21 | Intangible assets
| in TUSD | Total |
|---|---|
| Cost | |
| Balance as at 1 January 2020 | 8,831 |
| Additions | 575 |
| Reclassifications | 486 |
| Balance as at 31 December 2020 | 9,892 |
| Additions | 18,440 |
| Reclassifications | 0 |
| Balance as at 31 December 2021 | 28,332 |
| Accumulated depreciation | |
| Balance as at 1 January 2020 | 4,228 |
| Amortisation | 2,838 |
| Reclassifications | 0 |
| Balance as at 31 December 2020 | 7,067 |
| Amortisation | 1,258 |
| Reclassifications | 0 |
| Balance as at 31 December 2021 | 8,325 |
| Net carrying amount | |
| As at 31 December 2020 | 2,826 |
| As at 31 December 2021 | 20,007 |
FIFA launched its enterprise resource planning (ERP) system in 2018, with total acquisition costs of USD 5.4 million. In 2021, costs of USD 18.1 million were capitalised in connection with a created platform, representing intangible assets under development.
Together with other related software totalling USD 4.8 million, intangible assets at cost amounted to USD 28.3 million as at 31 December 2021.
The total amortisation of intangible assets amounted to USD 1.3 million (2020: USD 1.8 million). IT and communication systems are depreciated on a straight-line basis over the estimated useful life of three to five years.
