Don't know if this helps....Page 12 Part 3. Intangibles (cont)
'The license fee relates to the Razer (Asia-Pacific) Pte Ltd Tournament Platform that has subsequently been re-named Mogul Arena and runs for an initial 2 yr Period.The Group is Amortising the cost of the License fee over the Period of the license'.
Amortising is a fancy way of saying....'Writing Off'.
So it looks like they are 'Writing Off' an 'intangible asset'.....Or Depreciation of that asset.
ESH Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
