AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

13 INTANGIBLE ASSETS AND GOODWILL (CONTINUED)

Year ended 30 June 2022

Insurance broking registers $’000

Capitalised project costs $’000

Goodwill $’000

Brand name $’000

Total $’000

Cost Balance at the beginning of the year

2,240

416,241

107,709

–

526,190

Net addition/(disposals) not related to consolidation/ (deconsolidation)

702

(1,723)

1,977

– – – – – – – – – – – – – – –

956

Acquisition of controlled entities Deconsolidation of controlled entities

2,686

161,627

15,801

180,114

–

(5,320)

(1,139)

(6,459)

Translation of foreign exchange rate movements & Other

(90)

(2,539)

(1,267)

(3,896)

Total Intangibles at cost

5,538

568,286

123,081

696,905

Amortisation

Balance at the beginning of the year (Disposals) not related to deconsolidation

1,696

– – –

54,817

56,513

(137)

–

(137)

Amortisation during the year

675

9,341

10,016 8,439

Impairments/write-off during the year

–

8,439

–

Translation of foreign exchange rate movements

65

–

(501)

(436)

Total Accumulated amortisation

2,299

8,439

63,657

74,395

Summary

Net carrying amount at beginning of year Net carrying amount at end of year

544

416,241 559,847

52,892 59,424

469,677 622,510

3,239

AUB GROUP ANNUAL REPORT 2023

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