Vodafone 2005 Annual Report Download - page 99

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Financials |97
The cost of assets in the course of construction, which are not subject to depreciation, was:
2005
£m
Land and buildings 16
Equipment, fixtures & fittings 341
Network infrastructure 986
Total 1,343
13.Fixed asset investments
Associated undertakings
Group
£m
Share of net assets:
1 April 2004 3,075
Exchange movements (41)
Share of retained results excluding goodwill amortisation 152
Share of goodwill amortisation (42)
31 March 2005 3,144
Capitalised goodwill:
1 April 2004 18,151
Exchange movements (173)
Acquisitions (note 25) 5
Goodwill amortisation (1,729)
31 March 2005 16,254
Net book value:
31 March 2005 19,398
31 March 2004 21,226
For acquisitions of associated undertakings prior to 1 April 1998, the cumulative goodwill written off to reserves, net of the goodwill attributed to business disposals, was
£467 million at 31 March 2005 (2004: £467 million).
The Group’s share of its associated undertakings comprises:
2005 2004
£m £m
Share of turnover of associated undertakings 11,648 10,179
Share of assets:
Fixed assets 8,895 8,139
Current assets 2,651 2,263
11,546 10,402
Share of liabilities:
Liabilities due within one year 5,398 4,695
Liabilities due after more than one year 2,578 2,197
Minority interests 426 435
8,402 7,327
Share of net assets 3,144 3,075
Attributed goodwill net of accumulated amortisation and impairment 16,254 18,151
19,398 21,226
In addition, minority interests disclosed in the Consolidated Profit and Loss account for the year ended 31 March 2005 includes £45 million in respect of joint ventures and
associated undertakings (2004: £61 million; 2003: £(20) million).