100
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
14.
INTANGIBLE ASSETS
Note
Customer
contracts
Club
member-
ship
Computer
software
Work in
progress
Total
$’000
$’000
$’000
$’000
$’000
Group
Cost:
At 1 July 2013
1,639
–
344
–
1,983
Additions
–
–
15
290
305
Transfer from property,
plant and equipment
12
–
–
69
–
69
At 30 June 2014 and
1 July 2014
1,639
–
428
290
2,357
Additions
–
186
56
583
825
Exchange rate adjustments
–
–
7
–
7
At 30 June 2015
1,639
186
491
873
3,189
Accumulated amortisation:
At 1 July 2013
–
–
198
–
198
Amortisation for the year
132
–
86
–
218
At 30 June 2014 and
1 July 2014
132
–
284
–
416
Amortisation for the year
132
–
95
–
227
At 30 June 2015
264
–
379
–
643
Net carrying amount:
At 30 June 2014
1,507
–
144
290
1,941
At 30 June 2015
1,375
186
112
873
2,546
Customer contracts
Customer contracts relate to the existing cord blood and cord lining banking services contracts of the
subsidiaries acquired in FY2013, with useful lives ranging from 3 to 18 years.
