NOTES TO THE FINANCIAL STATEMENTS continued
13. Intangible assets:// CONTINUED 13.2 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.
14. Property, plant and equipment (PPE)://
LAND, BUILDINGS AND IMPROVE MENTS $M
ELECTRICITY AND GAS METERS $M
COMPUTER AND TELCO EQUIPMENT $M
OTHER PLANT AND EQUIPMENT $M
CAPITAL WORK IN PROGRESS $M
DISTRIBUTION SYSTEMS $M
TOTAL $M
Carrying amount 1 July 2016
2,752.1 3,609.9
419.5 684.3
167.2 195.2
101.7 196.8
114.6 200.7
115.1 115.1
3,670.2 5,002.0 (1,331.8)
Cost
Accumulated depreciation
(857.8)
(264.8)
(28.0)
(95.1)
(86.1)
–
Additions
– – –
– – –
–
–
2.5 1.9
367.4
369.9
Acquisition of business
0.8
0.2
–
2.9
Transfers – Intangible assets
–
–
–
(26.6)
(26.6)
Transfers – Other
221.9
73.0
8.4
17.3
24.0
(344.6)
–
Disposals
(4.0)
–
–
(0.1)
–
– –
(4.1)
Depreciation for the period Carrying amount 30 June 2017
(108.1)
(43.6)
(3.9)
(11.2)
(8.0)
(174.8)
2,861.9 3,818.4
448.9 756.0
172.5 204.7
107.9 208.9
135.0 229.0
111.3 111.3
3,837.5 5,328.3 (1,490.8)
Cost
Accumulated depreciation
(956.5)
(307.1)
(32.2)
(101.0)
(94.0)
–
Additions
–
– – –
– – –
– – –
2.5
381.2
383.7
Acquisition of business
0.6
– –
–
0.6
Transfers – Intangible assets
–
(24.9)
(24.9)
Transfers – Other
223.8
73.8
1.9
6.3
34.1
(339.9)
–
Disposals
(3.7)
–
–
–
–
– –
(3.7)
Depreciation for the period
(120.3)
(44.1)
(3.7)
(14.3)
(15.1)
(197.5)
Carrying amount 30 June 2018
2,962.3 4,028.1 (1,065.8)
478.6 829.2
170.7 206.6
99.9
156.5 265.6
127.7 127.7
3,995.7 5,663.8
Cost
206.6
Accumulated depreciation
(350.6)
(35.9)
(106.7)
(109.1)
– (1,668.1)
88
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