DAWOOD LAWRENCEPUR LIMITED - Lahore Stock Exchange

Note2010 2009Rupees in 0005. INTANGIBLE ASSETSComputer software 5.1 741 1,1125.1 Computer softwareCost 2,380 2,380AmortizationBalance as on Jan 1 1,268 1,048Charge for the year / period 371 220Balance as on Dec 31 1,639 1,268Carrying amount 741 1,112Rate of amortization (%) 33.33% 33%5.2Previously the software was being amortized at the rate of 33% using reducing balance method. Effective from currentyear, the Company has started charging amortization at the rate of 33.33% using straight line method. The change hasbeen made to better reflect the pattern in which economic benefits of the computer software are consumed by theCompany. The above change has been accounted for as change in accounting estimates in accordance with therequirements of International Accounting Standards (IAS) - 8 "Accounting Policies, Changes in Accounting Estimatesand Errors". Had the Company not made the above referred change in the accounting estimate, profit for the year wouldhave negligible financial impact.Note2010 2009Rupees in 0006. LONG TERM INVESTMENTSInvestment in related parties at cost 6.1 165,822 135,412Other investments 6.2 9,569 215,166175,391 350,5786.1 Investment in related parties at costWholly owned subsidiary - unquotedTenaga Generasi LimitedPercentage holding 100% (December 31, 2009: 100%)7,600,000 (December 31, 2009: 600,000) fully paid 100,528 30,528ordinary shares of Rs. 10/- eachAdvance against issue of shares - 39,590100,528 70,118Associated Company - quotedDawood Hercules Chemicals LimitedPercentage holding 16.19% (December 31, 2009: 16.19%)19,482,975 (December 31, 2009: 17,711,795) fully paid 65,294 65,294ordinary shares of Rs. 10/- eachMarket value Rs. 3.864 billion(December 31, 2009: 3.185 billion)Chief Executive Officer: Mr. Isar Ahmad165,822 135,412