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Introduction | Business review | Governance | Financial statements
13. Goodwill
Home Retail
Experian Group Total
US$m US$m US$m
At 1 April 2006 2,070 3,272 5,342
Differences on exchange 93 286 379
Additions through business combinations (note 30 (a)) 71 – 71
Reduction in goodwill relating to tax losses (14) – (14)
Demerger of Home Retail Group (note 30(b)) – (3,558) (3,558)
Disposals (1) – (1)
At 31 March 2007 2,219 – 2,219
In accordance with IFRS 3, the goodwill balance has been reduced by US$14m on the recognition of tax losses on prior year acquisitions. A goodwill
adjustment of US$14m has been charged to offset the recognition of a credit in the tax charge for the year. The goodwill adjustment has been
excluded from Benchmark PBT.
Home Retail
Experian Group Other Total
US$m US$m US$m US$m
At 1 April 2005 1,012 3,455 215 4,682
Differences on exchange (48) (183) (11) (242)
Additions through business combinations 1,124 – 9 1,133
Disposals – – (213) (213)
Transfer to acquisition intangibles (18) ––(18)
At 31 March 2006 2,070 3,272 – 5,342
Experian goodwill at the balance sheet date has been allocated to CGUs as follows: Americas US$1,376m (2006: US$1,356m), UK and Ireland
US$524m (2006: US$441m) and EMEA/Asia Pacific US$319m (2006: US$273m). Further details of the principles used in determining the basis of
allocation and annual impairment testing aregiven in note 2.
14. Other intangible assets
Internally
Internal use generated Acquisition
Databases software software intangibles* Total
US$m US$m US$m US$m US$m
Cost
At 1 April 2006 585 355 165 529 1,634
Differences on exchange 24 26 16 24 90
Additions through business combinations (note 30 (a)) 2 – –1820
Other additions 102 75 42 – 219
Demerger of Home Retail Group (note 30 (b)) – (308) – – (308)
Disposals (47) (11) (5) – (63)
At 31 March 2007 666 137 218 571 1,592
Amortisation and impairment losses
At 1 April 2006 353 180 90 85 708
Differences on exchange 20 16 9 5 50
Charge for the year 92 45 24 76 237
Demerger of Home Retail Group (note 30(b)) – (150) – – (150)
Disposals (47) (9) (1) – (57)
At 31 March 2007 418 82 122 166 788
Net Book Value at 31 March 2006 232 175 75 444 926
Net Book Value at 31 March 2007 248 55 96 405 804
*Acquisition intangibles represents trade marks and licences, trade names, customer relationships and completed technology.
Notes to the Group financial statements
for the year ended 31 March 2007
88 |Experian Annual Report2007