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Note 12

Intangible assets

Group

Parent

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Intangible assets

At cost

2,200

2,095

2,015

1,969

Accumulated amortisation

(1,078)

(759)

(1,002)

(712)

Net carrying amount

1,123

1,336

1,013

1,257

Intangible assets reconciliation

At 1 July, net of accumulated amortisation

1,336

1,653

1,257

1,554

Additions

105

14

46

14

Impairment of Intangible assets

-

-

-

-

Amortisation charge for the year

(319)

(331)

(290)

(311)

At 30 June, net of accumulated amortisation

1,123

1,336

1,013

1,257

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

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Japan

122

137

122

137

North America

46

47

46

47

Asia

162

166

162

166

New Zealand

78

-

78

-

408

350

408

350

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

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Creditors

977

1,137

886

1,088

Accrued expenses

3,655

3,569

3,582

3,490

4,632

4,706

4,468

4,578

62