IA is growing in importance. According to a press release by IPOS, more than 90% of value from the S&P 500 is made up of intangible assets. With the growing importance of IA, the IDF provides a systematic and consistent way to disclose and communicate IA such as brand value, patents or registered designs. Enterprises are also encouraged to disclose IA beyond those recognised under the accounting standards (e.g., human capital and/or internally generated intangibles) under the voluntary framework.
A new framework to disclose and communicate the value of intangible assets (IA) was launched on Sept 4, alongside new resources to help enterprises manage and commercialise their intellectual property (IP).
The Intangibles Disclosure Framework (IDF), unveiled by the Intellectual Property Office of Singapore (IPOS) and Accounting and Corporate Regulatory Authority (ACRA), is among the first in the world.
