Wellcom_FY11-Financial-Report

Amount 372 680 40 1 5 5129 373 5854 1694 61 3937 194

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Unformatted text preview: ations (note (c)) Depreciation charge Exchange differences Closing net book amount (372) (680) (40) (1) (5) (5,129) (373) (5,854) (1,694) (61) 3,937 (194) (4) 565 (80) (9) 196 (7) (5) 27 (1,975) (79) 4,725 At 30 June 2011 At cost Accumulated depreciation Net book amount 11,583 (7,646) 3,937 1,789 (1,224) 565 792 (596) 196 35 (8) 27 14,199 (9,474) 4,725 a) Impairment loss and compensation The impairment loss relates to the assets that were damaged in the storm (refer to note 3). b) Additions from business acquisition These additions relate to the acquisition of iPrint Corporate Pty Ltd on 30 June 2011 (refer to note 30). c) Disposals from discontinued operations These disposals relate to the sale of Kinkaid Pty Ltd on 1 July 2010 (refer to note 5). 52 Wellcom Group Limited Notes to the Consolidated Financial Statements 13. Goodwill For personal use only 2011 $’000 2010 $’000 At the beginning of the financial year Cost Accumulated impairment losses Net book amount 31,386 (137) 31,249 32,032 (137) 31,895 During the financial year Opening net book amount Additions (note 30) Disposals (note 5) Exchange differences Closing net book amount 31,249 2,633 (1,427) (547) 31,908 31,895 (646) 31,249 At the end of the financial year Cost Accumulated impairment losses Net book amount 32,045 (137) 31,908 31,386 (137) 31,249 a) Impairment testing of goodwill Goodwill is allocated to the Group’s cash-generating units (CGUs) accord...
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