Notes to the Financial Statements
13. Intangible assets
2023 | |
|---|---|
€’000 | |
Cost or valuation | |
At 1 January 2023 | 1,853 |
Additions during year | 198 |
At 31 December 2023 | 2,051 |
Accumulated Amortisation | |
At 1 January 2023 | 1,524 |
Charge for year | 92 |
At 31 December 2023 | 1,616 |
Net Book Amounts | |
At 1 January 2023 | 329 |
At 31 December 2023 | 435 |
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.