| |
| |
Group |
Company |
|
|
|
|
|
| |
31 March
2021
Rm |
31 March
2021
Rm |
| Other current assets |
466 |
459 |
466 |
459 |
| Contract costs capitalised |
255 |
261 |
255 |
261 |
| Ongoing commission capitalised assets |
211 |
198 |
211 |
198 |
| |
|
|
|
|
| Contract costs capitalised |
255 |
261 |
255 |
261 |
| Opening balance |
261 |
299 |
261 |
299 |
| Contract costs capitalised during the year |
276 |
265 |
276 |
265 |
| Contracts cancelled during the year |
(25) |
(26) |
(25) |
(26) |
| Amortisation recognised as cost of providing services during the year |
(257) |
(277) |
(257) |
(277) |
|
|
|
|
|
Contract costs capitalised relate to commission and incentive costs paid to dealers and sales staff, which are considered incremental to the acquisition
and fulfilment of the contract. The contract costs capitalised are amortised as an expense over the term of the contract to which the commission relates.
Management expects that the full cost will be recovered through the revenue recognised on these contracts and has consequently not recognised any
impairment on the contract costs capitalised.
| Ongoing commission capitalised assets |
|
|
|
|
| Contract asset – ongoing commission |
211 |
198 |
211 |
198 |
| Ongoing commission (included in trade and other payables) |
(211) |
(198) |
(211) |
(198) |
| |
|
|
|
|
| Opening balance |
198 |
237 |
198 |
237 |
| Expense amortised in the current year |
(117) |
(127) |
(117) |
(127) |
| New contracts entered into |
234 |
206 |
234 |
206 |
| Contracts cancelled during the year |
(104) |
(118) |
(104) |
(118) |
| Closing balance |
211 |
198 |
211 |
198 |
|
