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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
11. INTANGIBLE ASSETS
Goodwill
R'000
Trademarks
and market-
related
intangibles
R'000
Customer-
related
intangibles
and licence
agreements
R'000
Manu-
facturing-
related
intangibles
R'000
Total
R'000
2016
Carrying value at beginning of year
Cost
12 580
756 652
263 572
1 605
1 034 409
Accumulated amortisation
–
(145 553)
(144 095)
(1 605)
(291 253)
Net balance at beginning of year
12 580
611 099
119 477
–
743 156
Current year movements – cost
Reclassification to assets held-for-sale (note 2.2)
–
(596 734)
(158 414)
(1 605)
(756 753)
Disposals
–
(2 018)
–
–
(2 018)
Exchange rate adjustments
–
77 071
4 746
–
81 817
Cost movement for the year
–
(521 681)
(153 668)
(1 605)
(676 954)
Current year movements – accumulated
amortisation
*Charge for the year
–
(9 167)
6
–
(9 161)
Reclassification to assets held-for-sale (note 2.2)
–
231 561
142 478
1 605
375 644
Disposals
–
330
–
–
330
Impairment of asset transferred to held-for-sale
(1)
–
(135 180)
–
–
(135 180)
Impairment
(1)
–
(3 149)
–
–
(3 149)
Exchange rate adjustments
–
(12 320)
(6 296)
–
(18 616)
Accumulated amortisation movement for
the year
–
72 075
136 188
1 605
209 868
Carrying value at end of year
Cost
12 580
234 971
109 904
–
357 455
Accumulated amortisation
–
(73 478)
(7 907)
–
(81 385)
Net balance at end of year
12 580
161 493
101 997
–
276 070
(1)
Refer to Annexure G on impairments.
*Amortisation split as follows:
–
9 167
(6)
–
9 161
Continuing operations
–
9 050
–
–
9 050
Discontinued operations
–
117
(6)
–
111
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS