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On Top of Our Game 86
Financial Statements

Notes to Financial Statements

31 March 2014

9 INTANGIBLE ASSETS

Acquired
computer Development
software work-in-progress Total
$ $ $
Cost:
At 1 April 2012 249,696 - 249,696
Additions 9,630 74,211 83,841
At 31 March 2013 259,326 74,211 333,537
Additions 368,384 368,384
Transfers 190,845 (190,845) -
At 31 March 2014 450,171 251,750 701,921

Amortisation:
At 1 April 2012 100,136 - 100,136
Amortisation 45,618 - 45,618
At 31 March 2013 145,754 - 145,754
Amortisation 39,193 - 39,193
At 31 March 2014 184,947 - 184,947

Carrying amount:
At 31 March 2014 265,224 251,750 516,974

At 31 March 2013 113,572 74,211 187,783

During the financial year, the Commission acquired computer software with aggregate cost of $368,384
(2013 : $83,841). Cash payment of $330,215 (2013 : $83,841) were made to purchase computer software and
$38,169 (2013 : $Nil) remains unpaid at the end of the reporting period.

Development work-in-progress relates to Knowledge Management System.