Notes 6-10
- 6. Taxation
- 7. Equity dividends
- 8. Earnings/(loss) per share
- 9. Intangible assets
- 10. Impairment
9. Intangible assets
Goodwill £m |
Licences and spectrum £m |
Computer software £m |
Other £m |
Total £m |
|
|---|---|---|---|---|---|
| Cost: | |||||
| 1 April 2007 | 75,068 | 17,256 | 4,305 | 865 | 97,494 |
| Exchange movements | 12,406 | 1,707 | 573 | 59 | 14,745 |
| Arising on acquisition | 4,316 | 3,045 | 8 | 256 | 7,625 |
| Additions | – | 33 | 993 | 8 | 1,034 |
| Disposals | – | (1) | (79) | – | (80) |
| Other(1) | (28) | – | – | – | (28) |
| 31 March 2008 | 91,762 | 22,040 | 5,800 | 1,188 | 120,790 |
| Exchange movements | 14,298 | 2,778 | 749 | 153 | 17,978 |
| Arising on acquisition | 613 | 199 | 69 | 130 | 1,011 |
| Additions | – | 1,138 | 1,144 | – | 2,282 |
| Disposals | – | (1) | (403) | – | (404) |
| Transfer to investments in associated undertakings | (9) | (16) | – | – | (25) |
| 31 March 2009 | 106,664 | 26,138 | 7,359 | 1,471 | 141,632 |
| Accumulated impairment losses and amortisation: | |||||
| 1 April 2007 | 34,501 | 3,356 | 2,989 | 376 | 41,222 |
| Exchange movements | 5,925 | 433 | 436 | 28 | 6,822 |
| Amortisation charge for the year | – | 1,343 | 802 | 337 | 2,482 |
| Disposals | – | – | (67) | – | (67) |
| 31 March 2008 | 40,426 | 5,132 | 4,160 | 741 | 50,459 |
| Exchange movements | 6,630 | 659 | 569 | 126 | 7,984 |
| Amortisation charge for the year | – | 1,522 | 885 | 346 | 2,753 |
| Impairment losses | 5,650 | 250 | – | – | 5,900 |
| Disposals | – | – | (391) | – | (391) |
| Transfers to investments in associated undertakings | – | (11) | – | – | (11) |
| 31 March 2009 | 52,706 | 7,552 | 5,223 | 1,213 | 66,694 |
| Net book value: | |||||
| 31 March 2008 | 51,336 | 16,908 | 1,640 | 447 | 70,331 |
| 31 March 2009 | 53,958 | 18,586 | 2,136 | 258 | 74,938 |
Note:
- (1)
- Represents a pre-tax charge against goodwill offsetting the tax benefit arising on recognition of a pre-acquisition deferred tax asset.
For licences and spectrum and other intangible assets, amortisation is included within the cost of sales line within the consolidated income statement. Licences and spectrum with a net book value of £2,765m (2008: £nil) have been pledged as security against borrowings.
The net book value at 31 March 2009 and expiry dates of the most significant licences are as follows:
Expiry date |
2009 £m |
2008 £m |
|
|---|---|---|---|
| Germany | December 2020 | 5,452 | 5,089 |
| UK | December 2021 | 4,246 | 4,579 |
| Qatar | June 2028 | 1,482 | – |
| Italy | December 2021 | 1,240 | 1,150 |