7. Investment in joint ventures and associates (cont’d)
Deemed disposal of an associate
In 2014, the Group’s 36%-owned associate, PT. Capitol Nusantara Indonesia (“PT CNI”)
was listed on the Indonesia Stock Exchange. PT. CNI issued 208,360,000 additional new
shares at Indonesia Rupiah 200 each. Following the listing, the Group’s effective interest
in PT. CNI was deemed disposed and diluted to 27%. The gain on deemed disposal was
$20,000 (Note 25).
8. Intangible assets
Patented Customer
Order
Goodwill technology relationship Brand backlog Total
Group
$’000
$’000
$’000 $’000 $’000 $’000
Cost
At 1 July 2013
9,613
7,614
4,572
997 966 23,762
Net exchange
differences
326
259
155
34
34 808
At 30 June 2014
and 1 July 2014
9,939
7,873
4,727
1,031 1,000 24,570
Net exchange
differences
(1,213)
(961)
(577)
(126)
(122) (2,999)
At 30 June 2015
8,726
6,912
4,150
905 878 21,571
Accumulated
amortisation
At 1 July 2013
–
254
91
100 635 1,080
Amortisation
–
526
189
206 343 1,264
Net exchange
differences
–
8
3
3
22
36
At 30 June 2014
and 1 July 2014
–
788
283
309 1,000 2,380
Amortisation
–
486
175
191
–
852
Net exchange
differences
–
(121)
(44)
(48)
(122)
(335)
At 30 June 2015
–
1,153
414
452 878 2,897
Net carrying amount
At 30 June 2014
9,939
7,085
4,444
722
– 22,190
At 30 June 2015
8,726
5,759
3,736
453
– 18,674
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
121
