REA Group Ltd Annual Report 2021

Notes to the Consolidated Financial Statements for the year ended 30 June 2021 REA Group Ltd | Annual Report 2021 Goodwill $’000 Software 1 $’000 Customer contracts $’000 Brands 2 $’000 Total $’000 Year ended 30 June 2021 Opening net book amount 414,747 123,900 27,592 84,126 650,365 Additions - internally generated – 64,225 – – 64,225 Other business combinations 3 266,892 40,966 45,961 27,041 380,860 Disposals (net of amortisation) – (868) – – (868) Amortisation charge – (61,980) (3,107) (153) (65,240) Transferred to assets held for sale (102,667) (11,800) (2,842) (74,159) (191,468) Exchange differences – (1,430) – – (1,430) Closing net book amount 578,972 153,013 67,604 36,855 836,444 As at 30 June 2021 Cost 832,967 428,768 79,443 50,155 1,391,333 Accumulated amortisation and impairment (253,995) (275,755) (11,839) (13,300) (554,889) Closing net book amount 578,972 153,013 67,604 36,855 836,444 Year ended 30 June 2020 Opening net book amount 545,706 121,897 31,191 84,293 783,087 Additions - internally generated – 62,523 – – 62,523 Other business combinations – 108 – – 108 Disposals (net of amortisation) (24,198) (3,313) – – (27,511) Amortisation charge – (57,584) (3,599) (167) (61,350) Impairment charge (106,761) – – – (106,761) Exchange differences – 269 – – 269 Closing net book amount 414,747 123,900 27,592 84,126 650,365 As at 30 June 2020 Cost 877,545 384,485 45,353 97,274 1,404,657 Accumulated amortisation and impairment (462,798) (260,585) (17,761) (13,148) (754,292) Closing net book amount 414,747 123,900 27,592 84,126 650,365 1 Software includes capitalised development costs, being an internally generated intangible asset. 2 Brands includes indefinite life intangible assets allocated to the Financial Services CGU of $15.3 million (FY20: $3.9 million), to the India CGU of $14.5 million (FY20: nil) and to the Asia CGU of nil (FY20: $73.9 million). 3 Acquisitions of Mortgage Choice and Elara. 6. Intangible assets and impairment (continued) 78 Financial Statements