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KD Holding Group
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007
Excess of fair value of the acquired identifiable
assets, liabilities and contingent liabilities above the
cost of their acquisition is reassessed and any excess
remaining after the reassessment is recognised as
income in the income statement.
following categories:
- financial assets at fair value through profit or loss;
- loans and receivables;
- held-to-maturity investments;
- available-for-sale financial assets.
Management determines the classification of its
Goodwill is allocated to cash generating units for the
investments at initial recognition.
purpose of impairment testing. Goodwill is allocated to
the Group’s cash-generating units that are expected to
2.8.1 Financial assets at fair value through profit or loss
benefit from the synergies of the combination.
This category has two sub-categories: financial
Other intangible assets
The Group’s intangible assets with a definite useful
assets held for trading, and those designated at fair
value through profit or loss at inception.
life include computer software and licences. The
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cost of acquired software comprises the costs
of acquisition and preparation of the asset for
its intended use, and for licences it is the cost
of acquisition. Throughout the useful life of an
individual item of an intangible asset the Group
consistently allocates the amount of its amortisation
to individual accounting periods as depreciation
at that time. Amortisation is calculated using the
straight-line method.
Amortisation is charged individually. The periods of
amortisation of intangible assets with a finite useful life
are the following:
A financial asset is classified as held for trading if it
is acquired or incurred principally for the purpose
of selling or repurchasing in the near term or if it is
part of a portfolio of identified financial instruments
that are managed together and for which there is
evidence of a recent actual pattern of short-term
profit-taking.
Financial assets and financial liabilities are
designated at fair value through profit or loss when:
- doing so significantly reduces measurement
inconsistencies that would arise if the related
derivatives were treated as held for trading and
the underlying financial instruments were carried
Intangible assets:
Licences
Computer Software
2.8 Financial assets
3 to 5 years
3 to 5 years
at amortised cost for loans and advances to
customers or banks and debt securities in issue;
- Certain investments, such as equity investments,
are managed and evaluated on a fair value
The Group classifies its financial assets in the
basis in accordance with a documented risk