Notes to the Financial Statements
13. Intangible assets
2022 | |
|---|---|
€’000 | |
Cost or valuation | |
At 1 January 2022 | 1,716 |
Additions during year | 137 |
At 31 December 2022 | 1,853 |
Accumulated Amortisation | |
At 1 January 2022 | 1,416 |
Charge for year | 108 |
At 31 December 2022 | 1,524 |
Net Book Amounts | |
At 1 January 2022 | 300 |
At 31 December 2022 | 329 |
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.