–
–
(30.8)
– – – –
18.9 18.9
72.3
1,101.0 1,252.3
15.9 15.9
1,208.1 1,576.6
289.5
Cost
– –
(217.2)
–
– –
(217.2) (151.3)
Accumulated amortisation Accumulated impairment
–
(151.3)
12.1 Goodwill
2023 $M
2022 $M
Goodwill by cash generating unit
881.0 169.2
Electricity
881.0 169.2
Gas Distribution
10.3 40.5
Natural Gas
10.3 40.5 22.9
Liquigas Metering
–
Total
1,101.0
1,123.9
Policies
Goodwill represents the excess of the consideration transferred over the fair value of Vector’s share of the net identifiable assets of an acquired subsidiary. Goodwill is carried at cost less accumulated impairment losses.
76
Vector Annual Report 2023
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