Accounts

Notes to the Accounts

 
 

Note 12 – Intangible fixed assets

Group £m
Cost at 1 April 2003 2,146
Exchange adjustments (292)
Additions 3
Cost at 31 March 2004 1,857
Exchange adjustments (59)
Acquisition of Group undertakings 625
Cost at 31 March 2005 2,423
   
Amortisation at 1 April 2003 253
Exchange adjustments (46)
Amortisation charge for the year 101
Impairment charge 12
Amortisation at 31 March 2004 320
Exchange adjustments (11)
Amortisation charge for the year 109
Impairment charge 2
Amortisation at 31 March 2005 420
Net book value at 31 March 2005 2,003
Net book value at 31 March 2004 1,537

The net book value of intangible fixed assets at 31 March 2005 included £nil (2004: £1m) relating to telecoms licences. The remaining net book value of intangible fixed assets related entirely to goodwill. The charge for the year relating to goodwill amortisation amounted to £109m (2004: £99m).

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