FRONTLINE COVER FA 070606 CR2.indd

80
frontline technologies corporation ltd
annual report 2006
> notes to the financial statement
for the year ended 31 march 2006
20. Intangible assets
Software
Computer License Intellectual Client under
2006 Software fee property contracts Development Total
$ $ $ $ $ $
Cost
As at 1 April 2005 756,653 217,383 1,200,000 600,000 80,658 2,854,694
Reclassification – – 294,000 (294,000) 55,871 55,871
Additions 752,661 – – – 298,272 1,050,933
Translation difference (25,463) 2,117 – – – (23,346)
As at 31 March 2006 1,483,851 219,500 1,494,000 306,000 434,801 3,938,152
Accumulated amortisation
As at 1 April 2005 484,674 44,183 50,000 83,333 – 662,190
Reclassification – – 40,833 (40,833) – –
Additions 204,702 22,050 99,600 102,000 – 428,352
Translation difference (21,587) (383) – – – (21,970)
As at 31 March 2006 667,789 65,850 190,433 144,500 – 1,068,572
Net book value
As at 31 March 2006 816,062 153,650 1,303,567 161,500 434,801 2,869,580
Software
Computer License Intellectual Client under
2005 Software fee property contracts Development Total
$ $ $ $ $ $
Cost
As at 1 April 2004 – 222,092 – – – 222,092
Arising from acquisition
of subsidiary 757,420 – 1,200,000 600,000 80,658 2,638,078
Translation difference (767) (4,709) – – – (5,476)
As at 31 March 2005 756,653 217,383 1,200,000 600,000 80,658 2,854,694
Accumulated amortisation
As at 1 April 2004 – 22,742 – – – 22,742
Charge for the year – 22,033 – – – 22,033
Arising from acquisition
of subsidiary 484,674 – 50,000 83,333 – 618,007
Translation difference – (592) – – – (592)
As at 31 March 2005 484,674 44,183 50,000 83,333 – 662,190
Net book value
As at 31 March 2005 271,979 173,200 1,150,000 516,667 80,658 2,192,504