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S E C T I O N 1 2 : Our Financial Review

ALLIANCE ANNUAL REP ORT 2018

KEY JUDGEMENT Alliance determines the sale values used to calculate the cost of inventory by reference to: – contract sale prices, or – B3

for uncontracted inventory, the future anticipated realisable value.

INTANGIBLE A SSE T S Resource consents Group

Software

$000

Goodwill

$000

Work in progress

Total

$000

$001

Net book value at 30 September 2017 Additions Amortisation expenses

435 333 -

677 964 (605)

692 -

2,838 1,530 -

4,642 2,827 (605)

Net book value at 30 September 2018

768

1,036

692

4,368

6,864

Cost Less accumulated amortisation

768 -

5,502 (4,466)

692 -

4,368 -

11,330 (4,466)

Net book value at 30 September 2018

768

1,036

692

4,368

6,864

MEASUREMENT & RECOGNITION Costs incurred in obtaining resource consents for Alliance’s processing sites are capitalised and amortised from the granting of the consent on a straight line basis for the period of the consent. This represents a change in policy from prior years where costs incurred in obtaining resource consents were expensed as they were incurred. Resource consents are granted for periods 5-35 years Costs associated with acquiring and developing software are capitalised at cost and amortised over the life of the assets. The useful life of software is 2-15 years. Goodwill represents the future potential earnout obligation in relation to the purchase of Goldkiwi Asia Marketing PTE Limited in Singapore.

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Profile for alliance12

Annual Report 2018  

Annual Report 2018