| Notes to the consolidated financial statements – Note 14 |
| 2014 R’000 |
2013 R’000 |
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|---|---|---|---|---|---|---|---|---|---|---|
| 14. | Intangible assets | |||||||||
| Patents, trademarks, tradenames and other intangibles | 802 224 | 260 664 | ||||||||
| Cost | 1 972 245 | 1 296 460 | ||||||||
| Accumulated amortisation and impairments | (1 170 021) | (1 035 796) | ||||||||
| Computer software | 795 911 | 744 847 | ||||||||
| Cost | 2 284 089 | 1 906 485 | ||||||||
| Accumulated amortisation and impairments | (1 488 178) | (1 161 638) | ||||||||
| Capital work in progress | 48 871 | 20 257 | ||||||||
| 1 647 006 | 1 025 768 | |||||||||
| Movement in intangible assets | ||||||||||
| Carrying value at beginning of year | 1 025 768 | 860 957 | ||||||||
| Additions | 217 149 | 301 441 | ||||||||
| Patents, trademarks, tradenames and other intangibles | 14 322 | 25 790 | ||||||||
| Computer software | 175 715 | 291 502 | ||||||||
| Capital work in progress | 27 112 | (15 851) | ||||||||
| Expenditure | 37 197 | 32 442 | ||||||||
| Transfers to other categories | (10 085) | (48 293) | ||||||||
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| Acquisition of businesses | 572 825 | 7 734 | ||||||||
| Patents, trademarks, tradenames and other intangibles | 568 012 | 5 809 | ||||||||
| Computer software | 4 813 | 1 925 | ||||||||
| Disposals | (2 097) | (14 188) | ||||||||
| Patents, trademarks, tradenames and other intangibles | (1 849) | (1 400) | ||||||||
| Computer software | (248) | (12 788) | ||||||||
| Exchange rate adjustments | 94 035 | 148 726 | ||||||||
| Patents, trademarks, tradenames and other intangibles | 14 329 | 43 650 | ||||||||
| Computer software | 78 204 | 103 206 | ||||||||
| Capital work in progress | 1 502 | 1 870 | ||||||||
| Amortisation (refer to note 2) | (239 713) | (180 265) | ||||||||
| Impairment losses (refer to note 2) | (20 961) | (98 637) | ||||||||
| Carrying value at end of year | 1 647 006 | 1 025 768 |
| Indefinite life intangibles
Included in patents, trademarks, tradenames and other intangibles arising on the acquisition of businesses are multiple indefinite life intangibles totalling R448 million, R153 million relating to Bidvest Consumer Products and R295 million to Bidvest Services. These intangibles were subject to an independent valuation in determining the fair values of assets acquired with the businesses and as such have not been subject to a test for impairment in the current period. The amortisation and impairment charges are included in operating expenses in the consolidated income statement. |
| Notes to the consolidated financial statements – Note 14 |