Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)13. Intangible assets (cont’d)Amortisation expenses of intangible assets (excluding goodwill on consolidation) is included in the following line item in the profi t andloss account:Group2006 2005$’000 $’000Depreciation and amortisation expenses 1,587 1,184Goodwill on consolidationGroup 2006 2005$’000 $’000(Restated)Cost:At beginning of year as previously stated 19,549 3,376Fair value adjustments to the identifi able assets and liabilities of a subsidiary acquired in 2005 4,347 –At beginning of year as restated 23,896 3,376Elimination of accumulated amortisation – (2,805)Additions:Acquisition of subsidiaries (Note 11ci and 11di) 1,108 23,896Transfer to premium on purchase of minority interests’ shares (Note 8) – (571)At end of year 24,914 23,896Accumulated amortisation and impairment:At beginning of year 2,841 2,805Elimination of accumulated amortisation – (2,805)Impairment loss – 2,841At end of year 2,841 2,841Net carrying amount of goodwill on consolidation 22,073 21,055Total intangible assets 39,845 39,142Notes to the Financial Statements 129Annual Report 2006