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2011/12 Annual Report Lenovo Group Limited
146
NOTES TO THE FINANCIAL STATEMENTS
17 Intangible assets (continued)
(b) Company
Internal
use
software
US$’000
At April 1, 2010
Cost 34,170
Accumulated amortization 10,987
Net book amount 23,183
Year ended March 31, 2011
Opening net book amount 23,183
Exchange adjustment (58)
Transfer from construction-in-progress 3,461
Additions 6,097
Amortization (7,912)
Closing net book amount 24,771
At March 31, 2011
Cost 49,960
Accumulated amortization 25,189
Net book amount 24,771
Year ended March 31, 2012
Opening net book amount 24,771
Exchange adjustment 95
Transfer from construction-in-progress 27,548
Additions 3,598
Disposals (1)
Amortization (10,209)
Closing net book amount 45,802
At March 31, 2012
Cost 74,919
Accumulated amortization 29,117
Net book amount 45,802