91 / 170
2016
R’000
2015
R’000
14.
INTANGIBLE ASSETS
(continued)
Movement in intangible assets
(continued)
Acquisition of businesses
800
547 469
Patents, trademarks, tradenames and other intangibles
–
547 263
Computer software
426
206
Capital work-in-progress
374
–
Disposals
(5 280)
(6 315)
Patents, trademarks, tradenames and other intangibles
(584)
–
Computer software
(4 696)
(6 315)
Disposal of businesses
Computer software
(195)
–
Exchange rate adjustments
104 715
23 522
Patents, trademarks, tradenames and other intangibles
41 818
38 535
Computer software
62 553
(16 866)
Capital work-in-progress
344
1 853
Amortisation (refer to note 3)
(209 834)
(194 261)
Impairment losses
(3 817)
(113 137)
Carrying value at end of year
1 212 758
1 202 463
Included in other intangibles is a material customer-related contract relating to the transportation
and warehousing of dairy products in the United Kingdom. The carrying value at June 30 2016
was R548,3 million (2015: R557,3 million) and is amortised over 29 years (2015: 29 years).
The amortisation and impairment charges are included in operating expenses in the
consolidated statement of profit or loss.
15.
GOODWILL
Carrying value at beginning of year
11 338 647
9 650 357
Acquisition of businesses
486 542
1 738 080
Disposal of businesses
(18 468)
–
Transfer as a result of unbundling
61 493
–
Exchange rate adjustments
1 316 568
(49 790)
Carrying value at end of year
13 184 782
11 338 647
The carrying amount of goodwill was allocated to cash-generating units (CGUs) as follows:
Foodservice Australasia
2 878 106
2 570 224
Foodservice United Kingdom
3 045 727
2 698 213
Foodservice Europe
5 888 235
5 039 597
Foodservice Emerging Markets
1 372 714
1 030 613
13 184 782
11 338 647
Bidcorp Limited Annual integrated report 2016 |
Page 87
Financial overview