Page 175 - flipbook-ubp-IR

OUR CORPORATE PERFORMANCE GOVERNANCE
8(a).INTANGIBLE ASSETS
COST
At July 01, 2020
Additions 9,476
Transfer from plant and equipment
(note 5) 108
Write-off (1,701) Exchange differences (278)
At June 30, 2021 136,706 Additions 16,229 Acquisition of subsidiary (note 36) - Impairment - Acquisition of subsidiary 1,749 Write-off (1,935) Disposals (1,841)
THE GROUP
THE COMPANY
Computer Software
Rs’000
Customer Goodwill relationships
Rs’000 Rs’000
134,103 - - -
- - - - - -
134,103 - - - 340,686 20,627 (340,686) - - - - - - - - -
134,103 20,627
128,671 - - - - - - -
128,671 - - 2,750 - - - -
128,671 2,750
5,432 17,877
5,432 -
Brand name
- -
- - -
-
- 60,838 - - - - -
60,838
- - - -
- - - -
-
60,838
-
Total
Rs’000
263,204 9,476
108 (1,701) (278) 270,809 16,229 422,151 (340,686) 1,749 (1,935) (1,841) 5,384
371,860
182,908 17,489 157 43
200,597 22,028 (291) (1,841)
220,493
151,367
70,212
Computer Software
Rs’000
43,783 2,895
- (1,648) - 45,030 2,423 - - - (26) - 5,384
52,811
23,994 4,573 (70) -
28,497 4,862 (26) -
33,333
19,478
16,533
129,101
Work in progress
At June 30, 2022
ACCUMULATED AMORTISATION
At July 01, 2020
Amortisation charge
Write-off 157
5,384
156,292
Exchange differences
At June 30, 2021
Amortisation charge
Write-off (291) Disposals (1,841)
54,237 17,489
43
89,072
67,220
64,780
71,926 19,278
At June 30, 2022
CARRYING AMOUNT
At June 30, 2022
At June 30, 2021
Before recognition of impairment losses, the carrying amount of goodwill indefinite lives have been allocated to the following cash- generating units:
2022
Rs’000
5,432
340,686
346,118
Amounts recognised in profit or loss
Agriculture Core business
Agriculture
2021
Rs’000 5,432 - 5,432
The recoverable amount of that CGU has been determined using the fair value less costs to sell model. Fair value less cost to sell is adjusted for with other assets and liabilities of the CGU, excluding the fair value less cost to sell of the land. No impairment was required as a result of the analysis.
The fair value less costs to sell calculation is most sensitive to the following main assumption:
Selling prices - The prices are obtained from the relevant bodies and adjusted for expected changes for future periods.
Management believes that reasonably possible changes in the above assumption will not cause the carrying amount of the CGU to materially exceed its recoverable amount. A 5% decrease in the unit selling price will still result in a recoverable amount lower than the carrying amount.
UBP INTEGRATED REPORT 2022 173
FINANCIAL STATEMENTS