Carphone Warehouse 2015 Annual Report Download - page 112

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
110
9 Goodwill
2 May
2015
£million
29 March
2014
£million
A
t beginning of yea
r
481 —
CPW Europe Acquisition (note 23) — 484
Dixons Retail Merger (note 23) 2,629 —
Impairment (35) —
Foreign exchange (86) (3)
A
t end of yea
r
2,989 481
Cost 2,989 481
A
ccumulated impairment — —
2,989 481
a) Carrying value of goodwill
The components of goodwill comprise the following businesses:
2 Ma
y
2015
£million
29 March
2014
£million
UK & Ireland – Dixons 1,633 —
UK – Carphone Warehouse 406 406
Ireland – Carphone Warehouse 6 8
Nordics 916 —
Spain 28 31
Netherlands — 36
2,989 481
The goodwill arising on the Dixons Retail Merger was allocated to the CGUs which were expected to benefit from the acquisition,
based on value in use calculations. The Non-Headline impairment charge relates to the operations in the Netherlands as
described in note 24.