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192 BT Group plc
Annual Report 2016
12. Intangible assets
Goodwill
£m
Customer
relationships
andbrands
£m
Telecoms
licences
andother
£m
Internally
developed
software
£m
Purchased
software
£m
Total
£m
Cost
At 1 April 2014 1,331 394 415 3,156 1,262 6,558
Additions – – 1 488 72 561
Interest on qualifying assetsa– – – 2 – 2
Disposals and adjustments – – – (3) (9) (12)
Transfers – – – 35 (46) (11)
Exchange differences 65 5(26) 2(49) (3)
At 31 March 2015 1,396 399 390 3,680 1,230 7,095
Acquisitionsb6,430 3,012 2,524 129 286 12,381
Additions – – 1 331 80 412
Disposals and adjustments – – – (63) (27) (90)
Transfers – – – (4) 4 –
Exchange differences 52 5 15 – 37 109
At 31 March 2016 7,878 3,416 2,930 4,073 1,610 19,907
Accumulated amortisation
At 1 April 2014 323 101 1,939 1,108 3,471
Charge for the year 15 7448 60 530
Disposals and adjustments – – (5) (6) (11)
Transfers – – 18 (25) (7)
Exchange differences (2) (12) 1(45) (58)
At 31 March 2015 336 96 2,401 1,092 3,925
Charge for the year 78 27 437 79 621
Disposals and adjustments – – (91) (28) (119)
Exchange differences 4 8 – 32 44
At 31 March 2016 418 131 2,747 1,175 4,471
Carrying amount
At 31 March 2016 7,878 2,998 2,799 1,326 435 15,436
At 31 March 2015 1,396 63 294 1,279 138 3,170
a There was no interest capitalisation in 2015/16. Additions to internally developed software in 2014/15 included interest capitalised at a weighted average borrowing rate of 6%.
b Relates to the fair value of intangible assets identified on acquisition of EE on 29 January 2016. See note 14.