Creative 2009 Annual Report Download - page 42

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42
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
19. INTANGIBLE ASSETS
฀Group฀ Company
฀ ฀ 2009฀ 2008฀ 2009฀ 2008฀
฀ US$’000฀ US$’000฀ US$’000฀ US$’000
฀Composition:฀ ฀ ฀ ฀
฀ Goodwill฀arising฀on฀consolidation฀(Note฀(a))฀ 4,231฀–฀–฀ –
฀ Trademarks฀and฀licences฀(Note฀(b))฀ 2,488฀–฀–฀ –
฀ ฀ 6,719฀–฀–฀ –
(a) Goodwill arising on consolidation
฀ Group
฀ ฀ 2009฀ 2008฀
฀ US$’000฀ US$’000
฀Cost
฀ Beginning฀of฀financial฀year฀ –฀ –
฀ Acquisition฀of฀subsidiaries฀(Note฀17)฀ 4,231฀ –
฀ End฀of฀financial฀year฀ 4,231฀ –
Goodwill of US$4,231,000 arose from the acquisitions of Qmax Pte Ltd and Grandeye Limited (Note 17). Management
has assessed that there is no impairment to goodwill as at 30 June 2009.
(b) Trademarks and licences
฀Group฀ Company
฀ ฀ 2009฀ 2008฀ 2009฀ 2008฀
฀ US$’000฀ US$’000฀ US$’000฀ US$’000
฀Cost฀ ฀ ฀ ฀
฀ Beginning฀of฀financial฀year฀ 33,390฀ 33,390฀ 16,533฀ 16,533
฀ Acquisition฀of฀subsidiaries฀(Note฀17)฀ 1,098฀–฀–฀ –
฀ Additions฀฀ 1,465฀–฀–฀ –
฀ End฀of฀financial฀year฀ 35,953฀ 33,390฀ 16,533฀ 16,533
฀Accumulated฀amortisation฀ ฀ ฀ ฀
฀ Beginning฀of฀financial฀year฀ 33,390฀ 33,087฀ 16,533฀ 16,230
฀ Amortisation฀charge฀ 75฀ 303฀ –฀ 303
฀ End฀of฀financial฀year฀ 33,465฀ 33,390฀ 16,533฀ 16,533
฀ Net฀book฀value฀ 2,488฀–฀–฀ –
(c) Amortisation expense included in the income statement is analysed as follows:
฀ Group
฀ ฀ 2009฀ 2008฀
฀ US$’000฀ US$’000
฀
฀ Cost฀of฀sales฀(Note฀4)฀ 75฀ 303
NOTES TO THE FINANCIAL STATEMENTS
– For the financial year ended 30 June 2009
AR09 pg1-64_Final.indd 42 10/2/2009 10:38:09 AM