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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
11. INTANGIBLE ASSETS
(continued)
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
2015
Carrying value at beginning of year
Cost
12 580
712 861
254 754
1 605
981 800
Accumulated amortisation
–
(93 792)
(50 225)
(1 605)
(145 622)
Net balance at beginning of year
12 580
619 069
204 529
–
836 178
Current year movements – cost
Disposal of business (note 1.1)
–
–
(226)
–
(226)
Exchange rate adjustments
–
43 791
9 044
–
52 835
Cost movement for the year
–
43 791
8 818
–
52 609
Current year movements – accumulated
amortisation
*Charge for the year
–
(43 654)
(16 718)
(60 372)
Impairment
(1)
–
–
(74 432)
–
(74 432)
Exchange rate adjustments
–
(8 107)
(2 720)
–
(10 827)
Accumulated amortisation movement for
the year
–
(51 761)
(93 870)
–
(145 631)
Carrying value at end 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 end of year
12 580
611 099
119 477
–
743 156
(1)
Intangible assets have been impaired where the Group does not expect these assets to generate any future economic benefit.
Refer to Annexure G.
*Amortisation split as follows:
–
43 654
16 718
–
60 372
Continuing operations
–
9 811
–
–
9 811
Discontinued operations
–
33 843
16 718
–
50 561
Amortisation is included in fixed and administrative expenses and impairments in non-trading expenses in the statement of
comprehensive income.