Page 58 - QFCRA Annual Report 2014

es to the Financial
Statements

FOR THE YEAR ENDED 31 DECEMBER 2014

5. INTANGIBLE ASSETS Software Software In USD ‘000
Development Development
Cost Capital work in Total
cost
Balance at 1 January 2013 progress 805
Additions 755
Transfers in / (Out) 744 61
Balance at 31 December 2013 62 693 -
Additions 61 (61) 1,560
Transfers in / (Out) 693 1,015
Balance at 31 December 2014 867 801
214 (693) -
Accumulated amortisation 693 801 2,575
1,774
Balance at 1 January 2013
Charge for the year 459 - 459
Balance at 31 December 2013 234 - 234
Charge for the year 693 - 693
Balance at 31 December 2014 243 - 243
936 - 936
Net book value
838 801 1,639
31 December 2014 174 693 867
31 December 2013

58 ANNUAL REPORT 2014