2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Summary of Significant
Accounting Policies
for the financial year ended 31 December 2012
H
INTANGIBLE ASSETS
(a)
Programmes and film rights
Programmes and film rights are stated at cost less accumulated amortisation and accumulated impairment
losses, if any.
The programmes and film rights are recognised after they are contracted for, after receipt of materials and after
approvals are obtained from the censorship authority. Cost comprises contracted cost and direct expenditure.
Amortisation is calculated so as to write off the relevant portion of the cost of programmes and film rights
which fairly represents its relevant attached rights, to match against recognised revenue from these programmes
and film rights.
The amortisation rates are as follows:
(i)
Programs
Purchases with full rights/limited rights (2 runs or more)
%
Features
Upon first transmission* 60
Upon second transmission* 40
Series
Upon first transmission 100
Purchases with limited rights (1 run) and in-house programmes
Upon first transmission* 100
(ii)
Film rights
Production movies
Upon theatrical release 70
Upon second year from theatrical release 20
Upon third year from theatrical release 10
Distribution movies
Upon theatrical release 70
Upon sales transaction 30
162
annual
report
2012