| Notes to the consolidated financial statements | Note 14 |
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2016
R’000 |
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2015
R’000 |
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| 14. |
INTANGIBLE ASSETS |
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|
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Patents, trademarks, tradenames and other intangibles |
|
710 249 |
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735 354 |
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Cost |
|
1 154 397 |
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|
1 100 066 |
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Accumulated amortisation and impairments |
|
(444 148) |
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(364 712) |
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Computer software |
|
465 412 |
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|
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|
438 561 |
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Cost |
|
1 817 327 |
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|
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|
1 541 291 |
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Accumulated amortisation and impairments |
|
(1 351 915) |
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(1 102 730) |
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Capital work-in-progress |
|
37 097 |
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28 548 |
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1 212 758 |
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1 202 463 |
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Movement in intangible assets |
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Carrying value at beginning of year |
|
1 202 463 |
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819 940 |
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Additions |
|
123 906 |
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125 245 |
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Patents, trademarks, tradenames and other intangibles |
|
3 355 |
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|
958 |
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Computer software |
|
112 720 |
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|
114 966 |
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Capital work-in-progress |
|
7 831 |
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|
9 321 |
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Expenditure |
|
68 577 |
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|
40 531 |
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Transfers to other categories |
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(60 746) |
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(31 210) |
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|
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Acquisition of businesses |
|
800 |
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|
547 469 |
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Patents, trademarks, tradenames and other intangibles |
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– |
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|
547 263 |
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Computer software |
|
426 |
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|
206 |
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Capital work-in-progress |
|
374 |
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– |
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Disposals |
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(5 280) |
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(6 315) |
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Patents, trademarks, tradenames and other intangibles |
|
(584) |
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|
|
|
– |
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Computer software |
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(4 696) |
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(6 315) |
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Disposal of businesses |
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Computer software |
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(195) |
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– |
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Exchange rate adjustments |
|
104 715 |
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23 522 |
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Patents, trademarks, tradenames and other intangibles |
|
41 818 |
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|
38 535 |
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Computer software |
|
62 553 |
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(16 866) |
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Capital work-in-progress |
|
344 |
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1 853 |
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Amortisation (refer to note 3) |
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(209 834) |
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(194 261) |
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Impairment losses |
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(3 817) |
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(113 137) |
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Carrying value at end of year |
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1 212 758 |
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1 202 463 |
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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).
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The amortisation and impairment charges are included in operating expenses in the
consolidated statement of profit or loss. |
| Notes to the consolidated financial statements | Note 14 |
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