Strategic Report
Governance Report
Financial Statements
Company Financial Statements
17. Intangible assets continued
18. Property, plant and equipment
CGU
Pre-tax discount rate
Annual revenue growth
Fixtures, fittings
11%
7%-8%
LIFT
Leasehold improvements £’000
and office equipment £’000
IT equipment £’000
12% (2024: 13%) 12% (2024: 14%)
8%-10% (2024: 8%-9%) 9%-10% (2024: 9%-15%)
Cornelian
Total £’000
Adroit
14% (2024: 14%) 16%-28% (2024: 8%-13%)
Integrity
Cost At 1 July 2023
13%
9%-10%
Lucas Fettes
3,146
642
966
4,754
14% (2024: 15%)
(4)%-0% (2024: 2%-9%)
Funds
Additions Disposals
13
47
23
83
12%
9%-10%
CST
(11)
(3)
(3)
(17)
At 30 June 2024
3,148 2,617
686 183
986 477
4,820 3,277
All CGUs with goodwill showed surplus recoverable amounts over carrying amounts in the impairment assessments as of 30 June 2025. No significant changes to assumptions of CGU-specific risks necessitate further disclosure. Sensitivity analysis: reasonably possible changes to assumptions The below table reflects the sensitivity analysis conducted to determine the potential for impairment under reasonably possible changes in assumptions.
Additions Disposals
–
(7)
–
(7)
(730)
(151)
(146)
(1,027)
Disposal of subsidiary
At 30 June 2025
5,035
711
1,317
7,063
Accumulated depreciation At 1 July 2023
1,647
442
542 190
2,631
Depreciation charge
571
95
856
Change in pre-tax discount rate
Change in revenue growth rate
Depreciation on disposals
(11)
(3)
(3)
(17)
CGU
At 30 June 2024
2,207
534 144
729 138 178
3,470
Increase to 14% Reduction to (2)%-(1)% Increase to 14% Reduction to 1%-3% Increase to 15% Reduction to 1%-2% Increase to 22% Reduction to 0%-12% Increase to 16% Reduction to 4%-5%
LIFT
51
333 646
Additions
Cornelian
384
84
Depreciation charge Disposal of subsidiary
Adroit
(566)
(105)
(133)
(804)
Integrity
At 30 June 2025
2,076
657
912
3,645
Lucas Fettes
* *
*
Funds
Net book value At 30 June 2023 At 30 June 2024 At 30 June 2025
CST * * There are no reasonably possible changes to assumptions that would result in an impairment.
1,499
200 152
424 257 405
2,123 1,350 3,418
941
2,959
54
17(b) Computer software Internally developed software is amortised on a straight-line basis over a lifespan of approximately four years, subject to specific project adjustments based on size and usability. 17c) Acquired client relationship contracts Acquired client relationship contracts represent fair value and are amortised over estimated useful lives ranging from six to twenty years. The additions within the financial year relate to client relationships recognised on acquisition, including the acquisition of a portfolio of financial advice clients, totalling £22,977,000.
Brooks Macdonald Group plc Annual Report and Accounts 2025
137
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