Carphone Warehouse 2015 Annual Report Download - page 114

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
112
10 Intangible assets
Acquisition intangibles
Brands
£million
Customer
relationships
£million
Sub-total
£million
Software
and
licences
£million
Total
£million
Balance at 30 March 2014 8 42 50 86 136
Dixons Retail Merger 365 8 373 30 403
A
dditions — 2 2 86 88
A
mortisation (21) (17) (38) (32) (70)
Impairment (1) (6) (7) (3) (10)
Disposal of business —(1) (1) — (1)
Reclassification to held for sale — — — (2) (2)
Foreign exchange (15) (2) (17) (2) (19)
Balance at 2 May 2015 336 26 362 163 525
Cost 357 54 411 209 620
A
ccumulated amortisation and impairment losses (21) (28) (49) (46) (95)
Balance at 2 May 2015 336 26 362 163 525
Acquisition intangibles
Brands
£million
Customer
relationships
£million
Sub-total
£million
Software
and
licences
£million
Total
£million
Balance at 1 April 2013 — — — — —
CPW Europe Acquisition 10 56 66 54 120
A
dditions — — — 48 48
A
mortisation (2) (14) (16) (16) (32)
Balance at 29 March 2014 8 42 50 86 136
Cost 10 56 66 102 168
A
ccumulated amortisation and impairment losses (2) (14) (16) (16) (32)
Balance at 29 March 2014 8 42 50 86 136
Software and licences include assets with a cost of £35 million (2014: £14 million) on which amortisation has not been charged
as the assets have not yet been brought into use.
Intangibles acquired as part of the Dixons Retail Merger
Acquisition intangibles included customer relationships and brands. Each class of intangible asset was independently valued by
independent experts using appropriate valuation techniques. The primary intangible assets, their net book values and
amortisation periods are as follows:
Net book
value
£million
Amortisation
period
Years
CurrysPCWorld 163 15
Elgiganten 66 15
Elkjøp 54 15
Gigantti 32 15
Software and licences were independently valued using an amortised replacement cost method.