NOTES TO
FINANCIAL STATEMENTS
77
GDS Global Limited Annual Report 2015
As at 30 September 2015
10 INTANGIBLE ASSET
Patent
$
Group
Cost:
At 1 October 2013 and 30 September 2014 and 2015
1,698,040
Accumulated amortisation:
At 1 October 2013
243,699
Amortisation
94,336
At 30 September 2014
338,035
Amortisation
94,335
At 30 September 2015
432,370
Carrying amount:
At 30 September 2015
1,265,670
At 30 September 2014
1,360,005
The intangible asset pertains to a patent which has a finite useful life. Amortisation is charged using
the straight-line method over its estimated useful life of 18 years.
The amortisation expense has been included in the line item “administrative expenses” in profit or
loss.
11 SUBSIDIARIES
Company
2015
2014
$
$
Unquoted equity shares, at cost
2,697,950
2,349,800
During the financial year, the Company increased its shareholdings in a subsidiary, Gliderol
Doors Asia Limited, from 825,000 ordinary shares to 1,650,000 ordinary shares by subscribing an
additional 825,000 ordinary shares at NTD10 each totalling $348,150 (NTD8,250,000). Subsequent
to the additional investment, Gliderol Doors Asia Limited remains as a 55% subsidiary of the
Company.
