Page 123 - Demo

54.6 Other intangible assetsIntangible assets acquired through business combination are initially recognised at their fair value on the date of business acquisition while intangible assets acquired in other cases are recognised at cost. Following the initial recognition, the intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment losses (if any). Intangible assets with finite lives are amortised on the straight-line basis over the economic useful life and tested for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method of such intangible assets are reviewed at least at each financial year end. The amortisation expense is charged to profit or loss.A summary of the intangible assets with finite useful lives is as follows:Intangible asset acquired through business combination - customer contacts 7 yearsComputer programmes and software licences 5 yearsTrademark 10 yearsLicense fees - books Determined by the higher of amortisation amount between straight-line basis within periods of 3 to 5 years and the calculation based on the number of books that are printed or sold under that copyright contractNo amortisation is provided on software under development.4.7 Business combination and goodwillBusiness combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at the acquisition date fair value, the amount of any non-controlling interests in the acquiree and the acquisition date fair value of the Group%u2019s previously held equity interest in the acquiree, in a business combination achieved in stages.For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree%u2019s identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses.Super Turtle Public Company Limited 121Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment