Interfront 2025 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2025 151 FINANCIAL INFORMATION Notes to the Financial Statements 8 Intangible assets 2025 2024 Cost/ Valuation Accumulated amortisation and accumulated impairment Carrying value Cost/ Valuation Accumulated amortisation and accumulated impairment Carrying value Intellectual property and other rights 73 582 623 (73 582 623) – 73 582 623 (72 387 329) 1 195 294 IT software 3 816 352 (3 599 283) 217 069 5 242 716 (4 865 730) 376 986 Total 77 398 975 (77 181 906) 217 069 78 825 339 (77 253 059) 1 572 280 Reconciliation of intangible assets – March 2025 Opening balance Additions Disposals Amortisation Total Intellectual property and other rights 1 195 294 – – (1 195 294) – IT software 376 986 – (6) (159 911) 217 069 1 572 280 – (6) (1 355 205) 217 069 Reconciliation of intangible assets – March 2024 Opening balance Additions Disposals Amortisation Total Intellectual property and other rights 2 789 018 – – (1 593 724) 1 195 294 IT software 922 280 50 907 (4 948) (591 253) 376 986 3 711 298 50 907 (4 948) (2 184 977) 1 572 280 Impairment As per GRAP26, management assessed whether there was any indication that the intangible assets were impaired. None was identified. 9 Deferred tax Deferred tax Liability Deferred tax 4 171 804 3 575 323 Reconciliation of deferred tax asset/(liability) At the beginning of the year 3 575 323 3 557 120 Temporary difference on prepayments (127 786) (115 621) Temporary difference on tangible fixed assets (295 795) (27 891) Movement in provision and accruals 862 334 (57 562) Reversing temporary difference on finance lease – – Originating temporary difference on operating lease (68 047) (81 757) Reversing temporary difference on Intellectual property 225 775 301 034 4 171 804 3 575 323