Intangible Assets



2018	Client relationship £’000		Software and licences £’000			Non-Compete Agreement £’000			Total £’000
Cost
At 1 July 2017	£	17,603	£	1,819		£	137		£	19,559
Additions	—		1,827			—			1,827
On acquisition of subsidiary / business	15,214		22			—			15,236
Disposals	—		(13		)	—			(13		)
Effect of foreign exchange translations	745		3			(3		)	745
At 30 June 2018	£	33,562	£	3,658		£	134		£	37,354

Amortisation
At 1 July 2017	£	3,058	£	397		£	75		£	3,530
Charge for the year	2,611		257			44			2,912
Impairment	—		19			—			19
Disposals	—		(13		)	—			(13		)
Effect of foreign exchange translations	117		2			—			119
At 30 June 2018	£	5,786	£	662		£	119		£	6,567
Net book value
At 30 June 2018	£	27,776	£	2,996		£	15		£	30,787



2017	Client relationship £’000		Software and licences £’000			Non-Compete Agreement £’000			Total £’000
Cost
At 1 July 2016	£	12,200	£	391		£	133		£	12,724
Additions	—		1,364			—			1,364
On acquisition of subsidiary / business	4,301		—			—			4,301
Reclassification	—		61			—			61
Disposals	—		(22		)	—			(22		)
Effect of foreign exchange translations	1,102		25			4			1,131
At 30 June 2017	£	17,603	£	1,819		£	137		£	19,559

Amortisation
At 1 July 2016	£	1,244	£	220		£	29		£	1,493
Charge for the year	1,668		99			47			1,814
Reclassification	—		58			—			58
Disposals	—		(3		)	—			(3		)
Effect of foreign exchange translations	146		23			(1		)	168
At 30 June 2017	£	3,058	£	397		£	75		£	3,530
Net book value
At 30 June 2017	£	14,545	£	1,422		£	62		£	16,029

The reclassifications of software and licences in 2017 arose as a result of the Group aligning asset classifications across all Group entities as part of the migration of fixed asset registers onto a single platform.