| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
Computer
software |
Mineral
rights |
Other
intangible
assets |
Total |
| 4. |
OTHER INTANGIBLE ASSETS |
|
|
|
|
|
Cost: |
|
|
|
|
|
At 30 June 2005 |
20,8 |
– |
3,9 |
24,7 |
|
Additions |
42,9 |
– |
0,9 |
43,8 |
|
Acquisition of businesses |
23,3 |
19,9 |
– |
43,2 |
|
Reclassification from plant and equipment |
1,4 |
– |
– |
1,4 |
| |
Exchange rate adjustment |
0,2 |
– |
0,2 |
0,4 |
|
At 30 June 2006 |
88,6 |
19,9 |
5,0 |
113,5 |
| |
Disposals |
(0,3) |
– |
– |
(0,3) |
|
Disposals of businesses |
(4,6) |
– |
– |
(4,6) |
|
Additions |
25,3 |
– |
3,9 |
29,2 |
| |
At 30 June 2007 |
109,0 |
19,9 |
8,9 |
137,8 |
|
Accumulated amortisation: |
|
|
|
|
|
At 30 June 2005 |
4,8 |
– |
1,0 |
5,8 |
|
Charge for the year |
13,4 |
1,5 |
0,8 |
15,7 |
|
Acquisition of businesses |
22,3 |
– |
– |
22,3 |
|
Reclassification from plant and equipment |
1,2 |
– |
– |
1,2 |
| |
Exchange rate adjustment |
0,2 |
– |
– |
0,2 |
|
At 30 June 2006 |
41,9 |
1,5 |
1,8 |
45,2 |
|
Charge for the year |
18,1 |
2,4 |
2,0 |
22,5 |
|
Disposals |
(0,3) |
– |
– |
(0,3) |
|
Disposals of businesses |
(3,8) |
– |
– |
(3,8) |
| |
At 30 June 2007 |
55,9 |
3,9 |
3,8 |
63,6 |
|
Carrying amount:
At 30 June 2007 |
53,1 |
16,0 |
5,1 |
74,2 |
| |
At 30 June 2006 |
46,7 |
18,4 |
3,2 |
68,3 |
|
The majority of intangible assets included above have finite useful lives, over which the assets are amortised. Average amortisation
periods are set out below. Intangible assets with indefinite lives are tested annually for impairment.
Other intangible assets include a technology agreement in Canada that has an indefinite useful life, and the N2 and N3 Toll road
operations contracts.
The following amortisation periods are used for the amortisation of other intangible assets: |
|
| – |
computer software |
2 to 4 years |
on a straight-line basis
|
| – |
mineral rights |
7 years |
per usage of clay |
| – |
other intangible assets |
3 to 5 years |
on a straight-line basis |
|
| |
The largest component of the computer software relates to an ERP system that had an estimated remaining useful life of four
years at 30 June 2007. |
|
| |
| |
|
|
