PAKISTAN

4.1.1 School land includes land acquired by the Foundation as well as received as donations. The donated plots of land are
stated at nominal value.
4.1.2 Five school buildings which were constructed prior to the incorporation of the Foundation were donated at an estimated
cost of Rs. 2 million each.
4.1.3 Book value of building on leased hold land includes
2015 2014
(Rupees in '000)
School buildings
Head Office building
5,067
69,250
74,317
5,343
71,036
76,379
4.2 Capital Work in Progress
Balance as at 1 July
Expenditure incurred during the year
Transferred during the year to:
School buildings
Office building
272,947
504,839
777,786
(271,324)
(2,544)
503,918
320,315
484,753
805,068
(528,641)
(3,480)
272,947
This represents civil works and related cost for the construction of schools and head office building.
5. INTANGIBLE ASSETS
Software
Advance against purchase of software
5.1 3,329
804
4,133
2,961
1,245
4,206
5.1 Software
Net carrying value basis
Opening net book value (NBV)
Additions (at cost)
Amortization charge
Closing net book value
2,961
1,640
(1,272)
3,329
3,850
222
(1,111)
2,961
Gross carrying value
Cost
Additions (at cost)
Accumulated amortization
Net book value
7,407
1,640
(5,718)
3,329
7,186
222
(4,447)
2,961
Intangible asset represents softwares purchase cost which is amortized over the period of five years on straight line basis
from the date of its initial recognition.
20 Years of Believing in Pakistan 77