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SUN INTERNATIONAL ANNUAL REPORT ’10
164
NOTES TO THE GROUP FINANCIAL STATEMENTS CONTINUED
for the year ended 30 June
15. INTANGIBLE ASSETS
Net carrying value
Sun International name 72 72
Bid costs 173 200
Management contracts 4 4
Goodwill 84 89
Lease premiums 16 17
2010
Rm Cost
Asset type
Sun
International
name
Bid
costs
Management
contracts Goodwill
2010
Rm
2009
Rm
349 382
Lease
premiums Closing
Opening balance 72 563 5 197 35 872
Additions – 19 – – – 19
Exchange rate adjustments – – – (5) – (5)
Closing balance 72 582 5 192 35 886
2010
Rm Accumulated amortisation and impairments
Asset type
Bid
costs
Management
contracts Goodwill
Lease
premiums Closing
Opening balance (363) (1) (108) (18) (490)
Amortisation (46) – – (1) (47)
Closing balance (409) (1) (108) (19) (537)
2009
Rm Cost
Asset type
Sun
International
name
Bid
costs
Management
contracts Goodwill
Lease
premiums Closing
Opening balance 72 530 5 – 35 642
Additions – 9 – – – 9
Reclassifications – 8 – – – 8
Exchange rate adjustments – 1 – (1) – –
Acquisition of SFIR – 15 – 198 – 213
Closing balance 72 563 5 197 35 872
2009
Rm Accumulated amortisation and impairments
Asset type
Bid
costs
Management
contracts Goodwill
Lease
premiums Closing
Opening balance (316) (1) – (17) (334)
Amortisation (47) – – (1) (48)
Impairment of goodwill – – (108) – (108)
Closing balance (363) (1) (108) (18) (490)