XML 188 R20.htm IDEA: XBRL DOCUMENT
v3.19.3

Intangible Assets | 12 Months Ended
--- | ---
Jun. 30, 2019
Disclosure of detailed information about intangible assets [abstract] |
Intangible Assets | INTANGIBLE ASSETS
ACCOUNTING POLICY Intangible assets consist of all identifiable non-monetary assets without physical substance. They are stated at cost less accumulated amortisation and accumulated impairment losses, if any. The following are the main categories of intangible assets: Goodwill Goodwill is an intangible asset with an indefinite useful life which is not amortised but tested for impairment on an annual basis, or when there is an indication of impairment. The excess of consideration transferred over the amount of any non-controlling interest in the acquiree and the acquisition-date fair value of any previously held equity interest in the acquiree over the fair value of the group’s share of the identifiable net assets acquired is recorded as goodwill. Goodwill on acquisition of subsidiaries, joint ventures and businesses is included in intangible assets. Goodwill on acquisition of associates is included in investments in associates and tested for impairment as part of the overall balance. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Goodwill is allocated to cash generating units for the purpose of impairment testing. The allocation is made to those cash generating units or groups of cash generating units that are expected to benefit from the business combination in which the goodwill arose. If the composition of one or more cash generating units to which goodwill has been allocated changes due to a re-organisation, the goodwill is re-allocated to the units affected. The gain or loss on disposal of an entity includes the carrying amount of goodwill relating to the entity sold. Technology-based assets Acquired computer software licences that require further internal development are capitalised on the basis of costs incurred to acquire and bring to use the specific software. These technology-based assets are classified as intangible assets with a finite useful life. These assets are amortised on a straight-line basis over their estimated useful lives, which are reviewed annually, as follows: • Computer software at 20% per year.
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS - IMPAIRMENT OF GOODWILL Due to the wasting nature of mining assets and the finite life of a mine's reserves, the allocation of goodwill to a shaft will eventually result in an impairment charge for the goodwill. The group tests annually whether separately identifiable goodwill has suffered any impairment in accordance with the accounting policy stated in note 2.5. These calculations use estimates as per note 13.
14 | INTANGIBLE ASSETS continued
| SA rand
Figures in million | 2019 |  | 2018* |
Goodwill | 520 |  | 526 |
Technology-based assets | 13 |  | 19 |
Total intangible assets | 533 |  | 545 |
* The goodwill on acquisition of the Moab Khotsong operations was re-presented for the 2018 financial year as a result of the change in the fair value of net identifiable assets acquired amounting to R30 million. Refer to note 12. GOODWILL The movement in goodwill is as follows:
| SA rand
Figures in million | 2019 |  | 2018* |
Cost |  |
Balance at beginning of year | 2 675 |  | 2 373 |
Acquisition of Moab Khotsong | — |  | 302 |
Balance at end of year | 2 675 |  | 2 675 |
Accumulated amortisation and impairments |  |
Balance at beginning of year | 2 149 |  | 1 782 |
Impairment 1 | 6 |  | 367 |
Balance at end of year | 2 155 |  | 2 149 |
Net carrying value | 520 |  | 526 |
The net carrying value of goodwill has been allocated to the following cash generating units: |  |
Bambanani | 218 |  | 224 |
Moab Khotsong | 302 |  | 302 |
Net carrying value | 520 |  | 526 |
1 In 2019 an impairment of R6 million (2018: Rnil) on goodwill was recorded for Bambanani, Rnil (2018: R326 million) for Tshepong Operations and Rnil (2018: R41 million) for Joel as the carrying values exceeded the recoverable values of the related cash generating units. Refer to note 6 for further details on the impairment assessment.
14 | INTANGIBLE ASSETS continued
TECHNOLOGY-BASED ASSETS The movement in technology-based assets is as follows:
| SA rand
Figures in million | 2019 |  | 2018 |
Cost |  |
Balance at beginning of year | 48 |  | 33 |
Fully depreciated assets no longer in use derecognised | (10 | ) | — |
Transfers and other movements | — |  | 6 |
Additions | 1 |  | 9 |
Balance at end of year | 39 |  | 48 |
| SA rand
Figures in million | 2019 |  | 2018 |
Accumulated amortisation and impairments |  |
Balance at beginning of year | 29 |  | 21 |
Fully depreciated assets no longer in use derecognised | (10 | ) | — |
Amortisation charge | 7 |  | 8 |
Balance at end of year | 26 |  | 29 |
Net carrying value | 13 |  | 19 |

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2018-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=38&date=2018-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration