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98 Experian Annual Report 2008
15. Goodwill
US$m
At 1 April 2007 2,219
Differences on exchange 118
Additions through business combinations (note 34) 1,272
Reduction in goodwill relating to tax losses (note 9) (2)
Disposals (2)
At 31 March 2008 3,605
Additions through business combinations are stated after a reduction in goodwill of US$9m in respect of adjustments to
deferred consideration on prior year acquisitions.
Following the demerger of Home Retail Group in the year ended 31 March 2007, there is no goodwill carried in the Group
balance sheet in respect of that business.
Home Retail
Experian Group To t a l
US$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 71 – 71
Reduction in goodwill relating to tax losses (note 9) (14) – (14)
Demerger of Home Retail Group – (3,558) (3,558)
Disposals (1) – (1)
At 31 March 2007 2,219 – 2,219
Goodwill at the balance sheet date has been allocated to CGUs as follows: North America US$1,474m (2007: US$1,376m),
Latin America US$1,033m (2007: US$nil), UK & Ireland US$711m (2007: US$524m) and EMEA/Asia Pacific US$387m
(2007: US$319m). Further details of the principles used in determining the basis of allocation and annual impairment testing
are given in note 2.
16. Other intangible assets
Internally
Internal use generated Acquisition
Databases software software intangibles1 To t a l
US$m US$m US$m US$m US$m
Cost
At 1 April 2007 666 137 218 571 1,592
Differences on exchange 21 9 9 51 90
Additions through business combinations (note 34) 102 5 1 578 686
Other additions 148 36 55 – 239
Disposals (50) (18) (32) – (100)
At 31 March 2008 887 169 251 1,200 2,507
Amortisation and impairment losses
At 1 April 2007 418 82 122 166 788
Differences on exchange 7 6 4 1 18
Charge for the year 129 29 41 121 320
Disposals (50) (18) (24) – (92)
At 31 March 2008 504 99 143 288 1,034
Net Book Value at 31 March 2007 248 55 96 405 804
Net Book Value at 31 March 2008 383 70 108 912 1,473
1. Acquisition intangibles represents trademarks and licences, trade names, customer relationships and completed technology.
Notes to the Group financial statements continued