Babylon Holdings Limited Registration statement for securities of certain foreign private issuers

Registration statement for securities of certain foreign private issuers

Intangible Assets and Goodwill (Tables)

Intangible Assets and Goodwill (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

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Schedule of Reconciliation of Changes in Intangible Assets and Goodwill

The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2021 and the year ended December 31, 2020 were as follows:


	Goodwill		Development Costs		Intangibles under Development			Customer Relationships		Trademarks		Choice Physician Network		Licenses		Total other intangible assets (excluding goodwill)
	$’000		$’000		$’000			$’000		$’000		$’000		$’000		$’000
Cost
Balance at January 1, 2020		61		15,559		28,873			—		—		—		—		44,432
Acquisitions through business combinations		17,771		—		—			3,100		3,300		1,500		—		7,900
Additions		—		940		43,027			—		—		—		—		43,967
Transfers		—		51,932		(51,932	)		—		—		—		—		—
Effect of movements in foreign exchange		—		631		1,170			—		—		—		—		1,801

Balance at December 31, 2020		17,832		69,061		21,138			3,100		3,300		1,500		—		98,100
Balance at January 1, 2021		17,832		69,061		21,138			3,100		3,300		1,500		—		98,100
Acquisitions through business combinations		13,471		—		—			10,800		1,900		3,500		590		16,790
Additions		—		—		17,012			—		—		—		—		17,012
Transfers		—		14,903		(14,903	)		—		—		—		—		—
Effect of movements in foreign exchange		—		871		230					—		—		—		1,101

Balance at June 30, 2021		31,303		84,835		23,477			13,900		5,200		5,000		590		133,002
Amortization and impairment
Balance at January 1, 2020		—		680		—			—		—		—		—		680
Amortization for the year		—		10,157		—			845		83		—		—		11,085
Impairment charge		—		6,436		—			—		—		38		—		6,474


	Goodwill		Development Costs		Intangibles under Development		Customer Relationships		Trademarks		Choice Physician Network		Licenses		Total other intangible assets (excluding goodwill)
	$’000		$’000		$’000		$’000		$’000		$’000		$’000		$’000
Effect of movements in foreign exchange		—		1,007		—		—		—		—		—		1,007

Balance at December 31, 2020		—		18,280		—		845		83		38		—		19,246
Balance at January 1, 2021		—		18,280		—		845		83		38		—		19,246
Amortization for the period		—		8,995		—		1,826		212		162		15		11,210
Impairment charge		—		—		—		—		—		—		—		—
Effect of movements in foreign exchange		—		215		—		—		—		—		—		215

Balance at June 30, 2021		—		27,490		—		2,671		295		200		15		30,671
Net book value
At January 1, 2020		—		14,878		28,873		—		—		—		—		43,751
At December 31, 2020 and January 1, 2021		17,832		50,780		21,138		2,255		3,217		1,462		—		78,853

At June 30, 2021		31,303		57,345		23,477		11,229		4,905		4,800		575		102,331

The changes in the carrying amount of goodwill and intangible assets for fiscal years 2020 and 2019 were as follows:


	Goodwill		Development Costs		Intangibles under Development			Customer Relationships		Trademarks		Choice Physician Network		Total other intangible assets (excl goodwill)
	$’000		$’000		$’000			$’000		$’000		$’000		$’000
Cost
Balance at January 1, 2019		—		544		7,591			—		—		—		8,135
Acquisitions through business combinations		61		—		—			—		—		—		—
Additions		—		—		36,036			—		—		—		36,036
Transfers				15,004		(15,004	)
Effect of movements in foreign exchange		—		10		250			—		—		—		260

Balance at December 31, 2019		61		15,558		28,873			—		—		—		44,431


Balance at January 1, 2020		61		15,558		28,873			—		—		—		44,431
Acquisitions through business combinations		17,771		—		—			3,100		3,300		1,500		7,900


	Goodwill		Development Costs		Intangibles under Development			Customer Relationships		Trademarks		Choice Physician Network		Total other intangible assets (excl goodwill)
	$’000		$’000		$’000			$’000		$’000		$’000		$’000
Additions		—		940		43,027			—		—		—		43,967
Transfers				51,932		(51,932	)								—
Effect of movements in foreign exchange		—		632		1,170			—		—		—		1,802

Balance at December 31, 2020		17,832		69,062		21,138			3,100		3,300		1,500		98,100


Amortization and impairment
Balance at January 1, 2019		—		19		—			—		—		—		19
Amortization for the year		—		643		—			—		—		—		643
Impairment charge		—		—		—			—		—		—		—
Effect of movements in foreign exchange		—		18		—			—		—		—		18

Balance at December 31, 2019		—		680		—			—		—		—		680


Balance at January 1, 2020		—		680		—			—		—		—		680
Amortization for the year		—		10,157		—			845		83		38		11,123
Impairment charge		—		6,436		—			—		—		—		6,436
Effect of movements in foreign exchange		—		1,008		—			—		—		—		1,008

Balance at December 31, 2020		—		18,281		—			845		83		38		19,247


Net book value
At January 1, 2019		—		525		7,591			—		—		—		8,116
At December 31, 2019 and January 1, 2020		61		14,878		28,873			—		—		—		43,751

At December 31, 2020		17,832		50,781		21,138			2,255		3,217		1,462		78,853