NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
16 GOODWILL/OTHER INTANGIBLE ASSETS (CONT’D)
(b)
(i)
Mining Rights, Management Rights and Corporate Club Membership
Corporate
Mining Management
club
rights
rights membership
Total
$’000
$’000
$’000
$’000
GROUP
At Cost
At 1 January 2014
4,026
–
258
4,284
Addition
–
–
84
84
Acquisition of a subsidiary (note 17)
559
–
–
559
Exchange adjustment
(86)
–
(6)
(92)
At 31 December 2014
4,499
–
336
4,835
Accumulated amortisation
At 1 January 2014
1,123
–
69
1,192
Amortisation to profit or loss
348
–
11
359
Exchange adjustment
(30)
–
(1)
(31)
At 31 December 2014
1,441
–
79
1,520
Net Carrying Amount
3,058
–
257
3,315
At Cost
At 1 January 2013
8,822
1,975
268
11,065
Addition
512
–
–
512
Attributable to disposal group classified as
held for sale
(5,158)
(1,830)
–
(6,988)
Exchange adjustment
(150)
(145)
(10)
(305)
At 31 December 2013
4,026
–
258
4,284
Accumulated amortisation
At 1 January 2013
5,939
1,975
62
7,976
Amortisation to profit or loss
380
–
10
390
Attributable to disposal group classified as
held for sale
(5,158)
(1,830)
–
(6,988)
Exchange adjustment
(38)
(145)
(3)
(186)
At 31 December 2013
1,123
–
69
1,192
Net Carrying Amount
2,903
–
189
3,092
101
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
