Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

Notes to the Financial Statements 11313 INTANGIBLE ASSETS Note 2007 2006(Rupees in ‘000)Software 13.1 6,755 32,372Goodwill 13.2 - . 107,3796,755 139,751Cost at Additions / Disposal Cost at Accumulated Amortisation Amortisation Accumulated Net book AmortisationOctober 1, (deletions) as part of September 30, amortisation for the year / on disposal amortisation at value at rate as a2006 discontinued 2007 at October 1, (deletions) as part of September 30, September 30, % of costoperations 2006 discontinued 2007 2007operations----------------------------------------------------------------(Rupees in ‘000)----------------------------------------------------------------13.1 Software 81,230 3,355 (5,274) 79,079 48,858 25,779 (2,293) 72,324 6,755 33.33(232) (20)2007 81,230 3,355 (5,274) 79,079 48,858 25,779 (2,293) 72,324 6,755(232) (20)2006 76,476 4,754 - . 81,230 22,084 26,774 - . 48,858 32,37213.2 Goodwill Note 2007 2006(Rupees in ‘000)Opening balance 107,379 - .Additions during the year 4 266,961 113,031Amortisation for the year 3.5.2 - . (5,652)Allocated to COM Carrier activities (discontinued operation - note 27) (374,340) - .Goodwill carried in the balance sheet - . 107,37913.3 Depreciation and amortisation have been allocated as follows:Depreciation Amortisation 2007 2006Total TotalNote ------------------------------(Rupees in ‘000)------------------------------Cost of sales 21.1 122,619 14,808 137,427 143,587Marketing and selling expenses 22 57,024 8,210 65,234 60,053General administration expenses 23 19,690 2,761 22,451 16,206199,333 25,779 225,112 219,84613.4 Details of property, plant and equipment and intangible assets disposed off during the yearOriginal Accumulated Net book Sale Mode ofcost depreciation value proceeds disposal-------------------------(Rupees in ‘000)------------------------Buildings on leasehold / freehold landsItems with book value below Rs 50,000 21 21 - . - .21 21 - . - .Plant and machineryItems with book value below Rs 50,000 9,509 9,034 475 3,3689,509 9,034 475 3,368Tools and patternsItems with book value below Rs 50,000 14,365 14,365 - . - .14,365 14,365 - . - .Furniture and equipmentFujitsu Siemens note book 105 26 79 96 Insurance claimFujitsu Siemens note book 93 39 54 90 Insurance claimItems with book value below Rs 50,000 8,076 7,854 222 3328,274 7,919 355 518VehiclesToyota Corolla 879 165 714 890 Insurance claimSuzuki Cultus 595 161 434 570 Insurance claimSuzuki Cultus 620 207 413 580 Insurance claimItems with book value below Rs 50,000 30,423 30,379 44 12,28532,517 30,912 1,605 14,325Intangible assetsPrimavera Project planner 232 20 212 232 Returned to Supplier232 20 212 232Total 64,918 62,271 2,647 18,443