AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 * During the year intangibles with a cost R1,249 million that were fully amortised were scrapped for nil consideration. 56 5. Intangible assets Group 2018 2017 R’000 R’000 Cost Accumulated amortisation and impairment Carrying amount Cost Accumulated amortisation and impairment Carrying amount Micro finance software* 987 (515) 472 2,030 (1,263) 767 Contractual customer contracts on acquisition of Knife Capital Group - - - 6,543 (3,854) 2,689 YueDilligence software development 328 (121) 207 328 (9) 319 SME Snapshot software development 242 - 242 - - - Total 1,557 (636) 921 8,901 (5,126) 3,775 Reconciliation of intangible assets - Group - 2018 Opening balance Business combinations Note 11 Additions Amortisation Disposal Closing balance Micro finance software 767 - 206 (501) - 472 Contractual customer contracts on acquisition of Knife Capital Group 2,689 - - (683) (2,006) - YueDilligence software development 319 - - (112) - 207 SME Snapshot software development - 104 138 - - 242 3,775 104 344 (1,296) (2,006) 921 Opening balance Additions Amortisation Closing balance Micro finance software 845 274 (352) 767 Contractual customer contracts on acquisition of Knife Capital Group 4,011 - (1,322) 2,689 YueDilligence software development 299 29 (9) 319 5,155 303 (1,683) 3,775 Reconciliation of intangible assets - Group - 2017
AFRICAN DAWN 2018 Annual Report
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