Air New Zealand 2010 Annual Report Download - page 25

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12. INTANGIBLE ASSETS
GROUP
2010
$M
GROUP
2009
$M
COMPANY
2010
$M
COMPANY
2009
$M
Intangible assets comprise:
Internally developed software 30 22 27 20
Externally purchased software 12 16 11 14
Goodwill 1 1 - -
43 39 38 34
INTERNALLY DEVELOPED SOFTWARE
Cost 117 110 113 107
Accumulated amortisation (95) (88) (93) (87)
Carrying value at the beginning of the year 22 22 20 20
Additions 17 10 15 10
Amortisation (9) (10) (8) (10)
Carrying value at end of the year 30 22 27 20
Represented by:
Cost 125 117 120 113
Accumulated amortisation (95) (95) (93) (93)
Carrying value at end of the year 30 22 27 20
EXTERNALLY PURCHASED SOFTWARE
Cost 194 191 189 187
Accumulated amortisation (178) (174) (175) (172)
Carrying value at the beginning of the year 16 17 14 15
Additions 5 7 3 7
Amortisation (7) (8) (6) (8)
Impairment losses recognised during the year (2) - - -
Carrying value at end of the year 12 16 11 14
Represented by:
Cost 186 194 180 189
Accumulated amortisation (172) (178) (169) (175)
Provision for impairment (2) - - -
Carrying value at end of the year 12 16 11 14
Goodwill was assessed for impairment as at 30 June 2010 using a value in use model. No impairment provision is considered to be required. The
discount rate applied in the value in use model as at 30 June 2010 was 10.0% (30 June 2009: 10.0%).
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2010
23