Interfront 2023 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2023 117 FINANCIAL INFORMATION PART Notes to the Financial Statements  Property, plant and equipment (continued) Figures in Rand 2023 2022 Other information Expenditure incurred to repair and maintain property, plant and equipment Expenditure incurred to repair and maintain property, plant and equipment included in the Statement of Financial Performance Repairs and maintenance 462 106 376 272 Impairment As per GRAP 26, management assessed whether there was any indication that the tangible assets were impaired. None was identified.  Intangible assets 2023 2022 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 (70 793 605) 2 789 018 73 582 623 (63 435 342) 10 147 281 IT software 8 679 891 (7 757 611) 922 280 8 392 416 (6 990 880) 1 401 536 Total 82 262 514 (78 551 216) 3 711 298 81 975 039 (70 426 222) 11 548 817 Reconciliation of intangible assets – March 2023 Opening balance Additions Amortisation Total Intellectual property and other rights 10 147 281 – (7 358 263) 2 789 018 IT software 1 401 536 287 475 (766 731) 922 280 11 548 817 287 475 (8 124 994) 3 711 298 Reconciliation of intangible assets – March 2022 Opening balance Additions Amortisation Total Intellectual property and other rights 17 505 543 – (7 358 262) 10 147 281 IT software 2 294 328 – (892 792) 1 401 536 19 799 871 – (8 251 054) 11 548 817 Impairment As per GRAP 26, management assessed whether there was any indication that the intangible assets were impaired. None was identified.