Annual Report 2012 - HKExnews

Notes to the Consolidated Financial Statements (Continued)
14 Intangible Assets
Rights to use
intellectual
properties Licence Goodwill Total
HK$ HK$ HK$ HK$
At 1 January 2011
Cost 2,340,000 — — 2,340,000
Accumulated amortisation (432,250) — — (432,250)
Net book amount 1,907,750 — — 1,907,750
Year ended 31 December 2011
Opening net book amount 1,907,750 — — 1,907,750
Additions — 2,102,411 — 2,102,411
Amortisation (Note 7) (234,000) (420,491) — (654,491)
Closing net book amount 1,673,750 1,681,920 — 3,355,670
At 31 December 2011
Cost 2,340,000 2,102,411 — 4,442,411
Accumulated amortisation (666,250) (420,491) — (1,086,741)
Net book amount 1,673,750 1,681,920 — 3,355,670
Year ended 31 December 2012
Opening net book amount 1,673,750 1,681,920 — 3,355,670
Additions (Note 27) — — 800,841 800,841
Amortisation (Note 7) (234,000) (420,492) — (654,492)
Closing net book amount 1,439,750 1,261,428 800,841 3,502,019
At 31 December 2012
Cost 2,340,000 2,102,411 800,841 5,243,252
Accumulated amortisation (900,250) (840,983) — (1,741,233)
Net book amount 1,439,750 1,261,428 800,841 3,502,019
The amortisation expenses for Rights to use intellectual properties and Licences have been charged in “administrative
expenses” and “cost of sales” in the consolidated statement of comprehensive income respectively.
FOCUS MEDIA NETWORK LIMITED Annual Report 2012
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