Vodafone 2008 Annual Report Download - page 105

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9. Intangible assets
Licences and
spectrum Computer
Goodwill fees software Other Total
£m £m £m £m £m
Cost:
1 April 2006 76,130 16,991 3,572 755 97,448
Exchange movements (2,321) (431) (55) (99) (2,906)
Arising on acquisition 1,746 707 18 257 2,728
Additions – 308 799 – 1,107
Transfer to other investments (487) (319) – (48) (854)
Disposals – – (29) – (29)
31 March 2007 75,068 17,256 4,305 865 97,494
Exchange movements 12,406 1,707 573 59 14,745
Arising on acquisition 4,316 3,045 8 256 7,625
Additions – 33 993 8 1,034
Disposals – (1) (79) – (80)
Other(1) (28) – – – (28)
31 March 2008 91,762 22,040 5,800 1,188 120,790
Accumulated impairment losses and amortisation:
1 April 2006 23,524 2,359 2,339 108 28,330
Exchange movements (623) (61) (45) (14) (743)
Amortisation charge for the year – 1,088 719 293 2,100
Impairment losses 11,600 – – – 11,600
Transfer to other investments – (30) – (11) (41)
Disposals – – (24) – (24)
31 March 2007 34,501 3,356 2,989 376 41,222
Exchange movements 5,925 433 436 28 6,822
Amortisation charge for the year – 1,343 802 337 2,482
Disposals – – (67) – (67)
31 March 2008 40,426 5,132 4,160 741 50,459
Net book value:
31 March 2007 40,567 13,900 1,316 489 56,272
31 March 2008 51,336 16,908 1,640 447 70,331
Note:
(1) Represents a pre-tax charge against goodwill offsetting the tax benefit arising on recognition of a pre-acquisition deferred tax asset.
For licences and spectrum fees and other intangible assets, amortisation is included within the cost of sales line within the Consolidated Income Statement.
The net book value at 31 March 2008 and expiry dates of the most significant purchased licences are as follows:
2008 2007
Expiry date £m £m
Germany December 2020 5,089 4,684
UK December 2021 4,579 4,912
Vodafone Group Plc Annual Report 2008 103