Intangible fixed assets are stated at cost less accumulated amortisation and any impairment losses. Amortisation is charged to the profit and loss account on a systematic basis over the estimated useful life of each asset, reflecting the pattern in which the asset’s economic benefits are expected to be consumed.
The company’s intangible assets include:
Licences and Agreements – These comprise, where applicable, environmental permits, planning permissions, utility connection agreements, and other legal or regulatory consents required for the development and operation of the plant. These assets are capitalised at cost and amortised on a straight-line basis over the life of the lease, the expected duration of the project, or the contractual term of the agreement, whichever is shorter.
Amortisation policies and useful lives are reviewed annually and adjusted where necessary.