Page 235 - Capricorn IAR 2020

2020 INTEGRATED ANNUAL REPORT
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
22. INTANGIBLE ASSETS
Group
30 June 2020
Cost
Cost at 1 July 2019
Transfers
Additions
Exchange differences
Reclassification to assets held for sale
Cost at 30 June 2020
Amortisation
Amortisation at 1 July 2019
Charge for the year
Transfer
Exchange differences
Reclassification to assets held for sale
Amortisation at 30 June 2020
Impairment loss
Impairment loss at 1 July Charge for the year
Impairment loss at 30 June
Net book value at 30 June 2020
30 June 2019
Cost
Cost at 1 July 2018
Transfers – Additions –
28,325 (63,118) 60,582
260
26,049
(6,760) –
(115)
(6,875)
19,174
247,631 31,054 3,425
(148)
281,962
(75,594) (32,327) (258)
(108,179)
173,783
460,825 (32,064)
64,329 (4,780)
488,310
(176,892) (35,430) (149)
(212,471)
275,839
Goodwill1 N$’000
Purchased software N$’000
Intangible assets in development N$’000
Internally generated software N$’000
Total N$’000
71,068
109,231
26,049
281,962
488,310
–
–
(29,265)
26,138
(3,127)
–
3,830
30,014
36,824
70,668
–
17,905
5,053
–
22,958
–
(76,795)
–
–
(76,795)
71,068
54,171
31,851
344,924
502,014
–
(97,417)
(6,875)
(108,179)
(212,471)
–
(6,613)
–
(41,467)
(48,080)
–
–
6,875
(6,875)
–
–
(7,753)
–
–
(7,753)
–
71,946
–
–
71,946
–
(39,837)
–
(156,521)
(196,358)
–
–
–
–
–
–
–
–
(18,205)
(18,205)
–
–
–
(18,205)
(18,205)
71,068
14,334
31,851
170,198
287,451
Exchange differences
Cost at 30 June 2019
Amortisation
Amortisation at 1 July 2018 Charge for the year Exchange differences
Amortisation at 30 June 2019
Net book value at 30 June 2019
71,068 109,231
– (94,538) – (3,103) – 224
– (97,417)
71,068 11,814
71,068
– (4,892)
113,801 – 322
All intangible assets are held by the Group, none by the company and all are classified as non-current assets. No assets were encumbered at 30 June 2020 nor 30 June 2019.
1 Goodwill is tested for impairment on annual basis as per the requirements of IAS 36. Goodwill is allocated to each subsidiary based on its initial acquisition. Each subsidiary is deemed to be an individual cash-generating units (“CGUs”). The recoverable amount of the cash-generating units (“CGUs”) was determined using fair value calculations of the individual companies that gave rise to the goodwill asset.
No instance was detected which indicated the impairment of the goodwill.
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