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Note 12

Intangible assets

Group

Parent

2016

$000s

2015

$000s

2016

$000s

2015

$000s

Intangible assets

At cost

2,095

2,082

1,969

1,955

Accumulated amortisation

(759)

(429)

(712)

(401)

Net carrying amount

1,336

1,653

1,257

1,554

Intangible assets reconciliation

At 1 July, net of accumulated amortisation

1,653

1,371

1,554

1,264

Additions

14

546

14

535

Impairment of Intangible assets

-

-

-

-

Amortisation charge for the year

(331)

(264)

(311)

(245)

At 30 June, net of accumulated amortisation

1,336

1,653

1,257

1,554

Intangible assets include investment into redevelopment of Tourism New Zealand’s corporate website and intranet, Tourism

New Zealand’s and Qualmark’s finance and HR system, and Visitor Information Network Incorporated’s Bookit software.

Note 13

Accommodation bonds

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

Group

Parent

2016

$000s

2015

$000s

2016

$000s

2015

$000s

Japan

137

146

137

146

North America

47

18

47

18

Asia

166

116

166

116

350

280

350

280

Note 14

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

2016

$000s

2015

$000s

2016

$000s

2015

$000s

Creditors

1,137

1,387

1,088

1,358

Accrued expenses

3,569

4,421

3,490

4,347

4,706

5,808

4,578

5,705

66