NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2007 9. INTANGIBLE ASSETS 2007 2006 $’000 $’000 Computer software at cost 1,174 993 Accumulated amortisation (736) (529) Net carrying amount 438 464 Reconciliation of the carrying amounts of each class of intangible assets at the beginning and end of the current and previous financial period: At 1 July Cost 993 1,376 Accumulated depreciation (529) (909) Net carrying amount at 1 July 464 467 Additions 181 358 Disposals - - Amortisation charge for the year (207) (361) Net carrying amount at 30 June 438 464 10. TRADE AND OTHER PAYABLES (CURRENT) Accrued research and development expenditure 2,106 5,209 Trade and other payables 5,110 5,378 7,216 10,587 Accrued research and development relates to work completed at 30 June 2007 for which invoices have not been received. Details regarding the effective interest rate and credit risk of current payables are set out in note 19. 11. PROVISIONS Current Employee benefits in respect of: Annual leave 643 609 Long service leave 784 697 Performance based remuneration 500 584 1,927 1,890 Non-current Employee benefits in respect of: Long service leave 191 147
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