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.