What is the meaning and significance of Intellectual Capital ? How can we represent this capital in our balance sheet ?

If we do a cost benifit analysis if we have a high valuatoin of intellectual capital we should have a high value of papents other wise the value of intellectual capital could be overvalued.

The value of a company or organization's employee knowledge, business training and any proprietary information that may provide the company with a competitive advantage. Intellectual capital is considered an asset, and can broadly be defined as the collection of all informational resources a company has at its disposal that can be used to drive profits, gain new customers, create new products, or otherwise improve the business. Some of the subsets of intellectual capital include human capital, information capital, brand awareness and instructional capital

Specialized knowledge, technical knowledge, skills, cognitive complexity and learning capacity. You can highlight the potentiality on performance sheet.