Annual Report 2016
159
Financial Section
20 Intangible Assets
Goodwill
Operating
rights
Total
HK$m
HK$m
HK$m
Cost
At 1 July 2015
2,697.0
635.5
3,332.5
Translation differences
(120.1)
–
(120.1)
Acquisition of a subsidiary
2.5
–
2.5
Addition
–
0.8
0.8
At 30 June 2016
2,579.4
636.3
3,215.7
Accumulated amortisation and impairment
At 1 July 2015
273.1
195.3
468.4
Amortisation
–
45.0
45.0
At 30 June 2016
273.1
240.3
513.4
Net book value
At 30 June 2016
2,306.3
396.0
2,702.3
Goodwill
Trademarks
Hotel
management
contracts
Process,
technology
and
know-how
Customer
relationships
Operating
rights
Total
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
Cost
At 1 July 2014
2,950.7
678.5
488.6
38.9
544.8
634.8
5,336.3
Acquisition of
subsidiaries
81.4
–
–
–
–
0.7
82.1
Transfer between
intangible assets
and non-current
assets classified as
assets held for sale
(335.1)
(678.5)
(488.6)
(38.9)
(544.8)
–
(2,085.9)
At 30 June 2015
2,697.0
–
–
–
–
635.5
3,332.5
Accumulated
amortisation and
impairment
At 1 July 2014
318.9
–
100.2
11.4
79.4
163.9
673.8
Amortisation
–
–
23.6
3.9
27.2
31.4
86.1
Impairment
44.1
–
56.4
–
–
–
100.5
Transfer between
intangible assets
and non-current
assets classified as
assets held for sale
(89.9)
–
(180.2)
(15.3)
(106.6)
–
(392.0)
At 30 June 2015
273.1
–
–
–
–
195.3
468.4
Net book value
At 30 June 2015
2,423.9
–
–
–
–
440.2
2,864.1
