Notes to the consolidated financial statements For the year ended 30 June 2024
13. Intangible assets
Acquired client relationship contracts £’000
Contracts acquired with fund managers £’000
Computer software £’000
Goodwill £’000
Total £’000
Cost At 1 July 2022
51,887 12,486
6,930 2,954 (1,054) 8,830 1,734 10,564
70,011 6,087
3,521
132,349
Additions Disposals
–
21,527 (4,575)
–
–
(3,521)
At 30 June 2023
64,373
76,098
– – –
149,301
–
–
1,734
Additions
At 30 June 2024
64,373
76,098
151,035
Accumulated amortisation and impairment At 1 July 2022
11,213
251
31,477 5,670
3,521
46,462
Amortisation charge
– –
1,162
–
6,832
Accumulated amortisation on disposals
(1,054)
–
(3,521)
(4,575) 48,719 7,451 11,641 67,811
At 30 June 2023
11,213
359
37,147 5,848
– – – –
–
1,603
Amortisation charge
11,641 22,854
–
–
Impairment
At 30 June 2024
1,962
42,995
Net book value At 1 July 2022 At 30 June 2023 At 30 June 2024
40,674 53,160 41,519
6,679 8,471 8,602
38,534 38,951 33,103
– – –
85,887 100,582 83,224
The amortisation charge of intangible assets is recognised within administrative costs in the Consolidated statement of comprehensive income.
At 30 June 2024, intangible assets net book value totalling £70,009,000 are recognised in the United Kingdom and £13,215,000 are recognised in the Channel Islands.
134 Brooks Macdonald Group plc Annual Report and Accounts 2024
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