GROUP
4.
Intangible assets continued
2005
Net carrying value – Group Cost Accumulated amortisation Accumulated impairment losses Net carrying value at the end of the year Movement in intangible assets Carrying amount at the beginning of the year Acquisition of subsidiaries Reclassification from prepayments Reclassification between categories Additions – expansion Additions – replacement Development costs capitalised Disposals Amortisation Impairment Reversal of impairment Effects of exchange rate changes Net carrying value at the end of the year
Intellectual property R’000
Development costs* R’000
Product participation and other contractual rights R’000
1 328 966 (702 885) (145 641) 480 440
35 918 (4 823) — 31 095
192 067 (94 830) — 97 237
67 047 (17 815) (1 487) 47 745
40 447 (31 172) — 9 275
1 664 445 (851 525) (147 128) 665 792
455 959 — 7 502 (7 734) 73 971 — — (2 089) (60 650) (3 150) 31 16 600 480 440
22 410 — 233 — — — 10 199 — (1 754) — — 7 31 095
108 908 — — 7 734 — — — — (22 399) — — 2 994 97 237
— 54 264 — — — — — — (5 427) (1 092) — — 47 745
11 940 385 — — 1 514 17 — — (4 581) — — — 9 275
599 217 54 649 7 735 — 75 485 17 10 199 (2 089) (94 811) (4 242) 31 19 601 665 792
Drug master files R’000
Computer software R’000
Total R’000
COMPANY Net carrying value – Company Cost Accumulated amortisation Net carrying value at the end of the year Movement in intangible assets Carrying amount at the beginning of the year Additions – expansion Amortisation Net carrying value at the end of the year
923 206 (462 186) 461 020
— — —
57 818 (1 014) 56 804
— — —
— — —
981 024 (463 200) 517 824
429 089 98 541 (66 610) 461 020
— — — —
— 57 818 (1 014) 56 804
— — — —
— — — —
429 089 156 359 (67 624) 517 824
*Internally generated.
COMPANY 2005 2006 R’000 R’000
56 804 1 014
44 632 12 172
— —
— —
23 161
—
GROUP 2006 R’000 Product participation and other contractual rights can be split into the following categories for the purposes of amortisation: – amortised on a straight-line basis Carrying amount Amortisation for the year – amortised using the reverse sum of the digits method Carrying amount Amortisation for the year Carrying amounts of indefinite useful life intangible assets (included in intellectual property) Mentadent P was previously classified as an indefinite useful life intangible asset. In the current year, this assessment has been revised to a remaining useful life of 30 years.
95
Aspen Annual Report 2006
2005 R’000
51 596 4 493
25 523 4 172
58 801 15 026
71 714 18 227
—
23 161