Notes to the Consolidated Financial Statements
(Thousands of US dollars)
57
Dar Al-Maal Al-Islami Trust
Annual Report 2012
16. Intangible assets
Customer
Core
Goodwill
relations deposits
Other* Total
2012
Year ended 31 December
Opening net book amount
371,701 87,706 120,452 4,986 584,845
Additions
-
-
-
1,081 1,081
Foreign exchange
(1,080)
1,571 (1,571)
(1,253) (2,333)
Amortisation
-
(6,648) (9,791)
(1,942) (18,381)
Closing net book amount
370,621 82,629 109,090 2,872 565,212
At 31 December
Cost
406,135 118,850 170,478 20,493 715,956
Accumulated amortisation
and impairment
(35,514) (36,221) (61,388) (17,621) (150,744)
Net book amount
370,621 82,629 109,090 2,872 565,212
2011
Year ended 31 December
Opening net book amount
372,425 100,537 130,322 1,396 604,680
Additions
-
-
-
3,252 3,252
Foreign exchange
(724)
(4,973)
(81)
2,691 (3,087)
Amortisation
-
(7,858) (9,789)
(2,353) (20,000)
Closing net book amount
371,701 87,706 120,452 4,986 584,845
At 31 December
Cost
407,215 118,358 172,049 20,665 718,287
Accumulated amortisation
and impairment
(35,514) (30,652) (51,597) (15,679) (133,442)
Net book amount
371,701 87,706 120,452 4,986 584,845
* Other intangible assets included $3.4 million at 31 December 2012
(2011: $5.5 million) of computer software related to core banking systems,
which is being amortised over five years.
