9. Intangible Assets

Actual
2008
$000
Cost Actual
2009
$000
Carrying amount as at 1 July
Additions 5,000
Carrying amount as at 30 June 5,000

Intangible assets consist of an easement – a right to access land. The useful life of the right is 35 years, which is equivalent to the contractual length of the right.