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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
GROUP
(R’million)
2014
Restated*
2013
12 Goodwill and intangible assets
12.1
Goodwill
2 411,2
3 173,2
Cost
3 337,1
3 289,3
Accumulated impairment
(925,9)
(116,1)
Movement of group goodwill
Net balance at the beginning of the year
3 173,2
2 361,1
Business combination
–
646,3
3 173,2
3 007,4
Impairment of goodwill
(809,8)
–
Exchange rate translation difference
47,8
165,8
Net balance at the end of the year
2 411,2
3 173,2
The carrying value of goodwill is allocated to cash-generating units
as follows:
Exports and International
1 110,2
1 105,5
Nigeria
177,3
944,0
Beverages
580,5
580,5
Groceries
72,3
72,3
Value Added Meat Products
6,0
6,0
Home, Personal Care and Baby (HPCB)
464,9
464,9
2 411,2
3 173,2
12.2
Intangible assets
12.2.1 Trademarks and other
1 573,6
1 704,6
Cost
1 806,2
1 797,4
Accumulated amortisation and impairment
(232,6)
(92,8)
12.2.2 Licence agreements and supplier relationships
20,8
20,9
Cost
25,0
25,0
Accumulated amortisation and impairment
(4,2)
(4,1)
12.2.3 Customer lists
521,1
525,9
Cost
538,0
538,0
Accumulated amortisation and impairment
(16,9)
(12,1)
Total intangible assets
2 115,5
2 251,4
*
The amounts have been restated due to the adoption of IAS 19R.