Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
Annual Report and Accounts 2006 - Optos
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Notes to the Consolidated Financial Statements<br />
continued<br />
P200 equipment refers to retinal examination equipment located at healthcare professional sites <strong>and</strong> being utilised on a pay-per-examination basis <strong>and</strong> significant<br />
parts <strong>and</strong> major spares. P200 equipment is depreciated upon activation at the relevant healthcare professional site.<br />
The carrying value of plant <strong>and</strong> equipment <strong>and</strong> P200 equipment held under finance leases at 30 September <strong>2006</strong> was $61,053,000 (2005: $48,556,000).<br />
Leased assets are pledged as security for the related finance lease <strong>and</strong> hire-purchase liabilities.<br />
10 INTANGIBLE FIXED ASSETS<br />
Development<br />
Software<br />
Costs Costs Total<br />
$’000 $’000 $’000<br />
Cost<br />
At 1 October 2005 5,120 1,678 6,798<br />
Additions – internal development 2,169 294 2,463<br />
At 30 September <strong>2006</strong> 7,289 1,972 9,261<br />
Accumulated amortisation<br />
At 1 October 2005 – 1,063 1,063<br />
Amortisation in year – 354 354<br />
At 30 September <strong>2006</strong> – 1,417 1,417<br />
Net carrying amount<br />
At 30 September <strong>2006</strong> 7,289 555 7,844<br />
Development<br />
Software<br />
Costs Costs Total<br />
$’000 $’000 $’000<br />
Cost<br />
At 1 October 2004 2,485 1,536 4,021<br />
Additions – internal development 2,635 142 2,777<br />
At 30 September 2005 5,120 1,678 6,798<br />
Accumulated amortisation<br />
At 1 October 2004 – 771 771<br />
Amortisation in year – 292 292<br />
At 30 September 2005 – 1,063 1,063<br />
Net carrying amount<br />
At 30 September 2005 5,120 615 5,735<br />
Intangibles comprise principally P200MA development costs $6,163,000 (2005: $5,120,000). These have been capitalised as intangible assets <strong>and</strong>, along with the other<br />
development costs, will be amortised over the number of production units expected to be obtained from the asset. The carrying value of development costs will be<br />
reviewed for impairment annually when the asset is not yet in use or, more frequently, when an indication of impairment arises during the reporting year.<br />
11 INVENTORIES<br />
<strong>2006</strong> 2005<br />
$’000 $’000<br />
Raw materials, spares <strong>and</strong> consumables 3,693 2,708<br />
12 TRADE AND OTHER RECEIVABLES<br />
<strong>2006</strong> 2005<br />
$’000 $’000<br />
Trade debtors 4,219 2,890<br />
Value-added tax recoverable 1,311 432<br />
Prepayments 1,832 1,565<br />
7,362 4,887<br />
52<br />
<strong>Optos</strong> plc <strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2006</strong>