15. Intangible assets
| Cost €000 |
Accumulated amortisation €000 |
Net book value €000 |
|
|---|---|---|---|
| Opening Balance | - | - | - |
| Acquisitions during the period | 576 | - | 576 |
| Amortisation for the period | - | (71) | (71) |
| Balance at 31 December 2015 | 576 | (71) | 505 |
Intangible assets comprises IT Software purchased by the Company during the period. Amortisation charged during the period is included in operating expenses in the Income Statement.
There were no impairment losses incurred on the software assets during the financial period.