REG - Frontier Dev PLC - Final Results <Origin Href="QuoteRef">FDEV.L</Origin> - Part 2

Frontier DevelopmentsAnnouncement

07/09/2017 07:00

- Part 2: For the preceding part double click  ID:nRSG0082Qa 

33,943,972   33,812,840   
 Dilutive effect of share options                                                                                                                                                                                                                                         502,045      1,490,133    
 Diluted average number of shares                                                                                                                                                                                                                                         34,446,017   35,302,973   
 
 
5.  INTANGIBLE ASSETS 
 
Intangible assets comprise capitalised development tools and self-published
software from internal development activities and acquired software licences. 
 
                                                                          Development tools and licences£'000  Self-published software£'000  Third party software£'000  Total£'000  
                                                                                                                                                                                    
 Cost                                                                                                                                                                               
 At 31 May 2015                                                           4,342                                13,141                        994                        18,477      
 Additions - arising from capitalised development expenses and purchases  398                                  8,459                         108                        8,965       
 Disposals                                                                (774)                                -                             -                          (774)       
 At 31 May 2016                                                           3,966                                21,600                        1,102                      26,668      
 Additions - arising from capitalised development expenses and purchases  571                                  9,076                         157                        9,804       
 Disposals                                                                -                                    -                             (915)                      (915)       
 At 31 May 2017                                                           4,537                                30,676                        344                        35,557      
                                                                                                                                                                                    
 Amortisation and impairment                                                                                                                                                        
 At 31 May 2015                                                           2,252                                4,221                         903                        7,376       
 Amortisation charges                                                     1,127                                2,153                         96                         3,376       
 Disposals                                                                (774)                                -                             -                          (774)       
 At 31 May 2016                                                           2,605                                6,374                         999                        9,978       
 Amortisation charges                                                     874                                  3,655                         94                         4,623       
 Disposals                                                                -                                    -                             (915)                      (915)       
 At 31 May 2017                                                           3,479                                10,029                        178                        13,686      
                                                                                                                                                                                    
 Net book value at 31 May 2016                                            1,361                                15,226                        103                        16,690      
 Net book value at 31 May 2017                                            1,058                                20,647                        166                        21,871      
 
 
During the period ended 31 May 2017 the Group performed a detailed review of
the intangible asset register, and as a result a number of assets were written
off.  The assets disposed of were fully amortised and therefore there was no
impact on the net book value of assets held. 
 
The majority of amortisation charges for intangible assets are expensed with
research and development expenses.  A small proportion of amortisation charges
for third party software are charged to administrative expenses. 
 
This information is provided by RNS
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