18. |
INTANGIBLE ASSETS |
Computer software
|
|
2017 |
|
|
2016 |
|
||
|
|
US$’000 |
|
|
US$’000 |
|
||
Cost |
|
|
|
|
|
|
|
|
At January 1 |
|
|
510 |
|
|
|
387 |
|
Addition |
|
|
10 |
|
|
|
126 |
|
Disposals |
|
|
(18 |
) |
|
- |
|
|
Exchange difference |
|
|
24 |
|
|
|
(3 |
) |
At December 31 |
|
|
526 |
|
|
|
510 |
|
Accumulated amortization |
|
|
|
|
|
|
|
|
At January 1 |
|
|
(337 |
) |
|
|
(294 |
) |
Amortization |
|
|
(49 |
) |
|
|
(46 |
) |
Disposals |
|
|
18 |
|
|
- |
|
|
Exchange difference |
|
|
(20 |
) |
|
|
3 |
|
At December 31 |
|
|
(388 |
) |
|
|
(337 |
) |
Net book value |
|
|
|
|
|
|
|
|
At December 31 |
|
|
138 |
|
|
|
173 |
|
The cost of acquiring software is capitalized separately as an intangible asset on the basis of the costs incurred to acquire and bring to use the specific software. Intangible assets are stated at cost less accumulated amortization. Amortization of intangible assets are charged to operating expenses and cost on a straight-line basis over 5 years from the date they are available for use.