NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 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, water treatment system, database ownership and web domain. Technical know-how Technical know-how relates to the know-how acquired to develop the low voltage switchgears. Company Licences $’000 Cost: At 1 January 2024, 31 December 2024, 1 January 2025 and 31 December 2025 1,612 Accumulated amortisation: At 1 January 2024, 31 December 2024, 1 January 2025 and 31 December 2025 1,612 Net carrying value: At 31 December 2025 and 31 December 2024 − Amortisation of intangibles assets other than goodwill are included in the “Other expenses” line item in profit or loss. ANNUAL REPORT 2025 157
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