Page 123 - Annual Report 2016 EN

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[5] INTANGIBLE ASSETS

Computer Software Software develop- Total
software development cost ment capital work in USD ‘000
USD ‘000 USD ‘000 progress
USD ‘000
Cost:
At 1 January 2015 559 1,774 801 3,134

Additions during the year 185 221 - 406
Additions during the year 286 499 (801) (16)

Write-off during the year (35) - - (35)
Balance at 31 December 2015 995 2,494 - 3,489
Write-off during the year (307) - - (307)

At 31 December 2016 688 2,494 - 3,182

Amortisation:

At 1 January 2015 502 936 - 1,438
Charge for the year 134 323 - 457
Relating to write-off (35) - - (35)

Balance at 31 December 2015 601 1,259 - 1,860
Charge for the year 128 337 - 465
Relating to write-off (305) - - (305)

At 31 December 2016 424 1,596 - 2,020

Net carrying amounts:
31 December 2016 264 898 - 1,162

31 December 2015 394 1,235 - 1,629