Annual - Johnson Electric

NOTES TO THE ACCOUNTS
9. Intangibles
At 31st March 2004,
as previously reported
76 Johnson Electric Holdings Limited
Negative Client Development Total
Goodwill goodwill Patents Technology Brands relationships costs intangibles
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Cost
Accumulated amortisation
20,987 (2,919) 3,161 – – – 5,447 26,676
and impairment (4,069 ) 873 (1,102) – – – (2,304 ) (6,602 )
Net book amount 16,918 (2,046) 2,059 – – – 3,143 20,074
At 1st April 2004 16,918 (2,046) 2,059 – – – 3,143 20,074
Exchange adjustments 3 (26 ) 123 – – – 31 131
Acquisitions of subsidiaries 26,373 – – – – – – 26,373
Additions – – 58 – – – 12 70
Amortisation (1,917 ) 208 (650) – – – (954 ) (3,313 )
At 31st March 2005 41,377 (1,864) 1,590 – – – 2,232 43,335
At 31st March 2005
Cost
Accumulated amortisation
47,112 (2,945) 3,342 – – – 4,866 52,375
and impairment (5,735) 1,081 (1,752) – – – (2,634 ) (9,040 )
Net book amount 41,377 (1,864) 1,590 – – – 2,232 43,335
At 1st April 2005,
as previously reported 41,377 (1,864) 1,590 – – – 2,232 43,335
Adoption of HKFRS 3 – 1,864 – – – – – 1,864
At 1st April 2005, as restated 41,377 – 1,590 – – – 2,232 45,199
Exchange adjustments (6,436 ) – (97) (1,909 ) (859 ) (1,414) (43) (10,758)
Acquisitions of subsidiaries 331,690 – 5 130,144 53,245 88,936 – 604,020
Additions – – 157 – – – 802 959
Amortisation – – (529) (3,430 ) (838 ) (1,958) (1,073 ) (7,828 )
At 31st March 2006 366,631 – 1,126 124,805 51,548 85,564 1,918 631,592
At 31st March 2006
Cost
Accumulated amortisation
366,631 – 3,407 128,235 52,386 87,522 5,625 643,806
and impairment – – (2,281) (3,430 ) (838 ) (1,958) (3,707 ) (12,214)
Net book amount 366,631 – 1,126 124,805 51,548 85,564 1,918 631,592