Annual Report 2011 - The Malaysian Institute Of Certified Public ...

President’s Statement Financial Statement955. INTANGIBLE ASSET - COMPUTER SOFTWARE2011 2010RMRMCostsBalance at 1 January - -Additions during the year 179,932 -Balance at 31 December 179,932 -The computer software represents the cost of software acquired. The cost of software acquired includes alldirectly attributable costs of preparing the asset for its intended use.No amortisation was made during the year as the computer software is not ready for its intended use yet asat the end of the reporting period.6. DEVELOPMENT COSTS OF STUDY MANUALS2011 2010RMRMCostsBalance at 1 January 731,524 723,524Addition 15,000 8,000Balance at 31 December 746,524 731,524Accumulated amortisation and impairment lossBalance at 1 January:Accumulated amortisation 714,924 698,624Accumulated impairment loss - -714,924 698,624Amortisation for the year 23,300 16,300Impairment loss during the year 8,300 -Balance at 31 December:Accumulated amortisation 738,224 714,924Accumulated impairment loss 8,300 -746,524 714,924Net carrying amount - 16,600The development costs incurred during the year include an amount of RM2,000 (2010 : RM3,000) paid to aCouncil Member for updating of MICPA study manual.