RBS 2005 Annual Report Download - page 165

section
03
Financial
statements
163
Notes on the accounts
Annual Report and Accounts 2005
17 Intangible assets Group
Core Other Internally
deposit purchased generated
Goodwill intangibles intangibles software Total
2005 £m £m £m £m £m
Cost:
At 1 January 2005 18,032 268 261 2,089 20,650
Currency translation and other adjustments 786 31 30 — 847
Acquisition of subsidiaries 113 — — — 113
Additions — — 34 329 363
Disposals and write-off of fully amortised assets (108) — — (124) (232)
At 31 December 2005 18,823 299 325 2,294 21,741
Accumulated amortisation and impairment:
At 1 January 2005 — 22 22 1,364 1,408
Currency translation and other adjustments — 5 3 — 8
Disposals and write-off of fully amortised assets — — — (106) (106)
Charge for the year — 58 39 402 499
At 31 December 2005 — 85 64 1,660 1,809
Net book value at 31 December 2005 18,823 214 261 634 19,932
2004
Cost:
At 1 January 2004 13,131 — — 1,827 14,958
Currency translation and other adjustments (518) (18) (2) — (538)
Acquisition of subsidiaries 5,435 286 263 — 5,984
Additions — — — 303 303
Disposals and write-off of fully amortised assets (16) — — (41) (57)
At 31 December 2004 18,032 268 261 2,089 20,650
Accumulated amortisation and impairment:
At 1 January 2004 — — — 931 931
Currency translation and other adjustments — (1) — — (1)
Disposals and write-off of fully amortised assets — — — (41) (41)
Charge for the year — 23 22 474 519
At 31 December 2004 — 22 22 1,364 1,408
Net book value at 31 December 2004 18,032 246 239 725 19,242
The weighted average amortisation period of purchased
intangible assets, other than goodwill, subject to amortisation
are:
Years
Core deposit intangibles 6
Other purchased intangibles 7
The amortisation expense for each of the next five years is
currently estimated to be:
£m
2006 113
2007 113
2008 113
2009 67
2010 20