60
TEHO INTERNATIONAL INC LTD.
Annual Report 2015
4 PROPERTY, PLANT AND EQUIPMENT (CONT’D)
Plant and
Motor
equipment vehicles
Total
$
$
$
Company
Cost:
At 1 July 2013
–
–
–
Additions
20,800
–
20,800
At 30 June 2014
20,800
–
20,800
Additions
2,616
188,348
190,964
At 30 June 2015
23,416
188,348
211,764
Accumulated depreciation:
At 1 July 2013
–
–
–
Depreciation
2,774
–
2,774
At 30 June 2014
2,774
–
2,774
Depreciation
4,596
37,669
42,265
At 30 June 2015
7,370
37,669
45,039
Net book value:
At 1 July 2013
–
–
–
At 30 June 2014
18,026
–
18,026
At 30 June 2015
16,046
150,679
166,725
The depreciation expense is charged to profit or loss and included in other operating
expenses.
5 INTANGIBLE ASSETS
Customer
Note Goodwill relationships Orderbook Total
$
$
$
$
Group
Cost
At 1 July 2013
3,359,926 2,605,000 705,000 6,669,926
Acquisitions through
business combinations
(restated) *
27 5,016,614
–
– 5,016,614
At 30 June 2014 (restated)
8,376,540 2,605,000 705,000 11,686,540
Acquisitions through
business combinations
27 12,475,753
–
– 12,475,753
At 30 June 2015
20,852,293 2,605,000 705,000 24,162,293
Accumulated amortisation
and impairment losses
At 1 July 2013
–
430,000 638,000 1,068,000
Amortisation
–
521,000
67,000
588,000
At 30 June 2014
–
951,000 705,000 1,656,000
Amortisation
–
521,000
–
521,000
Impairment loss
2,209,048
–
– 2,209,048
At 30 June 2015
2,209,048 1,472,000 705,000 4,386,048
Carrying amount
At 1 July 2013
3,359,926 2,175,000
67,000 5,601,926
At 30 June 2014
8,376,540 1,654,000
– 10,030,540
At 30 June 2015
18,643,245 1,133,000
– 19,776,245
* See Note 27 for more details.
The amortisation expense is charged to profit or loss and included in other operating
expenses.
NOTES TO THE
FINANCIAL STATEMENTS
Year ended 30 June 2015
