Page 120 - Annual Report 2019
P. 120
117 ANNUAL REPORT 2019 QFC REGULATORY AUTHORITY FINANCIAL STATEMENTS
Software development
Computer software Software development cost capital work in progress Total
Amortisation USD ‘000 USD ‘000 USD ‘000 USD ‘000
At 1 January 2018 549 1,921 - 2,470
Charge for the year 83 327 - 410
Balance at 31 December 2018 632 2,248 - 2,880
Charge for the year 57 348 - 405
Retirement (86) - - (86)
At 31 December 2019 603 2,596 - 3,199
Net carrying amounts
31 December 2019 10 19 67 96
31 December 2018 67 359 22 448
