ANNUAL REPORT 2014
85
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
14. INTANGIBLE ASSETS
(CONTINUED)
(b)
Trademarks and deferred expenditure
Trademarks
Deferred
expenditure
$’000
$’000
The Group
Net book value
2014 and 2013
Beginning and end of financial year
–
–
At 31 December 2014 and 2013:
Cost
3,200
1,400
Less: Accumulated amortisation
(3,200)
(1,400)
Net book value
–
–
Trademarks
$’000
The Company
Net book value
2014 and 2013
Beginning and end of financial year
–
At 31 December 2014 and 2013:
Cost
2,000
Less: Accumulated amortisation
(2,000)
Net book value
–
The Company and its wholly-owned subsidiary, Haw Par Brothers International (HK) Ltd ("HPBIHK") own the
"Tiger" (Cost: $2.0 million) and "Kwan Loong" ("Double Lion") (Cost: HK$5.58 million) trademarks respectively.
The Company and HPBIHK (together "the Licensors"), licensed to Haw Par Healthcare Limited ("HPH"),
another wholly-owned subsidiary, the exclusive right to manufacture, distribute, market and sell "Tiger" and
"Kwan Loong" products worldwide until 31 December 2037 and can be renewable for a further period of 25
years on terms to be mutually agreed between the Licensors and HPH.
