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Annual Report and Accounts 2011

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Notes to the Annual Financial Statements
For the year ended 30 June 2011

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15. Intangible assets


US$ million Total
Cost
Balance at 1 July 2009 and 30 June 2010 14.5
Balance at 1 July 2010 and 30 June 2011 14.5
Amortisation
Balance at 1 July 2009 (13.5)
Provided in the year (1.0)
Balance at 30 June 2010 (14.5)
Balance at 1 July 2010 and 30 June 2011 (14.5)
Net book value
At 30 June 2010
At 30 June 2011

Prospecting licences

Prospecting licences in Botswana were fully amortised in the prior year. The Group continues to conduct exploration activities in Botswana. During the year exploration expenditure of US$1.4 million (30 June 2010: US$1.8 million) was expensed in respect of exploration activities within Botswana.