j237504-22.htm
8. Intangible Assets
2011-12 | Software Licences |
---|---|
£’000 | |
At replacement cost or valuation | |
At 1st April 2011 | 111 |
Capital additions | 350 |
Disposals | 0 |
Historic valuation adjustments | 0 |
Transfers and reclassifications | 0 |
Balance at 31st March 2012 | 461 |
Accumulated Amortisation | |
At 1st April 2011 | 97 |
Charge for the year | 6 |
Revaluations | 0 |
Disposals | 0 |
Historic valuation adjustments | 0 |
Transfers and reclassifications | 0 |
Balance at 31st March 2012 | 103 |
Net Book Value at 31st March 2012 | 358 |
2010-11 | Software Licences |
£’000 | |
At replacement cost or valuation | |
At 1st April 2010 | 96 |
Capital additions | 17 |
Disposals | 0 |
Historic valuation adjustments | 0 |
Transfers and reclassifications | (2) |
Balance at 31st March 2011 | 111 |
Accumulated Amortisation | |
At 1st April 2010 | 83 |
Charge for the year | 16 |
Revaluations | 0 |
Disposals | 0 |
Historic valuation adjustments | 0 |
Transfers and reclassifications | (2) |
Balance at 31st March 2011 | 97 |
Net Book Value at 31st March 2011 | 14 |
Purchased computer software licences are capitalised as intangible non-current assets where expenditure of £1,000 or more is incurred. These are valued at historic cost and amortised on a straight line basis over the expected life of the asset.