7

Intangible assets

Intangible assets consist of the following:

(' Million)

Particulars

Software licenses

Customer

Contracts/Relations

Total

COST

At January 1, 2017

536.40

142.44

678.84

Additions

62.88

-

62.88

Disposals

-

-

-

Translation exchange difference

(4.53)

(0.57)

(5.10)

At December 31, 2017

594.75

141.87

736.62

ACCUMULATED AMORTISATION

At January 1, 2017

410.20

34.19

444.39

Amortisation for the year

86.89

31.78

118.67

Disposals

-

-

-

Translation exchange difference

(3.02)

(0.48)

(3.50)

At December 31, 2017

494.07

65.49

559.56

NET CARRYING AMOUNT

At December 31, 2017

100.68

76.38

177.06