KATHMANDU A NNUAL REPORT  2013 51 GROUP  Goodwill Brand Software Total NZ$’000 NZ$’000 NZ$’000 NZ$’000 Year ended 31 July 2012 Opening net book value 75,406 167,308 971 243,685 Additions - - 3,985 3,985 Disposals - - (9) (9) Amortisation - - (1,599) (1,599) Exchange differences - 3,018 12 3,030 Closing net book value 75,406 170,326 3,360 249,092 As at 31 July 2012 Cost 76,677 170,326 7,801 254,804 Accumulated amortisation  (1,271) - (4,441) (5,712) Closing net book value 75,406 170,326 3,360 249,092 Year ended 31 July 2013 Opening net book value 75,406 170,326 3,360 249,092 Additions - - 2,600 2,600 Disposals - - - - Amortisation - - (1,795) (1,795) Exchange differences - (14,900) (134) (15,034) Closing net book value 75,406 155,426 4,031 234,863 As at 31 July 2013 Cost 76,677 155,426 9,942 242,045 Accumulated amortisation  (1,271) - (5,911) (7,182) Closing net book value 75,406 155,426 4,031 234,863 13 INTANGIBLE ASSETS