Notes to the financial statements |

For the year ended 31 December 2022

14. Intangible assets (continued)

At 31 December 2021

There are no restrictions over the title of Te Wānanga o Aotearoa intangible assets, nor are any intangible assets pledged as security for liabilities.

Te Wānanga o Aotearoa impaired intangible assets of $0.6m in 2022 (2021: $0.04m). Programme development has been impaired due to programmes either being redeveloped to align with NZQA Targeted Review of Qualification (TRoQ) changes or programmes no longer being delivered. Software has been impaired as applications are no longer used.

There were no contractual commitments for the acquisitions of intangible assets for Te Wānanga o Aotearoa (2021: nil).