48
2006
$000's
2005
$000's
9. Goodwill
Balance at beginning of year
431
-
Reassessment of goodwill
200
00
Amortisation
(106)
()
Balance at end of year
525
431
Carrying amount at end of year
Cost
700
00
Accumulated amortisation
(175)
()
Book value
525
431
The additional goodwill payable is due to an earn-out clause on an acquisition made in the previous year. The
directors consider the carrying amount of goodwill to be the fair value of the assets. Goodwill is being amortised
over four and five years.
10. Payable and accruals
Trade creditors
4,072
4,41
Provision for employee entitlements
3,359
2,
Accrued expenses
2,119
1,03
Deferred acquisition payment
227
200
9,777
,214
Provision for employee entitlements
Balance at beginning of year
3,310
2,813
Additional provision recognised
3,827
3,23
Amount utilised
(3,497)
(2,8)
Reversal of unutilised amounts
(46)
(1)
Balance at end of year
3,594
3,310
Current employee entitlements
3,359
2,
Non-current employee entitlements
235
31
3,594
3,310
The provision for employee entitlements relates to employee benefits such as accrued wages and salaries,
bonuses, accrued holiday pay and long service leave. The provision is affected by a number of estimates including
the expected employment period of employees and the timing of employees utilising benefits. The majority of the
provision is expected to be realised within the next two years.
11. Lease liabilities
Finance lease liabilities
Due within one year
278
138
Due within one to two years
228
0
Due within two to five years
415
138
Due over five years
197
-
1,118
3
Current lease liabilities
278
138
Non-current lease liabilities
840
228
1,118
3
