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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

Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006