For holders information. The $9.183 of intellectual property...

For holders information.

The $9.183 of intellectual property investing costs are comprised of $6.9M in rennovation and $2.3M in store acquisition costs.

The reasons they are classified in intellectual property is because they relate to upgrades to the franchise store network and as such are not really assets of the company. The store upgrades occur everything 3 years. As such these costs will be capitalised in the first half of FY15 and depreciated over the next several years.