Tesco 2008 Annual Report Download - page 65

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Tesco PLC Annual Report and
Financial Statements 2008 63
Note 10 Goodwill and other intangible assets
Internally Pharmacy
generated and Other
development software intangible
costs licences assets Goodwill Total
£m £m £m £m £m
Cost
At 24 February 2007 583 233 39 1,684 2,539
Foreign currency translation 2 18 – 151 171
Additions 128 29 2 22 181
Acquisitions through business combinations – – 8 70 78
Reclassification across categories 1 1 (1) – 1
Disposals (23) (3) – – (26)
At 23 February 2008 691 278 48 1,927 2,944
Accumulated amortisation and impairment losses
At 24 February 2007 263 128 5 98 494
Foreign currency translation – 9 – – 9
Amortisation for the year 87 27 2 – 116
Reclassification across categories 1 – – – 1
Disposals (11) (1) – – (12)
At 23 February 2008 340 163 7 98 608
Net carrying value
At 23 February 2008 351 115 41 1,829 2,336
At 24 February 2007 320 105 34 1,586 2,045
Cost
At 25 February 2006 458 193 43 1,235 1,929
Foreign currency translation (2) (2) (3) (44) (51)
Additions 129 44 1 1 175
Acquisitions through business combinations – – 1 493 494
Reclassification across categories (2) 1 (1) – (2)
Disposals – (3) (2) (1) (6)
At 24 February 2007 583 233 39 1,684 2,539
Accumulated amortisation and impairment losses
At 25 February 2006 194 109 3 98 404
Foreign currency translation – (1) – – (1)
Amortisation for the year 69 22 2 – 93
Disposals – (2) – – (2)
At 24 February 2007 263 128 5 98 494
Net carrying value
At 24 February 2007 320 105 34 1,586 2,045
At 25 February 2006 264 84 40 1,137 1,525
There are no intangible assets, other than goodwill, with indefinite useful lives.