Virgin Media 2009 Annual Report Download - page 182
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 6—Goodwill and Intangible Assets
Goodwill and intangible assets consist of (in millions):
December 31,
Estimated
Useful Life 2009 2008
Goodwill and intangible assets not subject to
amortization:
Goodwill .............................. £1,916.5 £1,922.2
Reorganization value in excess of amounts
allocable to identifiable assets ............. 153.2 153.2
Trademarks ............................ 11.3 16.0
£2,081.0 £2,091.4
Intangible assets subject to amortization:
Cost
Customer lists .......................... 3-6 years £ 754.6 £1,052.9
Software and other intangible assets .......... 1-3 years 5.5 32.8
760.1 1,085.7
Accumulated amortization
Customer lists .......................... 489.5 549.9
Software and other intangible assets .......... 4.7 25.5
494.2 575.4
£ 265.9 £ 510.3
Estimated aggregate amortization expense for each of the five succeeding fiscal years after
December 31, 2009 is as follows: £147.4 million in 2010, £118.5 million in 2011 and nil thereafter.
During the years ended December 31, 2009 and 2008, assets not subject to amortization were
adjusted for the following (in millions):
Reorganization
Trademarks Value Goodwill
Balance, December 31, 2007 ............................ £16.5 £153.2 £2,285.7
Deferred tax balances ............................... — — (1.3)
Goodwill and intangible asset impairments ................ (0.5) — (362.2)
Balance, December 31, 2008 ............................ £16.0 £153.2 £1,922.2
Goodwill and intangible asset impairments ................ (4.7) — —
Amendment to business acquisition goodwill .............. — — (5.7)
Balance, December 31, 2009 ............................ £11.3 £153.2 £1,916.5
As at December 31, 2009, goodwill and intangible assets not subject to amortization totaling
£1,820.2 million, £206.8 million and £54.0 million are allocated to our Consumer, Business and Content
reporting units, respectively.
F-86