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Richly Field China Development (HKSE:00313) Intangible Assets : HK$109.04 Mil (As of Sep. 2023)


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What is Richly Field China Development Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Richly Field China Development's intangible assets for the quarter that ended in Sep. 2023 was HK$109.04 Mil.


Richly Field China Development Intangible Assets Historical Data

The historical data trend for Richly Field China Development's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Richly Field China Development Intangible Assets Chart

Richly Field China Development Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 761.35 109.52 118.39 123.30 114.30

Richly Field China Development Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.11 123.30 110.64 114.30 109.04

Richly Field China Development Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.


Richly Field China Development  (HKSE:00313) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Richly Field China Development Intangible Assets Related Terms

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Richly Field China Development (HKSE:00313) Business Description

Traded in Other Exchanges
N/A
Address
No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG
Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.
Executives
Galaxy Sharp Investment Holdings Limited 2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited 2201 Interest of corporation controlled by you
Wu Peipei 2201 Interest of corporation controlled by you
Wang Hua 2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si 2101 Beneficial owner
Du Wei 2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si 2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si 2201 Interest of corporation controlled by you

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