HSBC 2012 Annual Report Download - page 468

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
23 – Goodwill and intangible assets / 24 – Property, plant and equipment
466
Movement of intangible assets excluding goodwill and the PVIF (continued)
Trade
names
Mortgage
servicing
rights
Internally
generated
software
Purchased
software
Customer/
merchant
relation-
ships Other Total
US$m US$m US$m US$m US$m US$m US$m
Accumulated amortisation
At 1 January 2012 ................................. (51) (369) (3,437) (672) (649) (131) (5,309)
Charge for the year2 .............................. (5) (78) (645) (103) (127) (21) (979)
Impairment ............................................ – – (63) (3) – (2) (68)
Disposals ............................................... 2 123 28 53 5 – 211
Amount written off ............................... – – 680 21 39 – 740
Exchange differences ............................ – (2) (47) 1 15 (1) (34)
Reclassified to held for sale .................. – – 24 9 5 10 48
Other changes ....................................... (1) – (9) (41) 8 2 (41)
At 31 December 2012 ........................... (55) (326) (3,469) (735) (704) (143) (5,432)
Net carrying amount at
31 December 2012 ........................... 6 172 2,234 180 663 361 3,616
Cost
At 1 January 2011 ................................. 68 636 5,202 1,065 1,987 503 9,461
Additions1 ............................................. – 40 1,129 102 379 6 1,656
Disposals ............................................... – (91) (44) (102) (181) (1) (419)
Amount written off ............................... – – (365) (133) – (2) (500)
Exchange differences ............................ (6) – (109) (40) (79) (14) (248)
Reclassified to held for sale .................. (2) – (197) (22) (746) (46) (1,013)
Other changes ....................................... – 6 (18) (14) (6) 8 (24)
At 31 December 2011 ........................... 60 591 5,598 856 1,354 454 8,913
Accumulated amortisation
At 1 January 2011 ................................. (52) (240) (2,958) (848) (1,143) (144) (5,385)
Charge for the year2 .............................. (4) (215) (609) (106) (212) (29) (1,175)
Impairment ............................................ – – (386) (3) – (1) (390)
Disposals ............................................... – 91 29 100 111 3 334
Amount written off ............................... – – 365 133 – 2 500
Exchange differences ............................ 3 – 44 31 29 – 107
Reclassified to held for sale .................. 2 – 50 18 563 36 669
Other changes ....................................... – (5) 28 3 3 2 31
At 31 December 2011 ........................... (51) (369) (3,437) (672) (649) (131) (5,309)
Net carrying amount at
31 December 2011 ........................... 9 222 2,161 184 705 323 3,604
1 At 31 December 2012, HSBC had no contractual commitments (2011: nil) to acquire intangible assets.
2 The amortisation charge for the year is recognised within the income statement under ‘Amortisation and impairment of intangible
assets’, with the exception of the amortisation of mortgage servicing rights which is recognised in ‘Net fee income’.