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Any subsequent costs incurred in maintaining the serviceability of the infrastructure is expensed as incurred
unless such cost relate to major upgrades which increase the income generating ability of the infrastructure.
These costs are capitalised as part of the Service Concession intangible asset and are amortised on a straight-
line basis over the remaining period of the Concession Arrangement.
b) Trademarks and Licences
Acquired trademarks and licences are shown at historical cost. Trademarks and licences have a finite useful
life and are carried at cost less accumulated amortisation. Amortisation is calculated using the straight-line
method to allocate the cost of trademarks and licences over their estimated useful lives.
c) Computer Software
Acquired computer software licences are capitalised on the basis of the costs incurred to acquire and bring
to use the specific software. These costs are amortised over their estimated useful lives ( to 4 years).
Costs associated with developing or maintaining computer software programmes are recognised as an
expense as incurred. Costs that are directly associated with the development of identifiable and unique
software products controlled by the Company, and that will probably generate economic benefits exceeding
costs beyond one year, are recognised as intangible assets. Costs include the employee costs incurred as a
result of developing software and an appropriate portion of relevant overheads.
Computer software development costs that recognised as assets are amortised over their estimated useful
lives ( to 4 years).
2.5 Impairment of non-Financial Assets
Assets that have an indefinite useful life, for example goodwill, are not subject to amortisation and are
tested annually for impairment. Assets, such as the Service Concession intangible asset, that are subject
to amortisation are reviewed for impairment whenever events or changes in circumstances indicate that
the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which
the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an
asset’s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are
grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units).
Non-financial assets other than goodwill that suffered impairment are reviewed for possible reversal of
the impairment at each reporting date.
2.6 Financial Assets
The Company classifies its financial assets in the following categories: at fair value through profit or loss,
loans and receivables, and available for sale. The classification depends on the purpose for which the
financial assets were acquired. Management determines the classification of its financial assets at initial
recognition.
a) Financial Assets at Fair Value through Profit or Loss
Financial assets at fair value through profit or loss are financial assets held for trading. A financial asset is
classified in this category if acquired principally for the purpose of selling in the short term. Derivatives are
classified as held for trading unless they are designated as hedges. Assets in this category are classified as
current assets.
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unless such cost relate to major upgrades which increase the income generating ability of the infrastructure.
These costs are capitalised as part of the Service Concession intangible asset and are amortised on a straight-
line basis over the remaining period of the Concession Arrangement.
b) Trademarks and Licences
Acquired trademarks and licences are shown at historical cost. Trademarks and licences have a finite useful
life and are carried at cost less accumulated amortisation. Amortisation is calculated using the straight-line
method to allocate the cost of trademarks and licences over their estimated useful lives.
c) Computer Software
Acquired computer software licences are capitalised on the basis of the costs incurred to acquire and bring
to use the specific software. These costs are amortised over their estimated useful lives ( to 4 years).
Costs associated with developing or maintaining computer software programmes are recognised as an
expense as incurred. Costs that are directly associated with the development of identifiable and unique
software products controlled by the Company, and that will probably generate economic benefits exceeding
costs beyond one year, are recognised as intangible assets. Costs include the employee costs incurred as a
result of developing software and an appropriate portion of relevant overheads.
Computer software development costs that recognised as assets are amortised over their estimated useful
lives ( to 4 years).
2.5 Impairment of non-Financial Assets
Assets that have an indefinite useful life, for example goodwill, are not subject to amortisation and are
tested annually for impairment. Assets, such as the Service Concession intangible asset, that are subject
to amortisation are reviewed for impairment whenever events or changes in circumstances indicate that
the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which
the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an
asset’s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are
grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units).
Non-financial assets other than goodwill that suffered impairment are reviewed for possible reversal of
the impairment at each reporting date.
2.6 Financial Assets
The Company classifies its financial assets in the following categories: at fair value through profit or loss,
loans and receivables, and available for sale. The classification depends on the purpose for which the
financial assets were acquired. Management determines the classification of its financial assets at initial
recognition.
a) Financial Assets at Fair Value through Profit or Loss
Financial assets at fair value through profit or loss are financial assets held for trading. A financial asset is
classified in this category if acquired principally for the purpose of selling in the short term. Derivatives are
classified as held for trading unless they are designated as hedges. Assets in this category are classified as
current assets.
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