{"id":3422,"date":"2012-09-28T06:04:05","date_gmt":"2012-09-28T04:04:05","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=3422"},"modified":"2012-09-22T06:06:16","modified_gmt":"2012-09-22T04:06:16","slug":"intangible-assets-note-in-the-annual-report","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/intangible-assets-note-in-the-annual-report\/","title":{"rendered":"Intangible assets note in the Annual Report"},"content":{"rendered":"<p>Intangible assets note is like property, plant and equipment one really. It\u2019s presented as <strong>reflecting movements for both current and prior period <\/strong>and similarly also for subgroups of intangible assets. The groups themselves obviously differ and are mostly something you can come up with on your own depending on your assets (i.e. \u201csoftware\u201d, \u201ctrademarks\u201d etc.). The way the note is build up is also having the subgroups as columns in which brought forward balances are followed by movements and ending in carried forward balances.\u00a0<!--more--><\/p>\n<p>The balances always shown for each of the subgroup are the cost value, accumulated depreciation and carrying value (cost value less accumulated depreciation). They are the brought and carried forward balances we\u2019re talking about.<\/p>\n<p>The movements (and their effect), which usually are present, are as follows:<\/p>\n<ul>\n<li>Additions \u2013 increase the cost value of the subgroup the asset was added to;<\/li>\n<li>Depreciation charge \u2013 increases accumulated depreciation of the subgroup the expense is charged;<\/li>\n<li>Write-offs and sales \u2013 decrease the cost value of the subgroup the asset was in by the amount the asset\u2019s cost value was and decrease accumulated depreciation of the subgroup by the amount the asset\u2019s accumulated depreciation was.<\/li>\n<\/ul>\n<p>As with PPE note you should disclose the sales price of any sold assets (just the total for all sold assets and not separately). If it\u2019s not significant or no sales were made it\u2019s not worth it, but if you\u2019ve made a considerable sale, it\u2019s suggested to disclose this information as well. Also, if you\u2019ve got unpaid balances for any items at the balance sheet date that are significant it\u2019s also suggested to disclose the amount of those unpaid balances in this note.<\/p>\n<p>In case your company holds any specific assets like trademarks it\u2019s recommended to disclose a bit more information about them \u2013 in case of trademarks for an example their name and how the company uses it etc. Nothing long or detailed, but a short description of\u00a0what the asset is.<\/p>\n<p>If you want to learn more about Annual Report,\u00a0<a title=\"Office ToDo UNI\" href=\"http:\/\/www.officetodo.com\/public\/uni\/\">please check out our Office ToDo UNI.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intangible assets note is like property, plant and equipment one really. It\u2019s presented as reflecting movements for both current and prior period and similarly also for subgroups of intangible assets. The groups themselves obviously differ and are mostly something you can come up with on your own depending on your assets (i.e. \u201csoftware\u201d, \u201ctrademarks\u201d etc.). [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,46],"tags":[],"class_list":["post-3422","post","type-post","status-publish","format-standard","hentry","category-4-reporting","category-4-1-annual-report"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3422"}],"version-history":[{"count":2,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3422\/revisions"}],"predecessor-version":[{"id":3425,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3422\/revisions\/3425"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}