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notes to the financial Statements
for the year ended 31 March 2012
19. Goodwill
Group
Parent
2012
2011
2012
2011
Note
$’000
$’000
$’000
$’000
Cost
Carrying amount at 31 March 2011
1,640
1,701
-
-
Adjustment to goodwill
-
(61)
-
-
Carrying amount at 31 March 2012
1,640
1,640
-
-
Annual test for impairment
During the year, the Group assessed the recoverable amount of goodwill, and determined that goodwill was
not impaired. Goodwill is attributable to John Deere Electrical only.
The adjustment to goodwill in 2011 relates to the reduction in purchase price of John Deere Electrical Ltd
arising from terms within the sale and purchase agreement that were not fulfilled. Previously this had been
recognised as a liability which has now been extinguished.
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