AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 * Intangibles with a cost Rnil (2018: R1,249 million) that were fully amortised were scrapped for Rnil consideration. Refer to Note 34 in regards to a change in estimated useful life of the asset. 59 5. Intangible assets Group 2019 2018 R’000 R’000 Cost Accumulated amortisation and impairment Carrying amount Cost Accumulated amortisation and impairment Carrying amount Micro finance software* 1,026 (573) 453 987 (515) 472 YueDilligence software development 332 (231) 101 328 (121) 207 SME Snapshot software development - - - 242 - 242 Total 1,358 (804) 554 1,557 (636) 921 Opening balance Business combinations Note 11 Additions Amortisation Disposal Closing balance Micro finance software 472 - 40 (59) - 453 YueDilligence software development 207 - - (106) - 101 SME Snapshot software development 242 (242) - - - - 921 (242) 40 (165) - 554 Reconciliation of intangible assets - Group - 2019 Reconciliation of intangible assets - Group - 2018 Opening balance Business combinations Note 11 Additions Amortisation Disposal Closing balance Micro finance software 767 - 206 (501) - 472 SME Snapshot software development - 104 138 - - 242 Contractual customer contracts on acquisition of Knife Capital Group 2,689 - - (683) (2,006) - YueDilligence software development 319 - - (112) - 207 3,775 104 344 (1,296) (2,006) 921
AFDAWN AR FINAL 2019
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