159 Annual Report 2024 7. Intangible assets Group Goodwill Sales order backlog Noncompete agreement Licences Intellectual property rights Customer relationships Technical know-how Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Cost: At 1 January 2023 88,907 2,255 1,970 1,801 503 24,682 3,761 123,879 Currency realignment (1,521) (53) (47) (5) (11) (416) (91) (2,144) Additions − − − 900 − − − 900 Acquisition of businesses (Note 5) 13,471 − − 10 − 4,701 − 18,182 At 31 December 2023 and 1 January 2024 100,857 2,202 1,923 2,706 492 28,967 3,670 140,817 Currency realignment (568) 71 63 7 17 (305) 121 (594) Additions − − − − 134 − − 134 Acquisition of businesses (Note 5) 10,879 − − − − 6,702 − 17,581 Reclassification 3,510 − − − − (1,175) − 2,335 At 31 December 2024 114,678 2,273 1,986 2,713 643 34,189 3,791 160,273 Accumulated amortisation and impairment loss: At 1 January 2023 24,124 2,255 1,383 1,757 79 12,602 853 43,053 Currency realignment (372) (53) (38) (4) (2) (184) (35) (688) Amortisation for the year − − 196 117 25 3,993 689 5,020 At 31 December 2023 and 1 January 2024 23,752 2,202 1,541 1,870 102 16,411 1,507 47,385 Currency realignment 496 71 54 6 3 (177) 56 509 Amortisation for the year − − 194 123 26 4,300 317 4,960 At 31 December 2024 24,248 2,273 1,789 1,999 131 20,534 1,880 52,854 Net carrying value: At 31 December 2024 90,430 − 197 714 512 13,655 1,911 107,419 At 31 December 2023 77,105 − 382 836 390 12,556 2,163 93,432 Remaining amortisation period (years): At 31 December 2024 NA – 1 7 5 - 15 3 - 8 6 NA At 31 December 2023 NA – 2 Less than 1 - 8 16 Less than 1 - 8 Less than 1 - 7 NA NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024
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