Notes to the Financial Statements
12. Intangible assets
2021 | |
|---|---|
€’000 | |
Cost or valuation | |
At 1 January | 1,676 |
Additions during year | 40 |
At 31 December | 1,716 |
Accumulated Amortisation | |
At 1 January | 1,322 |
Charge for year | 94 |
At 31 December | 1,416 |
Net Book Amounts | |
At 1 January | 354 |
At 31 December | 300 |
Intangible assets comprise externally developed computer software which is amortised over their estimated useful lives using the straight-line method. Amortisation commences when the asset is ready for its intended use.