WindarPhotonics AnnualReport 2018 All - Flipbook - Page 65
17. Intangible assets
Group Development projects
€
Cost
At 1 January 2017
2,513,734
Additions – internally developed
333,480
Grants received
(152,447)
Exchange differences
(3,698)
At 31 December 2017
Additions – internally developed
Grants received
Exchange differences
2,691,069
415,456
(108,779)
(8,651)
At 31 December 2018
2,989,095
Accumulated amortisation
At 1 January 2017
1,330,059
Charge for the year
Exchange differences
At 31 December 2017
494,709
(2,293)
Charge for the year
Exchange differences
1,822,475
189,557
(5,825)
At 31 December 2018
2,006,207
Net carrying value
At 1 January 2017
1,183,675
At 31 December 2017
At 31 December 2018
868,594
982,888
The Group has received Research and Development Grants from Energiteknologisk Udvikling og Demonstration
Projekt of €108,779 (2017: €152,447) in respect of the capitalised research and development. The Group can
claim a further €Nil (2017: €174,342) of grants in future years in respect of on-going Research and Development.
Windar Photonics - Annual Report and Accounts 2018
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