NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 14. RIGHT-OF-USE ASSETS Leasehold building Office equipment Total $’000 $’000 $’000 Cost Balance as at 1 April 2022 and 31 March 2023 – – – Additions 647 396 1,043 Balance as at 31 March 2024 647 396 1,043 Accumulated depreciation Balance as at 1 April 2022 and 31 March 2023 – – – Depreciation charge 144 46 190 Balance as at 31 March 2024 144 46 190 Carrying Amount Balance as at 31 March 2024 503 350 853 The University leases several assets including leasehold land and building and office equipment. The lease terms of leasehold land and building and office equipment are 3 years and 5 years respectively. 15. INTANGIBLE ASSETS 2024 2023 $’000 $’000 Computer software licenses costs Cost Balance as at 1 April 15,240 13,108 Additions 2,318 2,766 Reclassified from property, plant and equipment (Note 13) 85 1,130 Disposals (116) (1,764) Balance as at 31 March 17,527 15,240 Accumulated amortisation Balance as at 1 April 10,900 11,000 Amortisation 1,685 1,562 Disposals (116) (1,662) Balance as at 31 March 12,469 10,900 Carrying Amount 5,058 4,340 p. 81 ANNUAL REPORT 2023/24
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