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12. INTANGIBLE ASSETS, net
Movement of intangible assets during the year ended 31 December 2014 is as follows:
Movement of intangible assets during the year ended 31 December 2013 is as follows:
Other
Customer
Rights
Intangibles
List
Total
Cost at 1 January 2014
66,926,283
35,115,271
32,285,000
134,326,554
Additions
2,897,193
5,498,375
-
8,395,568
Transfers
79,772
-
-
79,772
Currency translation reserve
(288,965)
(1,840,072)
-
(2,129,037)
Cost at 31 December 2014
69,614,283
38,773,574
32,285,000
140,672,857
Accumulated amortization at 1 January 2014
(40,271,689)
(22,977,481)
(3,228,500)
(66,477,670)
Charge for the year
(3,205,366)
(4,885,764)
(3,228,500)
(11,319,630)
Currency translation reserve
217,621
916,004
-
1,133,625
Accumulated amortization at 31 December 2014
(43,259,434)
(26,947,241)
(6,457,000)
(76,663,675)
Net book value at 31 December 2014
26,354,849
11,826,333
25,828,000
64,009,182
Other
Customer
Rights
Intangibles
List
Total
Cost at 1 January 2013
53,488,006
23,729,584
32,285,000
109,502,590
Additions
13,460,146
10,808,259
-
24,268,405
Disposals
(87,526)
(52,907)
-
(140,433)
Transfers
(125,398)
-
-
(125,398)
Currency translation reserve
191,055
630,335
-
821,390
Cost at 31 December 2013
66,926,283
35,115,271
32,285,000
134,326,554
Accumulated amortization at 1 January 2013
(36,514,378)
(18,986,720)
-
(55,501,098)
Charge for the year
(3,796,556)
(3,760,178)
(3,228,500)
(10,785,234)
Disposals
41,851
2,628
-
44,479
Currency translation reserve
(71,703)
(233,211)
-
(304,914)
Transfer
69,097
-
-
69,097
Accumulated amortization at 31 December 2013
(40,271,689)
(22,977,481)
(3,228,500)
(66,477,670)
Net book value at 31 December 2013
26,654,594
12,137,790
29,056,500
67,848,884
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)