FDS Networks Group (SGX:F07) Intangible Assets : S$0.00 Mil (As of Jun. 2013)

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What is FDS Networks Group Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. FDS Networks Group's intangible assets for the quarter that ended in Jun. 2013 was S$0.00 Mil.

FDS Networks Group Intangible Assets Historical Data

The historical data trend for FDS Networks Group'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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FDS Networks Group Intangible Assets Chart

FDS Networks Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Intangible Assets

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1.33

1.26

1.17

FDS Networks Group Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Intangible Assets	Get a 7-Day Free Trial			1.11	-	-	-	-

FDS Networks Group 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.

FDS Networks Group (SGX:F07) 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.

FDS Networks Group Intangible Assets Related Terms

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FDS Networks Group (SGX:F07) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FDS Networks Group Ltd. (SGX:F07) » Definitions » Intangible Assets

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Address

Website

http://www.fdsnetworks.com

FDS Networks Group Ltd., is incorporated in Bermuda. The Company is an investment holding company. The Company operates in four segments namely Network system integration, Distribution of networking products, Provision of technical services, and Asset management. The Network system integration segment designs and implements integrated telecommunication and/or data communication networks. Distribution of networking products segment is involved in the distribution of networking and communications hardware products covers cables, adapters, modems, multiplexers, routers, switches, frame relay products and security encryption products. Provision of technical services segment relates to after-sales technical support and services pursuant to agreed maintenance contracts. Asset management segment relates to activities on investments in quoted equities instruments.

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