Tesco 2011 Annual Report Download - page 118

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NOTE 10 GOODWILL AND OTHER INTANGIBLE ASSETS
Internally
generated
development
costs
£m
Pharmacy
and
software
licences
£m
Other
intangible
assets
£m
Goodwill
£m
Total
£m
Cost
At 27 February 2010 1,133 368 335 3,566 5,402
Foreign currency translation – (5) (2) (48) (55)
Additions 243 128 2 82 455
Reclassification (74) 74 7 – 7
Disposals (2) (2) – – (4)
At 26 February 2011 1,300 563 342 3,600 5,805
Accumulated amortisation and impairment losses
At 27 February 2010 574 242 180 229 1,225
Foreign currency translation – (5) – – (5)
Amortisation for the year 100 52 43 – 195
Impairment losses for the year – – – 55 55
Disposals (2) (1) – – (3)
At 26 February 2011 672 288 223 284 1,467
Net carrying value
At 26 February 2011 628 275 119 3,316 4,338
At 27 February 2010 559 126 155 3,337 4,177
Internally
generated
development
costs
£m
Pharmacy
and
software
licences
£m
Other
intangible
assets
£m
Goodwill
£m
Total
£m
Cost
At 28 February 2009 879 310 318 3,332 4,839
Foreign currency translation 9 11 14 136 170
Additions 111 50 2 98 261
Reclassification 136 (1) 1 1 137
Disposals (2) (2) – (1) (5)
At 27 February 2010 1,133 368 335 3,566 5,402
Accumulated amortisation and impairment losses
At 28 February 2009 426 197 42 98 763
Foreign currency translation 3 6 3 1 13
Amortisation for the year 103 43 131 – 277
Reclassification 42 (3) 4 (1) 42
Impairment losses for the year – – – 131 131
Disposals – (1) – – (1)
At 27 February 2010 574 242 180 229 1,225
Net carrying value
At 27 February 2010 559 126 155 3,337 4,177
At 28 February 2009 453 113 276 3,234 4,076
There are no intangible assets, other than goodwill, with indefinite useful lives.
FINANCIAL STATEMENTS
114
—
TESCO PLC Annual Report and Financial Statements 2011
Notes to the Group financial statements