Page 155 - Annual Report 2015 - Mono Technology Public Company Limited

5.5 Investments
Investments in subsidiaries accounted for in the separate financial statements are stated at cost net of allowance for impairment loss (if any). The weighted average method is used for computation of the cost of investments.
5.6 Propertyandequipment/Depreciation
Land is stated at cost. Equipment is stated at cost less accumulated depreciation and allowance for loss on impairment of assets (if any).
Depreciation of equipment is calculated by reference to their costs on the straight-line basis over the following estimated useful lives:
Leasehold improvement
Furniture, fixtures and office equipment Computer and equipment
Motor vehicles
Depreciation is charged to profit or loss.
- 5, 10 - 4,5 - 3- 5 - 5
years years years years
No depreciation is provided on land and assets under installation.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use. Any gain or loss arising on disposal of an asset is included in profit or loss when the asset is derecognised.
5.7 Intangibleassets,costofspectrumlicenseandamortisation
Intangible assets and cost of spectrum license are recognised at cost, and for the cost of spectrum license was measured at the cash equivalent price based on the present value of the installments. The difference between the total payment to be made and the cash equivalent price is recognised as a finance cost over the license fee payment period, with the cost being amortised from the time the Company is ready to provide commercial service.
Following the initial recognition, intangible assets and cost of spectrum license are carried at cost less accumulated amortisation and accumulated impairment losses (if any).
Intangible assets and cost of spectrum license with finite lives are amortised on a systematic basis over the economic useful life and tested for impairment whenever there is an indication that an intangible asset may be impaired. The amortisation period and the amortisation method of such intangible assets are reviewed at least at each financial year end. The amortisation expense is charged to profit or loss.
A summary of the intangible assets with finite useful lives is as follows:
Cost of spectrum license
Cost of website
Films, music and video copyright
Other copyright Computer software
Useful lives
15 years
10 years
3, 5, 10 years or contract period
3, 5, 10 years or contract period 3, 5, 20 years
Annual Report 2015
155