What are Intangible Fixed Assets?



Intangible Fixed Assets
Recognising the importance of intangible fixed assets, this new category has been specifically provided with sub-classification in the notes as below :
  1. Goodwill
  2. Brands/trademarks
  3. Computer software
  4. Mastheads and publishing titles
  5. Mining rights
  6. Copyrights and patents and other intellectual property rights, services and operating rights
  7. Recipes, formulae, models, designs and prototypes
  8. Licenses and franchise
  9. Others (specifying nature)
Other requirements are similar to those relating to tangible fixed assets.