Page 116

NOTES to the Annual Financial Statements – for the year ended 30 June 2006

COMPANY 2005 2006 R’000 R’000

GROUP 2006 R’000

2005 R’000

2 358

4 242

25. Operating profit continued —

Impairment of intangible assets (included in other operating expenses)

Impairment of goodwill (included in other operating expenses)

13 913

Impairment charge – inventories (included in cost of sales)

51 246

29 768

Trade receivables – impairment (reversal)/charge for bad and doubtful debts (included in administration expenses)

(7 033)

949

Repairs and maintenance expenditure on property, plant and equipment

36 160

37 088

70

194

Operating expenses – investment property (included in administration expenses)

Research and development costs

Cost of inventories recognised as an expense (included in cost of sales)

282 441

Share-based payment expense – BEE transaction

1 251

1 244

1 227

1 227

– Plant and equipment

– Computer equipment

24

17

– Office equipment and furniture

513

392

10 116

8 373

1 753 633

1 383 674

282 441

Operating lease rentals (minimum lease payments)

16 469

13 348

– Land and buildings

11 660

9 347

2 306

1 795

907

532

1 596

1 674

Litigation settlements

1 800

Managerial fees

1 722

1 460

Technical fees

6 654

4 270

Administrative fees

1 242

2 057

118

140

281

139

Secretarial fees

112

Aspen Annual Report 2006

continued

Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006