Creative 2010 Annual Report Download - page 44

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44
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
19. INTANGIBLE ASSETS
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
Composition:
Goodwill arising on consolidation (Note (a)) 4,231 4,231 – –
Trademarks and licences (Note (b)) 2,093 2,488 – –
6,324 6,719 – –
(a) Goodwill arising on consolidation
Group
2010 2009
US$’000 US$’000
Cost
Beginning of nancial year 4,231 –
Acquisition of subsidiaries (Note 17) – 4,231
End of nancial year 4,231 4,231
Goodwill of US$4,231,000 (Note 17) in the nancial year ended 30 June 2009 arose from the acquisitions of Qmax Pte Ltd
included in the Asia Pacic region and Grandeye Limited included in the Europe region of US$2,262,000 and US$1,969,000
respectively. Management has assessed that there is no impairment to goodwill as at 30 June 2010.
(b) Trademarks and licences
Group Company
2010 2009 2010 2009
US$’000 US$’000 US$’000 US$’000
Cost
Beginning of nancial year 35,953 33,390 16,533 16,533
Acquisition of subsidiaries (Note 17) – 1,098 – –
Additions 83 1,465 – –
End of nancial year 36,036 35,953 16,533 16,533
Accumulated amortisation
Beginning of nancial year 33,465 33,390 16,533 16,533
Amortisation charge (Note 4) 478 75 – –
End of nancial year 33,943 33,465 16,533 16,533
Net book value 2,093 2,488 – –
(c) Amortisationexpenseincludedinprotorlossisanalysedasfollows:
Group
2010 2009
US$’000 US$’000
Cost of goods sold 371 75
Research and development expenses 107 –
478 75
notes to tHe fInAncIAl stAteMents
– For the nancial year ended 30 June 2010