172 CSE GLOBAL LIMITED NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 7. INTANGIBLE ASSETS (CONT’D) Licences The licences are related to industrial design rights for automatic chemical resistance starters for electric motors and rights to use Public Safety Long-Term Evolution network. Intellectual property rights Intellectual property rights relate to the patented and unpatented technologies of tracking system, lock device and water treatment system. Technical know-how Technical know-how relates to the know-how acquired to develop the water treatment system and low voltage switchgears. Company Licences $’000 Cost: At 1 January 2022, 31 December 2022, 1 January 2023 and 31 December 2023 1,612 Accumulated amortisation: At 1 January 2022 1,450 Amortisation for the year 162 At 31 December 2022 and 1 January 2023 and 31 December 2023 1,612 Net carrying value: At 31 December 2023 and 31 December 2022 − Amortisation of intangibles assets other than goodwill are included in the “Other expenses” line item in profit or loss.
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