Barclays 2006 Annual Report Download - page 193

Barclays PLC
Annual Report 2006 189
Financial statements
3
24 Intangible assets
2006
Internally Core Mortgage
generated Other deposit Customer servicing Licences
software software intangibles Brands lists rights and other Total
£m £m £m £m £m £m £m £m
Cost or valuation
At 1st January 2006 188 43 306 183 582 – 139 1,441
Acquisitions –––––1142116
Additions 95 86 – – – 16 13 210
Exchange and other adjustments (16) (6) (64) (38) (115) (8) (14) (261)
At 31st December 2006 267 123 242 145 467 122 140 1,506
Accumulated amortisation and impairment
At 1st January 2006 (90) (18) (7) (9) (29) – (19) (172)
Amortisation charge (29) (7) (20) (16) (44) (11) (9) (136)
Impairment charge (2)(5)–––––(7)
Exchange and other adjustments 513391224
At 31st December 2006 (116) (29) (24) (22) (64) (10) (26) (291)
Net book value 151 94 218 123 403 112 114 1,215
2005
Internally Core
generated Other deposit Customer Licences
software software intangibles Brands lists and other Total
£m £m £m £m £m £m £m
Cost or valuation
At 1st January 2005 138 5 – – 36 53 232
Acquisitions/disposals – 9 288 172 524 10 1,003
Additions 68 23 – – – 82 173
Exchange and other adjustments (18) 6 18 11 22 (6) 33
At 31st December 2005 188 43 306 183 582 139 1,441
Accumulated amortisation and impairment
At 1st January 2005 (84) (3) – – (2) (4) (93)
Amortisation charge (20) (3) (7) (9) (27) (13) (79)
Impairment charge (5) (3) – – – (1) (9)
Exchange and other adjustments 19 (9) – – – (1) 9
At 31st December 2005 (90) (18) (7) (9) (29) (19) (172)
Net book value 98 25 299 174 553 120 1,269
Impairment charges on internally generated and other software reflect impairment of certain capitalised IT assets following a review of the future
economic benefits likely to be generated by them.
Impairment charges detailed above have been included within other operating expenses.