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Note 13

Intangible assets

Group

Parent

2015

$000s

2014

$000s

2015

$000s

2014

$000s

Intangible assets

At cost

2,082

1,818

1,955

1,419

Accumulated amortisation

(429)

(447)

(401)

(155)

Net carrying amount

1,653

1,371

1,554

1,264

Intangible assets reconciliation

At 1 July, net of accumulated amortisation

1,371

1,119

1,264

1,054

Additions

546

434

535

365

Impairment of Intangible assets

-

(18)

-

-

Amortisation charge for the year

(264)

(164)

(245)

(155)

At 30 June, net of accumulated amortisation

1,653

1,371

1,554

1,264

Intangible asset additions during the year include investment into redevelopment of Tourism New Zealand’s corporate website and

intranet, and further enhancements made to Tourism New Zealand’s and Qualmark’s new finance and HR system implemented on 1

July 2013. The corporate website went online in June 2015 and the intranet went live in July 2015.

Visitor Information Network Incorporated’s extranet software was assessed to be obsolete as of 31 August 2013 and an investment was

made into BookIt Software. This software was implemented on 1 July 2014. It’s remaining assets relate to the Public campaign website.

Note 14

Accommodation bonds

Accommodation bonds are refundable deposits or key money paid for the lease of office and housing premises.

Group

Parent

2015

$000s

2014

$000s

2015

$000s

2014

$000s

Japan

146

137

146

137

North America

18

-

18

-

Asia

116

120

116

120

280

257

280

257

Note 15

Creditors and other payables

Payables are non-interest bearing and are normally settled on 30-day terms, therefore the carrying value of creditors and other

payables approximates their fair value.

Group

Parent

2015

$000s

2014

$000s

2015

$000s

2014

$000s

Creditors

1,387

941

1,358

875

Accrued expenses

4,421

2,236

4,347

2,126

5,808

3,177

5,705

3,001

60