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).