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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 16. Intangible assets Group Computer software ₦’million Cost At 1st January, 2015 Additions Other reclassifications (Note 16.1) Effect of foreign currency differences Balance at 31st December, 2015 Additions Other reclassifications Effect of foreign currency differences Balance at 31st December, 2016 Amortization At 1st January, 2015 Amortization expense Effect of foreign currency differences Balance at 31st December, 2015 Amortization expense Effect of foreign currency differences Balance at 31st December, 2016 Carrying amounts: At 31st December, 2015 At 31st December, 2016 2,302 282 - (31) 2,553 660 (75) 718 3,856 757 384 (36) 1,105 531 223 1,859 1,448 1,997 Exploration assets ₦’million 2,169 16 (772) (227) 1,186 85 - 941 2,212 15 14 (5) 24 17 23 64 1,162 2,148 Total ₦’million 4,471 298 (772) (258) 3,739 745 (75) 1,659 6,068 772 398 (41) 1,129 548 246 1,923 2,610 4,145 Intangible assets (computer software) represent software which is amortized on a straight line basis There are no development expenditure capitalised as internally generated intangible asset. 16.1 Represents exploration assets reclassified to property, plant and equipment at the completion of the plant 184 Annual Report 2016

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