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Yangzijiang Financial Holding (SGX:YF8) Intangible Assets : S$1.0 Mil (As of Dec. 2023)


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What is Yangzijiang Financial Holding Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Yangzijiang Financial Holding's intangible assets for the quarter that ended in Dec. 2023 was S$1.0 Mil.


Yangzijiang Financial Holding Intangible Assets Historical Data

The historical data trend for Yangzijiang Financial Holding'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.

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Yangzijiang Financial Holding Intangible Assets Chart

Yangzijiang Financial Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Intangible Assets
- - - 1.06 1.02

Yangzijiang Financial Holding Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Intangible Assets Get a 7-Day Free Trial - 1.14 1.06 1.03 1.02

Yangzijiang Financial Holding 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.


Yangzijiang Financial Holding  (SGX:YF8) 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.


Yangzijiang Financial Holding Intangible Assets Related Terms

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Yangzijiang Financial Holding (SGX:YF8) Business Description

Traded in Other Exchanges
Address
9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619
Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

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