132 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
130
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
Goodwill
R’000
Trademarks
R’000
Customer
listing
R’000
5.
INTANGIBLE ASSETS AND GOODWILL
Year ended 31 May 2015
Opening carrying amount
423 384
1 298
1 031
Additions
—
—
—
Acquisition of subsidiary
185 967
—
—
Disposals
—
—
—
Disposal of subsidiary
(2 742)
—
—
Amortisation charge
—
(677)
(265)
Closing carrying amount
606 609
621
766
At 31 May 2015
Cost
637 476
6 835
33 306
Accumulated amortisation
(4 747)
(6 214)
(32 540)
Accumulated impairments
(26 120)
—
—
Carrying amount
606 609
621
766
Year ended 31 May 2014
Opening carrying amount
217 635
1 975
1 482
Additions
—
—
159
Acquisition of subsidiary
205 749
—
—
Disposals
—
—
—
Amortisation charge
— (677)
(610)
Impairment charges
—
—
—
Closing carrying amount
423 384
1 298
1 031
At 31 May 2014
Cost
454 250
6 835
33 306
Accumulated amortisation
(4 746)
(5 537)
(32 275)
Accumulated impairments
(26 120)
—
—
Carrying amount
423 384
1 298
1 031
* Included in the amortisation charge is an amount of R73.5 million (2014: R69.8 million) in respect of the
purchased starter pack bases and postpaid bases, which is charged to the changes in inventories of finished
goods line in the statement of comprehensive income.
** The postpaid base acquired included a warranty clause pertaining to the initial performance of the base. The
Group was entitled to a warranty refund on the initial cost of the base, which is disclosed as a reduction in the
cost of the asset.
*** This represents independently distributed starter pack bases and postpaid bases purchased. The remaining
amortisation periods range between 19 months and 91 months.
ill
’
r
r
’
t
r
li ti
’