NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
16 GOODWILL/OTHER INTANGIBLE ASSETS (CONT’D)
(b)
(ii)
Deferred Mine Exploration and Evaluation Expenditure and Deferred Mine Development Expenditure
Deferred mine
exploration Deferred mine
and evaluation development
expenditure
expenditure
Total
$’000
$’000
$’000
GROUP
At 1 January 2014
1,830
947
2,777
Additions
1,492
449
1,941
Acquisition of a subsidiary (note 17)
14
-
14
Amortisation to profit or loss
(219)
(105)
(324)
Exchange adjustment
(49)
(24)
(73)
At 31 December 2014
3,068
1,267
4,335
At 1 January 2013
297
1,285
1,582
Additions
1,803
377
2,180
Amortisation to profit or loss
(100)
(8)
(108)
Written off to profit or loss (note 10)
-
(756)
(756)
Exchange adjustment
(170)
49
(121)
At 31 December 2013
1,830
947
2,777
Note 16(b)(ii) represents deferred mine exploration and evaluation as well as deferred mine development
expenditures incurred for several areas of interest. The costs are carried forward to the extent that they are
expected to be recouped through the successful development of the areas or activities of the areas.
The remaining amortisation periods are as follows:
Group
Number of years
2014
2013
Mining rights
8
9
Corporate club membership
6 to 72
7 to 69
Deferred mine exploration and evaluation expenditure
8
9
Deferred mine development expenditure
8
9
102
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
