9 Intangible assets
Movements for each class of intangible asset are as follows:
Acquired
Software
$000
Trademarks
$000
Total
$000
88
4
92
-
-
-
Balance at 30 June 2019
88
4
92
Balance at 1 July 2019
88
4
92
Additions
263
-
263
Disposals
(88)
(4)
(92)
Balance at 30 June 2020
263
-
263
Balance at 1 July 2018
88
3
91
Amortisation expense
-
1
1
Eliminate on disposal
-
-
-
Balance at 30 June 2019
88
4
92
Balance at 1 July 2019
88
4
92
Amortisation expense
31
-
31
Eliminate on disposal
(88)
(4)
(92)
31
-
31
At 1 July 2018
-
1
1
At 30 June and 1 July 2019
-
-
-
232
-
232
Cost
Balance at 1 July 2018
Disposals
Accumulated amortisation and impairment losses
Balance at 30 June 2020
Carrying amounts
At 30 June 2020
There are no restrictions over the title of the Commission’s intangible assets, nor are any intangible
assets pledged as security for liabilities (2019: nil).
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