Ac c oun ting polic y In t angible as se ts Goodwil l Goodwil l arising on the ac quisition o f a subsidiary or busi nes s is included in in t angible as se ts Subsequen t me asur emen t Goodwil l is me asur ed a t c os t les s ac cumula t ed impairmen t los ses In r espec t o f equit y ac c oun t ed in v es t ees the carry ing amoun t o f goodwil l is included in the carrying amoun t o f the in v es tmen t Other in t angible as se ts Other in t angible as se ts tha t ar e ac quir ed b y the Gr oup ar e s t a t ed a t c os t les s ac cumula t ed amor tis a tion and impair men t los ses Expenditur e on in t ernal ly gener a t ed goodwil l and br ands is r ec ognised in the pr o ft and los s s t a t emen t as an e xpense as incurr ed Subsequen t e xpenditur e Subsequen t e xpenditur e on capit alised in t angible as se ts is capit alised only when it incr e ases the futur e ec onomic bene fts embodied in the specifc as se t t o which it r ela t es Al l o ther e xpenditur e is e xpensed as incurr ed Amor tis a tion Amor tis a tion is calcula t ed on the c os t o f an as se t les s its r esidual v alue Amor tis a tion is char ged t o the pr o ft and los s s t a t emen t on a s tr aigh t line basis o v er the es tima t ed use ful liv es o f in t angible as se ts unles s such liv es ar e inde fnit e Goodwil l and in t angible as se ts with an inde fnit e use ful lif e ar e sys t ema tical ly t es t ed f or impairmen t a t e ach balanc e shee t da t e Other in t angible as se ts ar e amor tised fr om the da t e the y ar e a v ailable f or use T he es tima t ed use ful liv es in the curr en t and c ompar a tiv e periods ar e as f ol lo ws C apit alised c omput er so f t w ar e 310 Y e ar s T r ademarks and br and names 35 Y e ar s C us t omer R ela tionships 56 Y e ar s T echnology 4 Y e ar s T he r esidual v alue the use ful lif e and the amor tis a tion me thod applied t o an as se t ar e r e as ses sed a t le as t annual ly and ad jus t ed if appr opria t e 3 Ne t deb t T his sec tion pr o vides in f orma tion about the o v er al l deb t o f the c ompan y W her e r ele v an t the ac c oun ting policies tha t ha v e been applied and signifcan t es tima t es and judge men ts made is included with e ach no t e 3a C ash and cash equiv alen ts 3b R ec oncilia tion o f oper a ting pr o ft t o ne t cash 3c R ec oncilia tion o f liabilities arising fr om fnancing ac tivities 3d L oans and borr o wings 3A C A SH AND C A SH E QUIV ALENT S In mil lions o f A UD C onsolida t ed 2019 2018 B ank balanc es 1483 1876 B ank fx ed r a t e deposits C ash and cash equiv alen ts in the balanc e shee t 1483 1876 B ank o v er dr a f ts r epa y able on demand 01 04 C ash and cash equiv alen ts in the s t a t emen t o f cash fo ws 1482 1872 T he Gr oup s e xposur e t o in t er es t r a t e risk and a sensitivit y analysis f or fnancial as se ts and liabilities ar e disclosed in no t e 4 Ac c oun ting polic y C ash and cash equiv alen ts C ash and cash equiv alen ts c omprise cash balanc es and cal l deposits B ank o v er dr a f ts tha t ar e r epa y able on demand and f orm an in t egr al par t o f the Gr oup s cash managemen t ar e included as a c omponen t o f cash and cash equiv alen ts f or the purpose o f the s t a t emen t o f cash fo ws 60 ALS LIMITED AND IT S SUBSIDIARIES A NNU AL F INANCIAL R EPOR T F OR THE Y EAR E NDED 31 M AR CH 2019 F INANCIAL REPOR T F INANCIAL S T A TEMENT S N O TES T O THE FINANCIAL S T A TEMENT S Ne t deb t