Urbanise.com Annual Report 2019

Annual Report 2019 Urbanise.com Limited 14. Intangible assets Intellectual property $ Development cost $ Trademarks $ Customer relationship $ Software $ Total $ At cost At 1 July 2017 20,999,130 7,768,242 853,807 220,000 – 29,841,179 Additions – 1,018,066 – – 143,622 1,161,688 Transfer between classes 207,760 (207,760) – – – – Disposals (3,335,626) (310,181) (63,807) – – (3,709,614) Exchange differences 141,995 (42,152) – – – 99,843 At 30 June 2018 18,013,259 8,226,215 790,000 220,000 143,622 27,393,096 Additions – 695,807 – – 560 696,367 Disposals – – – – – – At 30 June 2019 18,013,259 8,922,022 790,000 220,000 144,182 28,089,463 Amortisation and impairment At 1 July 2017 8,114,048 6,772,263 41,063 45,833 – 14,973,207 Amortisation charge for the year 2,084,214 158,267 – 35,424 19,295 2,297,200 Impairment 7,535,902 132,431 – – 68,148 7,736,481 Transfer between classes 241,130 (263,874) 22,744 – – – Disposals (3,335,626) (310,181) (63,807) – – (3,709,614) Exchange differences 192,659 7,186 – – – 199,845 At 30 June 2018 14,832,327 6,496,092 – 81,257 87,443 21,497,119 Amortisation charge for the year 793,600 295,320 – 35,424 23,947 1,148,291 Exchange differences – (508) – – – (508) At 30 June 2019 15,625,927 6,790,904 – 116,681 111,390 22,644,902 Net book value At 30 June 2018 3,180,932 1,730,123 790,000 138,743 56,179 5,895,977 At 30 June 2019 2,387,332 2,131,118 790,000 103,319 32,792 5,444,561 15. Goodwill 2019 $ 2018 $ Gross carrying amount Balance at 1 July 15,304,268 15,216,795 Effect of foreign currency exchange differences – 87,473 Balance at 30 June 15,304,268 15,304,268 Accumulated impairment Balance at 1 July (10,517,788) (2,785,936) Impairment – (7,731,852) Balance at 30 June (10,517,788) (10,517,788) Net book value Balance at 30 June 4,786,480 4,786,480 Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 66