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Intangible assets
6 Months Ended
Dec. 31, 2018
Intangible assets.  
Intangible assets

 

16      Intangible assets

 

 

 

Goodwill
£’000

 

Registrations
£’000

 

Other
intangible
assets
£’000

 

Total
£’000

 

At 1 July 2018

 

 

 

 

 

 

 

 

 

Cost

 

421,453

 

785,594

 

10,379

 

1,217,426

 

Accumulated amortization

 

 

(416,086

)

(1,700

)

(417,786

)

 

 

 

 

 

 

 

 

 

 

Net book amount

 

421,453

 

369,508

 

8,679

 

799,640

 

 

 

 

 

 

 

 

 

 

 

Six months ended 31 December 2018

 

 

 

 

 

 

 

 

 

Opening net book amount

 

421,453

 

369,508

 

8,679

 

799,640

 

Additions

 

 

14,461

 

1,871

 

16,332

 

Disposals

 

 

(7,929

)

 

(7,929

)

Amortization charge

 

 

(66,947

)

(1,624

)

(68,571

)

 

 

 

 

 

 

 

 

 

 

Closing book amount

 

421,453

 

309,093

 

8,926

 

739,472

 

 

 

 

 

 

 

 

 

 

 

At 31 December 2018

 

 

 

 

 

 

 

 

 

Cost

 

421,453

 

764,746

 

12,250

 

1,198,449

 

Accumulated amortization

 

 

(455,653

)

(3,324

)

(458,977

)

 

 

 

 

 

 

 

 

 

 

Net book amount

 

421,453

 

309,093

 

8,926

 

739,472

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At 1 July 2017

 

 

 

 

 

 

 

 

 

Cost

 

421,453

 

645,433

 

6,619

 

1,073,505

 

Accumulated amortization

 

 

(354,913

)

(1,048

)

(355,961

)

 

 

 

 

 

 

 

 

 

 

Net book amount

 

421,453

 

290,520

 

5,571

 

717,544

 

 

 

 

 

 

 

 

 

 

 

Six months ended 31 December 2017

 

 

 

 

 

 

 

 

 

Opening net book amount

 

421,453

 

290,520

 

5,571

 

717,544

 

Additions

 

 

126,912

 

1,853

 

128,765

 

Disposals

 

 

(2,844

)

 

(2,844

)

Amortization charge

 

 

(72,756

)

(633

)

(73,389

)

 

 

 

 

 

 

 

 

 

 

Closing book amount

 

421,453

 

341,832

 

6,791

 

770,076

 

 

 

 

 

 

 

 

 

 

 

At 31 December 2017

 

 

 

 

 

 

 

 

 

Cost

 

421,453

 

730,926

 

8,472

 

1,160,851

 

Accumulated amortization

 

 

(389,094

)

(1,681

)

(390,775

)

 

 

 

 

 

 

 

 

 

 

Net book amount

 

421,453

 

341,832

 

6,791

 

770,076

 

 

 

 

 

 

 

 

 

 

 

 

Impairment tests for goodwill

 

Goodwill is not subject to amortization and is tested annually for impairment (normally at the end of the third fiscal quarter) or more frequently if events or changes in circumstances indicate a potential impairment. Management has considered the carrying amount of goodwill as of 31 December 2018 and concluded that, as there are no indicators of impairment, a detailed impairment test is not required. Having assessed the future anticipated cash flows, management believes that any reasonably possible changes in key assumptions would not result in an impairment of goodwill.

 

Other intangible assets

 

Other intangible assets include internally generated assets whose cost and accumulated amortization as of 31 December 2018 was £1,559,000 and £275,000 respectively (31 December 2017: £1,219,000 and £nil respectively).