|
|
2015 |
2014 |
|
|
R’000 |
R’000 |
3 |
INTANGIBLE ASSETS |
|
|
|
Licences |
|
|
|
Carrying amount at beginning of year |
609 |
789 |
|
Amortisation for the year |
(180) |
(180) |
|
Carrying amount at end of year |
429 |
609 |
|
Goodwill |
|
|
|
Carrying amount at beginning and end of year |
25 733 |
25 733 |
|
|
26 162 |
26 342 |
|
Goodwill represents the excess attributable on the acquisition of a majority stake in an offshore entity prior to 2005, as well as on the acquisition of Groupline Projects Proprietary Limited in 2011, both of which have been assessed for impairment at the date of the statement of financial position. The directors are of the opinion that the goodwill recognised will be recovered in the form of future cash flows anticipated from each of the entities and is therefore not impaired. |
|
|
|
|
|
|
|
Goodwill arises from the cost of the following entities: |
|
|
|
Minerais U.S. LLC |
1 418 |
1 418 |
|
Groupline Projects Proprietary Limited |
24 315 |
24 315 |
|
As above |
25 733 |
25 733 |
|
|
|
|