Adcock Ingram Integrated Report 2018

127 ADCOCK INGRAM  Integrated Report 2018 Annexure G – Impairments A. IMPAIRMENTS IN SUBSIDIARIES 1 INTANGIBLES 2018 2017 R’000 R'000 The intangible impaired in the current year related to the following brand: Reportable segment Brand Consumer Derma Hydrate 2 700 – The brand has underperformed and is not forecasted to achieve the same level of profitably as initially expected which contributed to the impairment in the current financial year. 2 OTHER Reportable segment Asset Southern Africa Other financial assets - Black Managers Share Trust (BMT) 2 535 217 As a result of the on-distribution of dividend income, in the accounts of the corporate beneficiaries of the BMT share option scheme, the cost of the capital contributions exceeded the terminal amount. This required an impairment of this asset in the current and prior year. Total 5 235 217 B. IMPAIRMENTS IN JOINT VENTURES 1 OTHER ASSETS Reportable segment Asset National Renal Care (Pty) Ltd Loans Receivable 1 655 – The recoverability of amnounts due, granted in terms of an Enterprise and Supplier Development Plan became unlikely following a decline in trading conditions. 2 INTANGIBLES Reportable segment Asset National Renal Care (Pty) Ltd Goodwill 10 625 – Goodwill relating to Lenasia Renal Centre (Pty) Ltd was impaired as the recoverable amount is lower than the carrying value Total 12 280 –