Annual report and accounts 2023 - Flipbook - Page 162
A.G. BARR p.l.c. Annual Report and Accounts 2023
Notes to the Accounts continued
11.
Intangible assets
Goodwill
£m
Brands
£m
Customer
relationships
£m
Water rights
£m
Software
development
costs
£m
Total
£m
Cost
At 24 January 2021
Additions
39.0
1.0
57.1
8.4
3.9
–
0.7
–
11.8
–
112.5
9.4
At 30 January 2022
Additions
40.0
1.9
65.5
16.9
3.9
–
0.7
–
11.8
–
121.9
18.8
At 29 January 2023
41.9
82.4
3.9
0.7
11.8
140.7
Amortisation and impairment losses
At 24 January 2021
Amortisation for the year
3.6
–
7.3
–
3.8
0.1
0.7
–
6.6
1.2
22.0
1.3
At 30 January 2022
Amortisation for the year
At 29 January 2023
3.6
–
3.6
7.3
–
7.3
3.9
–
3.9
0.7
–
0.7
7.8
1.2
9.0
23.3
1.2
24.5
Carrying amounts
At 29 January 2023
38.3
75.1
–
–
2.8
116.2
At 30 January 2022
36.4
58.2
–
–
4.0
98.6
Group
During the year ended 29 January 2023, the Group acquired a 100% interest in Boost Drinks Holdings Limited (“Boost”). In addition the Group acquired the remaining 38.2%
interest in MOMA Foods Ltd ("MOMA") having acquired a 61.8% controlling interest in the prior year. Details of brand and goodwill recognised on acquisition are included in
Note 15.
The remaining goodwill and brands recognised relate primarily to the acquisition of Rubicon Drinks Limited and FUNKIN Limited. The software development costs represent
internally generated software development costs and third party consultancy costs in relation to the Business Process Redesign project implemented in 2015.
The opening customer relationships balance represents intangible assets recognised on the acquisition of Rubicon Drinks Limited and FUNKIN Limited. The amortisation
charge represents the spreading of the cost over the assets' expected useful lives. All customer relationships are fully amortised.
The amortisation costs for the year to 29 January 2023 have been included in the income statement as administration costs.
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