47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 162
A.G. BARR p.l.c. Annual Report and Accounts 2025
N OTE S TO TH E
ACCO U NT S
CO N TI N U ED
10. Intangible assets continued
The customer relationships cost represents intangible assets recognised on the acquisition of Rubicon Drinks Limited and FUNKIN Limited. These costs were amortised over
the assets’ expected useful lives and are now fully amortised.
The amortisation costs for the year to 25 January 2025 have been included in the income statement as administration costs.
Company
Goodwill
£m
Brands
£m
Customer
relationships
£m
Water rights
£m
Software
development
costs
£m
Total
£m
Cost
At 29 January 2023
1.9
7.3
1.0
0.7
11.8
22.7
At 28 January 2024
Additions
1.9
5.1
7.3
29.0
1.0
–
0.7
–
11.8
–
22.7
34.1
At 25 January 2025
7.0
36.3
1.0
0.7
11.8
56.8
Amortisation
At 29 January 2023
Amortisation for the year
1.9
–
7.3
–
1.0
–
0.7
–
9.1
1.1
20.0
1.1
At 28 January 2024
Amortisation for the year
1.9
–
7.3
–
1.0
–
0.7
–
10.2
1.2
21.1
1.2
At 25 January 2025
1.9
7.3
1.0
0.7
11.4
22.3
Carrying amounts
At 25 January 2025
5.1
29.0
–
–
0.4
34.5
At 28 January 2024
–
–
–
–
1.6
1.6
On 1 June 2024 the Company acquired the assets and liabilities of Rio Tropical and on 31 October 2024 acquired the asset and liabilities of Boost Drinks Limited (‘Boost’).
These acquisitions are included in the additions of brands and goodwill in the table above.
The remaining goodwill and brands recognised in the Company relate to the acquisition of the Strathmore Water business and these are fully amortised. The software
development costs represent internally generated software development costs and third party consultancy costs incurred in relation to the Business Process Redesign project.
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