annual report 2007 - ChartNexus
annual report 2007 - ChartNexus
annual report 2007 - ChartNexus
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N OTES TO THE FINANCIAL STATEMENTS<br />
10. INTANGIBLE ASSETS<br />
FOR THE YEAR ENDED 31 DECEMBER <strong>2007</strong><br />
Intellectual property Development<br />
and licence rights costs Total<br />
RM RM RM<br />
Group and Company<br />
<strong>2007</strong><br />
Cost<br />
As at 1 January <strong>2007</strong> 24,700,000 867,772 25,567,772<br />
Additions 18,385,000 - 18,385,000<br />
Additions - internal development - 1,160,601 1,160,601<br />
As at 31 December <strong>2007</strong> 43,085,000 2,028,373 45,113,373<br />
Accumulated amortisation<br />
As at 1 January <strong>2007</strong> 577,942 - 577,942<br />
Amortisation 637,500 - 637,500<br />
As at 31 December <strong>2007</strong> 1,215,442 - 1,215,442<br />
Net carrying amount as at 31 December <strong>2007</strong> 41,869,558 2,028,373 43,897,931<br />
Company<br />
2006<br />
Cost<br />
As at 1 January 2006 24,700,000 - 24,700,000<br />
Additions - internal development - 867,772 867,772<br />
As at 31 December 2006 24,700,000 867,772 25,567,772<br />
Accumulated amortisation<br />
As at 1 January 2006 577,942 - 577,942<br />
Amortisation - - -<br />
As at 31 December 2006 577,942 - 577,942<br />
Net carrying amount as at 31 December 2006 24,122,058 867,772 24,989,830<br />
Included in development costs during the financial year is depreciation of property, plant and equipment of<br />
RM92,469 (2006: RM38,299).<br />
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