FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
89
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
17 INTANGIBLE ASSETS
2015
The Group
Goodwill on
consolidation
$’000
Deferred
development
costs
$’000
Patents
$’000
Club
membership
$’000
Intellectual
properties
$’000
Total
$’000
Cost:
At beginning of the financial year
18,456
13,748 2,243
414
5,950 40,811
Currency translation differences
(183)
(459)
(42)
(3)
12
(675)
Addition
-
2,890
-
-
-
2,890
At end of the financial year
18,273
16,179 2,201
411
5,962 43,026
Accumulated amortisation:
At beginning of the financial year
-
1,216
632
-
5,588
7,436
Currency translation differences
-
(16)
11
-
13
8
Amortisation charge
-
392
452
-
361
1,205
At end of the financial year
-
1,592 1,095
-
5,962
8,649
Accumulated impairment:
At beginning of the financial year
6,878
1,617
-
-
-
8,495
Currency translation differences
(7)
(209)
-
-
-
(216)
Impairment loss (Note 9(iii))
-
2,288
-
-
-
2,288
At end of the financial year
6,871
3,696
-
-
-
10,567
Carrying value:
At 31 December 2015
11,402
10,891 1,106
411
-
23,810
