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Intangible assets
6 Months Ended
Dec. 31, 2019
Intangible assets.  
Intangible assets

17         Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

intangible

 

 

 

    

Goodwill

    

Registrations

    

assets

    

Total

 

 

£’000

 

£’000

 

£’000

 

£’000

At 1 July 2019

 

  

 

  

 

  

 

  

Cost

 

421,453

 

772,328

 

13,964

 

1,207,745

Accumulated amortization

 

 —

 

(433,566)

 

(5,322)

 

(438,888)

Net book amount

 

421,453

 

338,762

 

8,642

 

768,857

Six months ended 31 December 2019

 

 

 

 

 

 

 

 

Opening net book amount

 

421,453

 

338,762

 

8,642

 

768,857

Additions

 

 —

 

103,489

 

1,476

 

104,965

Disposals

 

 —

 

(51,902)

 

 —

 

(51,902)

Amortization charge

 

 —

 

(61,172)

 

(2,272)

 

(63,444)

Closing net book amount

 

421,453

 

329,177

 

7,846

 

758,476

At 31 December 2019

 

 

 

 

 

 

 

 

Cost

 

421,453

 

772,089

 

14,076

 

1,207,618

Accumulated amortization

 

 —

 

(442,912)

 

(6,230)

 

(449,142)

Net book amount

 

421,453

 

329,177

 

7,846

 

758,476

 

 

 

 

 

 

 

 

 

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 net 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

 

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 2019 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 2019 was £2,076,000 and £1,065,000 respectively (31 December 2018: £1,559,000 and £275,000 respectively).