RBS 2011 Annual Report Download - page 373

RBS Group 2011 371
Goodwill
Core
deposit
intangibles
Other
purchased
intangibles
Internally
generated
software Total
2009 £m £m £m £m £m
Cost
At 1 January 45,624 2,780 4,367 4,524 57,295
Transfers to disposal groups (238) — — — (238)
Currency translation and other adjustments (2,743) (225) (281) (65) (3,314)
Additions — — 53 559 612
Disposal of subsidiaries — — — (16) (16)
Disposals and write-off of fully amortised assets —(2) — (187) (189)
At 31 December 42,643 2,553 4,139 4,815 54,150
Accumulated amortisation and impairment
At 1 January 30,062 1,407 2,369 3,408 37,246
Currency translation and other adjustments (2,046) (106) (137) (58) (2,347)
Disposals of subsidiaries — — — (13) (13)
Disposals and write-off of fully amortised assets —(1) — (138) (139)
Charge for the year - continuing operations —89 183 467 739
- discontinued operations —173 162 119 454
Write down of goodwill and other intangible assets 363 — — — 363
At 31 December 28,379 1,562 2,577 3,785 36,303
Net book value at 31 December 14,264 991 1,562 1,030 17,847
Goodwill is analysed by operating segment in Note 38.
Impairment review
The Group's goodwill acquired in business combinations is reviewed annually at 30 September for impairment by comparing the recoverable amount of
each cash generating unit (CGU) to which goodwill has been allocated with its carrying value.
The CGUs of the Group, excluding RFS Holdings minority interest, where the goodwill is significant, principally arose on the acquisitions of NatWest,
ABN AMRO, Charter One and Churchill and are as follows:
Goodwill at 30 September
Recoverable
amount
based on
2011
£m
2010
£m
2009
£m
UK Retail Value in use 2,697 2,697 2,697
UK Corporate Value in use 2,693 2,693 2,693
Wealth Value in use 611 611 611
Global Transaction Services Value in use 2,370 2,376 2,749
US Retail & Commercial Value in use 2,826 2,811 2,761
RBS Insurance Value in use 935 935 935