FY 2012 - Investor Relations - NIS

6. INTANGIBLE ASSETSAs at 1 January 2011Research anddevelopmentConcessions, patents,licenses and rightsIntangible assets underdevelopmentOther intangiblesCost - 878,120 1,843,860 4,721,726 7,443,706Accumulated amortisation and impairment - (184,431) (1,698,294) (725,220) (2,607,945)Net book amount - 693,689 145,566 3,996,506 4,835,761Year ended 31 December 2011Opening net book amount - 693,689 145,566 3,996,506 4,835,761Additions - - 375,514 - 375,514Transfer from IA under development - - (246,938) 246,938 -Transfer to PP&E (note 7) - - - (74,040) (74,040)Amortisation (note 28) - (14,971) - (660,417) (675,388)Impairment (note 34) - (1,625) - (37,866) (39,491)Disposals - 24,910 (2,499) (3,168) 19,243Other transfers - (56,549) 30 56,519 -Closing net book amount - 645,454 271,673 3,524,472 4,441,599As at 31 December 2011Cost - 874,906 413,952 4,753,693 6,042,551Accumulated amortisation and impairment - (229,452) (142,279) (1,229,221) (1,600,952)Net book amount - 645,454 271,673 3,524,472 4,441,599Year ended 31 December 2012Opening net book amount - 645,454 271,673 3,524,472 4,441,599Additions 1,645,694 - 1,104,981 - 2,750,675Transfer from IA under development - 821,165 (1,324,740) 503,575 -Transfer to subsidiaries (note 9) - (2,291) - (134,883) (137,174)Transfer to PP&E (note 7) 1,786,149 - 251,012 7,727 2,044,888Amortisation (note 28) - (95,559) - (584,630) (680,189)Impairment (note 34) - - (86,459) (691) (87,150)Disposals (107,758) - (213) - (107,971)Other transfers - 353 7,529 (7,882) -Closing net book amount 3,324,085 1,369,122 223,783 3,307,688 8,224,678As at 31 December 2012Cost 3,431,843 1,693,480 429,813 5,017,674 10,572,810Accumulated amortisation and impairment (107,758) (324,358) (206,030) (1,709,986) (2,348,132)Net book amount 3,324,085 1,369,122 223,783 3,307,688 8,224,678Research and development as at 31 December 2012 in the amount of RSD 3,324,085 mostly relate to investments ingeological, 2D and 3D seismic explorations on the territory of the Republic of Serbia.Other intangible assets as at 31 December 2012 amounting to RSD 3,307,688 mostly relate to investments in the SAPsystem of RSD 2,947,663 (2011: RSD 3,401,832).Amortisation amounting to RSD 680,189 (2011: RSD 675,388) is included in Operating expenses within the Incomestatement (note 28).Total188 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 189