SBN HOLDINGS LIMITED Annual Report 2022
NOTES TO THE ANNUAL FINANCIAL STATEMENTS continued
84
Goodwill and other intangible assets
9.
9.1
Group
10.
Ordinary share capital
10.1
Authorised
SBN HOLDINGS LIMITED
Annual report 2022
85
55
Goodwill
N$'000
Customer
relationships
Computer
GROUP
COMPANY
N$'000
software¹
N$'000
Total
N$'000
2022
N$'000
2021
N$'000
2022
N$'000
2021
N$'000
Net book value 1 January 2021
39 020
8 335
453 414
500 769
800 000 000 ordinary shares at N$0.002 per share
1 600
1 600
1 600
1 600
Cost
39 020
10 103
588 216
637 339
Accumulated amortisation
(1768)
(134 802)
(136 570)
10.2
Issued
(1768)
48 856
47 088
Movements
Additions
96 537
96 537
Amortisation
(1768)
(47 681)
(49 449)
39 020
6 567
502 270
547 857
Net book value 31 December 2021
Cost
39 020
10 103
Accumulated amortisation
(3.536)
684 754
(182 484)
733 877
(186 020)
(1 768)
(28 356)
(30 124)
Movements
10.3
Additions
24 663
24 663
522 471 910 ordinary shares at N$0.002 per share
There was no change in the issued share capital in the current year (2021: no change).
Unissued
GROUP
COMPANY
2022
N$'000
2021
N$'000
2022
N$'000
2021
N$'000
1 045
1 045
1 045
1 045
Amortisation
(1 768)
(53 019)
(54 787)
Net book value - 31 December 2022
Cost
Accumulated amortisation
39 020
4 799
473 914
517 733
39 020
10 103
(5 304)
709 417
758 540
(235 503)
(240 807)
277 528 090 ordinary shares at N$0.002 per share
GROUP
COMPANY
2022
N$'000
2021
N$'000
2022
N$'000
2021
N$'000
555
555
555
555
1 Computer software mainly comprises the company's core banking system, Finacle, with a carrying amount of N$288 million (2021: N$289 million) and a
remaining amortisation period of eight years.
9.2
Goodwill composition
Gross
N$'000
2022
Accumulated
impairment
N$'000
2021
Total
N$'000
Gross
N$'000
Accumulated
impairment
N$'000
Total
N$'000
GROUP
Mobicash Payments Solutions
(Proprietary) Limited
39 020
Total
39 020
39 020
39 020
39 020
39 020
11.
Ordinary share premium
GROUP
COMPANY
2022
N$'000
2021
N$'000
2022
N$'000
2021
N$'000
Share premium on issue of shares
642 189
642 189
642 189
642 189
12.
Trading liabilities
39 020
39 020
COMPANY
2022
N$'000
2021
N$'000
2022
N$'000
Government, municipality and utility bonds
36 799
55 754
Total
36 799
55 754
GROUP
2021
N$'000
Based on the impairment test performed, no impairment was recognised for 2022 (2021: nil). Details on key management
assumptions used to determine the recoverable amount are disclosed in the key management assumptions section.View entire presentation