4. Assets held for sale Group 2022 2021 R’m R’m Opening net book amount 60 – Transfer from investment property – 60 Disposals (60) – Closing net book amount – 60 Erf 414 Wendywood was sold on 1 March 2022. The asset held for sale is stated at fair value less costs to sell. The non-recurring fair value measurement of the asset held for sale has been categorised as a Level 3 fair value, based on the inputs to the valuation technique used. The asset held for sale was valued using the discounted cash flow of future income stream method. Refer to note 38.5 for further information. 5. Intangible assets Computer Customer Software Relationships Total R’m R’m R’m Year ended 31 December 2021 Opening net carrying value 228 7 235 Additions 61 1 62 Amortisation (51) (1) (52) Impairment (1) – (1) Closing net carrying value 237 7 244 At 31 December 2021 Cost 415 9 424 Accumulated amortisation and impairment (178) (2) (180) Net carrying value at end of year 237 7 244 Year ended 31 December 2022 Opening net carrying value 237 7 244 Additions 62 – 62 Amortisation (72) (1) (73) Impairment – – – Reclassification from property and equipment* 31 31 Closing net carrying value 258 6 264 At 31 December 2022 Cost 486 9 495 Accumulated amortisation and impairment (228) (3) (231) Net carrying value at end of year 258 6 264 * Acquired software was reclassified to Intangible assets to be grouped with internally developed software. Computer Software at a cost of R57 million (2021: R12 million) and accumulated amortisation of R57 million (2021: R12 million) was deemed obsolete and written off during the year. 129 Notes to the Consolidated Financial Statements
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