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Forest NSW Annual Report 2012

Forests NSW Consolidated Annual Financial Reports Year ended 30 June 2012 ABN 43 141 857 613 Notes to and forming part of the financial statements For the year ended 30 June 2012 Note 13: Investment Assets Economic Economic Statutory Statutory Entity Entity Corporation Corporation 2012 2011 2012 2011 $'000 $'000 $'000 $'000 Investment assets at the beginning of the year 7652 7477 7652 7477 Additions - - - - Disposals (193) (38) (193) (38) Transfer from Buildings/land 96 - 96 Transfer to Buildings/land (150) 213 (150) 213 Net gain/(loss) from fair value adjustment (560) - (560) - Investment assets at the end of the year 6845 7652 6845 7652 Note 14: Investments in Subsidiaries Economic Economic Statutory Statutory Entity Entity Corporation Corporation 2012 2011 2012 2011 Notes $'000 $'000 $'000 $'000 Investments in controlled entities at cost 26 - - - 4578 Less Impairment of Subsidiary   - - - (4578) Investments in controlled entities - at cost   - - - - Note 15: Intangibles (a) Reconciliation of the opening and closing balances of intangibles Software Goodwill Total Economic Entity Notes $’000 $’000 $’000 Gross value at 1 July 2010   1093 1319 2412 Accumulated amortisation and impairment   (119) (1319) (1438) Fair value at 1 July 2010   974 - 974           Additions   - - - Amortisation   (218) - (218) Impairment   - - - Fair value at 30 June 2011   756 - 756           Gross value at 1 July 2011   1093   1093 Accumulated amortisation and impairment   (337)   (337) Fair value at 1 July 2011   756 - 756           Additions   - - - Amortisation   (219) - (219) Impairment   - - - Fair value at 30 June 2012   537 - 537           Gross book value   1093 - 1093 Accumulated amortisation and impairment   (556) - (556) Fair value at 30 June 2012   537 - 537 74 Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance


Forest NSW Annual Report 2012
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