RBS 2008 Annual Report Download - page 221

RBSGroup Annual Report and Accounts 2008220
Notes on the accounts continued
17 Intangible assets
Group
Core Other Internally
deposit purchased generated
Goodwill intangibles intangibles software Total
2008 £m £m £m £m £m
Cost:
At1 January 2008 42,953 2,344 3,489 3,882 52,668
Transfers to disposal groups (3,692) (240) (105) (146) (4,183)
Currency translation and other adjustments 8,905 680 961 214 10,760
Acquisition of subsidiaries 524 ———524
Additions ——23 602 625
Disposal of subsidiaries (3,066) ——(7) (3,073)
Disposals and write-off of fully amortised assets —(4) (1) (21) (26)
At31 December 2008 45,624 2,780 4,367 4,524 57,295
Accumulated amortisation and impairment:
At1 January 2008 —238 223 2,291 2,752
Transfer to disposal groups ———(37) (37)
Currency translation and other adjustments —150 210 69 429
Disposals and write-off of fully amortised assets —(3) (1) (19) (23)
Charge for the year —337 582 651 1,570
Write down of goodwill and other intangible assets 30,062 685 1,355 453 32,555
At31 December 2008 30,062 1,407 2,369 3,408 37,246
Net book value at 31 December 2008 15,562 1,373 1,998 1,116 20,049
2007
Cost:
At1 January 2007 17,889 265 275 2,642 21,071
Currency translation and other adjustments 1,187 105 177 52 1,521
Acquisition of subsidiaries 23,917 1,974 3,034 791 29,716
Additions —— 6481 487
Goodwill written off (40) ———(40)
Disposals and write-off of fully amortised assets —— (3) (84) (87)
At31 December 2007 42,953 2,344 3,489 3,882 52,668
Accumulated amortisation:
At1 January 2007 —127 97 1,943 2,167
Currency translation and other adjustments —1337
Disposals and write-off of fully amortised assets —— (1) (80) (81)
Charge for the year – continuing operations — 110 124 401 635
Charge for the year – discontinued operations ———24 24
At 31 December 2007 — 238 223 2,291 2,752
Net book value at 31 December 2007 42,953 2,106 3,266 1,591 49,916