Blue Label Telecoms Integrated Annual Report 2017

144

BLUE LABEL

INTEGRATED ANNUAL REPORT 2017

Notes

to the Group annual financial statements

continued

For the year ended 31 May 2017

Non-financial instruments

continued

4.2 Intangible assets continued

Trademarks

R’000

Customer

listing

R’000

Year ended 31 May 2017

Opening carrying amount

—

594

Additions

—

Acquisition of subsidiary

—

Disposals

—

Amortisation charge

— (430)

Impairment charges

—

Closing carrying amount

—

164

At 31 May 2017

Cost

6 835

33 306

Accumulated amortisation

(6 835)

(33 142)

Accumulated impairments

—

Carrying amount

—

164

Year ended 31 May 2016

Opening carrying amount

621

766

Additions

—

2 233

Disposals

—

Disposal of subsidiary

—

Amortisation charge

(621)

(879)

Impairment charges

— (1 526)

Closing carrying amount

—

594

At 31 May 2016

Cost

6 835

35 539

Accumulated amortisation

(6 835)

(33 419)

Accumulated impairments

— (1 526)

Carrying amount

—

594

* Included in the amortisation charge is an amount of R74.9 million (2016: R77.5 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 income statement.

** This represents independently distributed starter pack bases and postpaid bases purchased. Amortisation periods of up to

77 months remain.