Rangatira Annual Report 2025 - Flipbook - Page 65
Annual Report 2025
Intangible assets with finite useful lives are amortised over the useful economic life and assessment for
impairment whenever there is an indication that the intangible asset may be impaired. The amortisation periods
and the amortisation method for an intangible asset with finite useful lives are reviewed annually, at the end of
each reporting period. The estimated useful lives of the Company’s subsidiaries’ intangible assets are:
•
•
•
Software 2 to 5 years
Customer / Specialist relationships 10 to 15 years
Brands and trademarks depending on industry, up to 9 years or indefinite
Intangible assets with indefinite useful lives are not amortised, but are tested for impairment annually.
An intangible asset is derecognised at the earlier of disposal or when no future economic benefits are expected
from its use or disposal. Any gain or loss arising upon derecognition of the asset is taken through profit or loss.
Gross carrying amount at the beginning of the year
Brands and
trademarks
$000
7,283
Software
$000
Customer and
Specialist
relationships
$000
Total
$000
500
7,684
15,467
2025
Opening balance
Additions
-
2
-
2
Deconsolidation
(7,283)
(502)
(7,684)
(15,469)
Closing balance
-
-
-
-
8,210
505
7,684
16,399
-
89
-
89
Disposals
(927)
(94)
-
(1,021)
Closing balance
7,283
500
7,684
15,467
Brands and
trademarks
$000
Software
$000
Customer and
Specialist
relationships
$000
Total
$000
Opening balance
205
403
1,446
2,054
Amortisation
70
21
307
398
Deconsolidation
(275)
(424)
(1,753)
(2,452)
Closing balance
-
-
-
-
Opening balance
71
443
821
1,335
Disposals
-
(73)
-
(73)
2024
Opening balance
Additions
Accumulated amortisation and impairment
2025
2024
Amortisation
134
33
625
792
Closing balance
205
403
1,446
2,054
2025 net book value
-
-
-
-
2024 net book value
7,078
97
6,238
13,413
65
