Vodafone 2015 Annual Report Download - page 133
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Estimated useful lives
The estimated useful lives of nite lived intangible assets are as follows:
a Licence and spectrum fees 3–25 years
a Computer software 3–5 years
a Brands 1–10 years
a Customer bases 2–7 years
Licences and Computer
Goodwill spectrum software Other Total
£m £m £m £m £m
Cost:
1 April 2013 73,316 28,871 8,879 2,905 113 , 971
Exchange movements (3,054) (1,757) (375) (434) (5,620)
Arising on acquisition 6,859 1,319 464 2, 861 11, 5 0 3
Additions – 2,228 1,437 – 3,665
Disposals – (74) (296) – (370)
Other – 5 103 – 108
31 March 2014 77,121 30,592 10,212 5,332 123,257
Exchange movements (8,756) (1,235) (1,036) (542) (11,569)
Arising on acquisition 1,634 –48 905 2,587
Additions –467 1,844 17 2,328
Disposals – – (464) (12) (476)
Other –(20) 11 –(9)
31 March 2015 69,999 29,804 10,615 5,700 116,118
Accumulated impairment losses and amortisation:
1 April 2013 48,926 12,534 6 ,112 2,260 69,832
Exchange movements (1,720) (732) (261) (338) (3,051)
Amortisation charge for the year – 1,683 1,282 557 3,522
Impairment losses 6,600 – – – 6,600
Disposals – (65) (278) – (343)
Other – – 9 – 9
31 March 2014 53,806 13,420 6,864 2,479 76,569
Exchange movements (6,344) (717) (707) (234) (8,002)
Amortisation charge for the year –1,751 1,491 1,277 4,519
Disposals – – (454) (12) (466)
Other – – 8 – 8
31 March 2015 47,462 14,454 7,202 3,510 72,628
Net book value:
31 March 2014 23,315 17,172 3,348 2,853 46,688
31 March 2015 22,537 15,350 3,413 2,190 43,490
For licences and spectrum and other intangible assets, amortisation is included within the cost of sales line within the consolidated income
statement. Licences and spectrum with a net book value of £2,059 million (2014: £3,885 million) have been pledged as security against borrowings.
The net book value and expiry dates of the most signicant licences are as follows:
2015 2014
Expiry date £m £m
Germany 2016/2020/2025 2,843 3,743
Italy 2018/2021/2029 1,094 1,301
UK 2033 3,050 3,425
India 2015–2034 3,994 3,885
Qatar 2028/2029 987 945
Netherlands 2016/2029/2030 940 1,188
The remaining amortisation period for each of the licences in the table above corresponds to the expiry date of the respective licence. A summary
of the Group’s most signicant spectrum licences can be found on page 200.
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
131