11.
INTANGIBLE ASSETS (CONTINUED)
Computer
software
Club
membership Total
$’000
$’000
$’000
Company
Cost
At 1 January 2014
908
230
1,138
Additions
8
–
8
Disposals
–
(230)
(230)
At 31 December 2014 and 1 January 2015
916
–
916
Additions
–
48
48
Disposals
(9)
–
(9)
At 31 December 2015
907
48
955
Accumulated amortisation
At 1 January 2014
812
–
812
Charge for the year
29
–
29
At 31 December 2014 and 1 January 2015
841
–
841
Charge for the year
29
–
29
Disposals
(4)
–
(4)
At 31 December 2015
866
–
866
Net carrying amount
At 31 December 2015
41
48
89
At 31 December 2014
75
–
75
Computer software
Computer software of the Group and the Company is determined to have finite useful lives and is
amortised on a straight-line basis over 3 to 5 years with remaining useful lives of 1 to 5 years (2014:
1 to 5 years).
85
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
