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 consumed.
The company’s intangible assets include:
Grid and Gas Connection Offers – These represent non-refundable payments made to secure access to utility infrastructure essential to the site’s operation. These are amortised on a straight-line basis over 20 years.
Licences and Agreements – These relate to permits or licences issued for the setup of the gas peaking plant. These are amortised on a straight-line basis over the life of the licence or the lease, whichever is shorter.
Amortisation policies and useful lives are reviewed annually and adjusted if necessary.