Rangatira Annual Report 2025 - Flipbook - Page 64
Rangatira Investments
The gain or loss arising on disposal or retirement is determined as the difference between sales proceeds and the
carrying amount of the asset and is recognised in profit or loss.
Gross carrying amount
Land &
buildings
$000
Plant and
equipment
$000
Furniture and
lease hold
improvements
$000
IT
Hardware
at cost
$000
PPE
Total
$000
ROU
Assets
$000
Total
$000
15,803
46,865
15,728
1,075
79,471
70,740
150,211
-
1,608
47
38
1,693
1,064
2,757
2025
Opening balance
Additions
-
(5)
(3)
(17)
(25)
-
(25)
Deconsolidation
(15,803)
(48,289)
(15,772)
(1,096)
(80,960)
(71,023)
(151,983)
Closing balance
-
179
-
-
179
781
960
Disposals
2024
15,649
53,292
16,211
1,843
86,995
73,395
160,390
Additions
156
1,888
920
90
3,054
117
3,171
Disposals
(2)
(8,315)
(1,403)
(858)
(10,578)
(9,538)
(20,116)
-
-
-
-
-
6,766
6,766
15,803
46,865
15,728
1,075
79,471
70,740
150,211
Land &
buildings
$000
Plant and
equipment
$000
Furniture and
lease hold
improvements
$000
IT
Hardware
at cost
$000
PPE
Total
$000
ROU
Assets
$000
Total
$000
11,663
33,075
10,112
937
55,787
10,718
66,505
-
(4)
(2)
(12)
(18)
-
(18)
117
1,447
389
49
2,002
1,609
3,611
Deconsolidation
(11,780)
(34,393)
(10,499)
(974)
(57,646)
(11,832)
(69,478)
Closing balance
-
125
-
-
125
495
620
Opening balance
Right-of-use asset remeasurement
Closing balance
Accumulated depreciation and
impairment
2025
Opening balance
Disposals
Depreciation
2024
11,409
35,998
10,281
1,544
59,232
11,058
70,290
Disposals
(1)
(6,033)
(984)
(759)
(7,777)
(3,831)
(11,608)
Depreciation
255
3,110
815
152
4,332
3,491
7,823
11,663
33,075
10,112
937
55,787
10,718
66,505
2025 net book value
-
54
-
-
54
286
340
2024 net book value
4,140
13,790
5,616
138
23,684
60,022
83,706
Opening balance
Closing balance
Note 21 Intangible assets
Accounting policy (applied up to 30 September 2024)
Intangible assets are separately measured on initial recognition at cost. The cost of intangible assets acquired
in a business combination is their fair value at the date of acquisition i.e. brands and trademarks, and customer
specialists.
Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and
accumulated impairment losses. Internally generated intangible assets, excluding capitalised software
development costs, are not capitalised and the related expenditure is reflected in profit or loss in the period the
expenditure is incurred.
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