Air New Zealand 2016 Annual Report Download - page 19

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Notes to the Financial Statements (continued)
As at 30 June 2016
17
AIR NEW ZEALAND GROUP
12. Intangible Assets
Computer software acquired, which is not an integral part of a related hardware item, is recognised as an intangible asset. The costs
incurred internally in developing computer software are also recognised as intangible assets where the Group has a legal right to use
the software and the ability to obtain future economic benefits from that software. Acquired software licences are capitalised on the
basis of the costs incurred to acquire and bring to use the specific software. These assets have a finite life and are amortised on a
straight-line basis over their estimated useful lives of three to six years.
INTE RNALLY
DEVELOPED
SOFTWARE
$M
EXTERN ALLY
PURCHASED
SOFTWARE
$M
CAPITAL
WORK IN
PROGRESS
$M
OTHER
$M
TOTAL
$M
2016
Carrying value as at 1 July 2015
80 4
17 1
102
Additions
Amortisation
Transfers
-
(26)
40
-
(2)
3
53
-
(43)
-
-
-
53
(28)
-
Carrying value as at 30 June 2016
Represented by:
Cost
Accumulated depreciation
94
273
(179)
5
158
(153)
27
27
-
1
1
-
127
459
(332)
Carrying value as at 30 June 2016 94 527 1127
2015
Cost
Accumulated depreciation
Provision for impairment
205
(133)
-
165
(159)
-
7
-
-
3
(1)
(1)
380
(293)
(1)
Carrying value as at 1 July 2014
Additions
Disposal of subsidiaries
Amortisation
Transfers
72
-
(1)
(22)
31
6
-
-
(3)
1
7
42
-
-
(32)
1
-
-
-
-
86
42
(1)
(25)
-
Carrying value as at 30 June 2015
Represented by:
Cost
Accumulated depreciation
80
234
(154)
4
157
(153)
17
17
-
1
1
-
102
409
(307)
Carrying value as at 30 June 2015 80 417 1102