186 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 2 MATERIAL ACCOUNTING POLICY INFORMATION (CONTINUED) 2.5 Goodwill and intangible assets (continued) Amortisation is calculated based on the cost of the asset, less its residual value. Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives for the current and comparative years are as follows: Technology 10 years (2024: 10 years) Customer contracts 10 years (2024: 10 years) Development costs 3 to 5 years (2024: 5 to 10 years) Patents 20 years (2024: 20 years) Amortisation methods, useful lives and residual values are reviewed at the end of each reporting period and adjusted if appropriate. 2.6 Property, plant and equipment (i) Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset. (ii) Depreciation Depreciation is recognised as an expense in profit or loss using the straight-line method to allocate the cost over the estimated useful lives of the property, plant and equipment, as follows: Office leases 3 years Plant and equipment leases 3 years Plant and machinery 5 years Motor vehicles 5 years Furniture and fittings 5 to 10 years Office equipment 5 years Office computers 3 years Depreciation is recognised from the date that the property, plant and equipment are installed and are ready for use, or in respect of internally constructed assets, from the date that the asset is completed and ready for use. Depreciation method and useful lives are reviewed at the end of each reporting period following the Group’s consideration of the asset condition, wear-and-tear, and technology change. The effect of any changes in estimate is accounted for on a prospective basis.
RkJQdWJsaXNoZXIy NTM2MDQ5