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53NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2012(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)3. Property, plant and equipment (continued)The Group completed the construction of a new press facility in January 2008. The carrying amount of the new press at 31 December 2012 was $55.5 (2011: $58.5). The new press facility was financed by a related party finance lease arrangement. The amount of borrowing cost capitalised during the year ended 31 December 2012 was Nil (2011: Nil). The carrying value of assets held under finance lease arrangements amounted to $26.2 (2011: $34.2) at year end.4. Intangible assets Licence Goodwill Total $ $ $ Cost At 1 January 2011 %u2013 3,374 3,374Acquisition of a subsidiary 6,099 %u2013 6,099At 31 December 2011 6,099 3,374 9,473Additions %u2013 %u2013 %u2013At 31 December 2012 6,099 3,374 9,473Amortisation and impairmentAt 1 January 2011 %u2013 %u2013 %u2013Impairment charge for the year %u2013 %u2013 %u2013At 31 December 2011 %u2013 %u2013 %u2013Impairment charge for the year %u2013 %u2013 %u2013At 31 December 2012 %u2013 %u2013 %u2013Net carrying amount:At 31 December 2011 6,099 3,374 9,473At 31 December 2012 6,099 3,374 9,473Guardian_Media_Annual_Report2012.indd 53 4/17/13 7:31 PM