9. Intangible Assets
Software
$ Total
$
Gross Carrying Amount
Balance at 1 January 2011
Additions
Balance at 31 December 2011
Additions 788,272
29,905
818,177
0 788,272
29,905
818,177
0
Balance at 31 December 2012 818,177 818,177
Accumulated Depreciation
Balance at 1 January 2011
Amortisation expense
Balance at 31 December 2011
Amortisation expense (68,890)
(100,403)
(169,293)
(102,272) (68,890)
(100,403)
(169,293)
(102,272)
Balance at 31 December 2012 (271,565) (271,565)
648,884
546,612 648,884
546,612
Net Book Value
As at 31 December 2011
As at 31 December 2012
Continues...
117th Annual Report 2012
33