NOTES TO THE FINANCIAL STATEMENTS - NOTE 7


 

    2014   2013  
    Cost     Accumulated
amortisation
and impairment
losses
    Carrying
value
    Cost     Accumulated
amortisation
and impairment
losses
    Carrying
value
 
    Rm     Rm     Rm     Rm     Rm     Rm  
7. Intangible assets                                  
  Group                                  
  Rights 1 720     (221)     1 499     1 504     (221)     1 283  
  Computer software1 5 395     (3 992)     1 403     4 750     (3 267)     1 483  
  Concession assets 176     (62)     114     113     (37)     76  
    7 291     (4 275)     3 016     6 367     (3 525)     2 842  
  Company                                  
  Rights 1 718     (220)     1 498     1 502     (220)     1 282  
  Computer software1 5 030     (3 718)     1 312     4 404     (3 057)     (1 347  
    6 748     (3 938)     2 810     5 906     (3 277)     2 629  

 
1. Software licences have been included as part of computer software.

  Reconciliation of movements Rights   Computer
software
  Concession
assets
  Total  
  2014 Rm   Rm   Rm   Rm  
  Group                
  Carrying value at beginning of the year 1 283   1 483   76   2 842  
  Additions and transfers 216   756   51   1 023  
  Amortisation   (836)   (13)   (849)  
  Carrying value at end of the year 1 499   1 403   114   3 016  
  Company                
  Carrying value at beginning of the year 1 282   1 347     2 629  
  Additions and transfers 216   737     953  
  Amortisation   (772)     (772)  
  Carrying value at end of the year 1 498   1 312     2 810  
  Amortisation of intangible assets of R849 million (2013: R619 million) for the group and R772 million (2013: R565 million) for the company is included within depreciation and amortisation expense in profit or loss. Refer to note 35.

Servitude rights have been assessed for impairment as they have an indefinite useful life. The recoverable amount of the rights is based on the fair value less costs of disposal which have been derived from the most recent comparable market transactions (level 2 fair value hierarchy).

There have been no impairments for the year ended 31 March 2014 (2013:nil).