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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Sound Global's intangible assets for the quarter that ended in Jun. 2019 was HK$968 Mil.
The historical data trend for Sound Global'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.
Sound Global Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 179.64 | 166.96 | 574.27 | 994.32 | 927.24 |
Sound Global Semi-Annual Data | ||||||||||||||||||||
Dec09 | Jun10 | Dec10 | Jun11 | Dec11 | Jun12 | Dec12 | Jun13 | Dec13 | Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | |
Intangible Assets | Get a 7-Day Free Trial | 706.02 | 994.32 | 1,010.24 | 927.24 | 967.70 |
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.
Sound Global (HKSE:00967) 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.
Thank you for viewing the detailed overview of Sound Global's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Century Plus Limited | 2101 Beneficial owner | |
China Cinda Asset Management Co., Ltd. | 2201 Interest of corporation controlled by you | |
Cinda Investment Co., Ltd. | 2201 Interest of corporation controlled by you | |
Cui Wanlin | 2201 Interest of corporation controlled by you | |
Jin Si Fang Investment (beijing) Company Limited | 2201 Interest of corporation controlled by you | |
Ningbo Meishan Baoshuigangqu Jinxin Tairun Investment Partnership (limited Partnership) | 2201 Interest of corporation controlled by you | |
Hainan Jianxin Investment Management Co., Ltd. | 2201 Interest of corporation controlled by you | |
Wen Yibo | 2201 Interest of corporation controlled by you | |
Zhang Huiming | 2202 Interest of your spouse | |
Sound Water (bvi) Limited | 2101 Beneficial owner | |
Changxing Sound Investment Partnership (limited Partnership) | 2106 Person having a security interest in shares | |
Shoutai Jinxin (beijing ) Fund Investment & Management Co. Ltd | 2201 Interest of corporation controlled by you | |
Shoutai Jinxin (changxing) Investment & Management Co. Ltd. | 2201 Interest of corporation controlled by you |
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