Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)13. Intangible assetsFranchiserights andtrademarksDistributionrightsClubmembershipGroupTotal$’000 $’000 $’000 $’000CostAs at 1 January 2005 – – 123 123Acquisition of subsidiary (Note 11di) 18,145 1,863 – 20,008Acquired during the year 80 34 – 114As at 31 December 2005 as previously stated 18,225 1,897 123 20,245Fair value adjustments to the identifi able assets andliabilities of a subsidiary acquired in 2005 (Note 11di)(974) – – (974)As at 31 December 2005 and 1 January 2006 as restated 17,251 1,897 123 19,271Acquisition of subsidiaries (Note 11ci) 1,096 59 – 1,155Acquired during the year 59 169 – 228Written off during the year – (110) – (110)Net exchange differences (1) – – (1)As at 31 December 2006 18,405 2,015 123 20,543Accumulated amortisationAs at 1 January 2005 – – – –Amortisation for the year 651 533 – 1,184As at 31 December 2005 and 1 January 2006 651 533 – 1,184Amortisation for the year 734 814 39 1,587As at 31 December 2006 1,385 1,347 39 2,771Net carrying amountAs at 31 December 2006 17,020 668 84 17,772As at 31 December 2005 as restated 16,600 1,364 123 18,087Average remaining amortisation period (years) - 2006 18 18 15Average remaining amortisation period (years) - 2005 19 19 16Notes to the Financial Statements 128Annual Report 2006