Peachtree 2015 Annual Report Download - page 132
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The Sage Group plc | Annual Report & Accounts 2015
130
Operating assets and liabilities continued
6 Intangible assets continued
6.2 Other intangibles continued
Brands
£m
Technology
£m
Acquired
IPR&D
£m
Internal
IPR&D
£m
Computer
software
£m
Customer
relationships
£m
Total
£m
Cost at 1 October 2013 38.6 88.2 0.4 5.6 60.3 108.6 301.7
– Additions 0.2 0.5 – – 7.5 0.1 8.3
– Acquisition of subsidiaries – – – – – 6.6 6.6
– Disposals – – – – (0.8) (0.2) (1.0)
– Exchange movement (2.1) (5.4) (0.1) – (2.6) (3.5) (13.7)
At 30 September 2014 36.7 83.3 0.3 5.6 64.4 111.6 301.9
Accumulated amortisation at 1 October 2013 20.5 65.1 0.4 5.6 20.9 75.7 188.2
– Charge for the year 2.4 5.9 – – 10.0 6.2 24.5
– Disposals – – – – (0.8) – (0.8)
– Exchange movement (1.0) (3.4) (0.1) – (1.7) (1.9) (8.1)
At 30 September 2014 21.9 67.6 0.3 5.6 28.4 80.0 203.8
Net book amount at 30 September 2014 14.8 15.7 – – 36.0 31.6 98.1
All amortisation charges in the year have been charged through selling and administrative expenses.
7 Property, plant and equipment
This note details the physical assets used by the Group to operate the business and generate revenues and profits. Assets are shown
at their initial purchase price less depreciation, which is an expense that is charged over the useful life of these assets to reflect annual
wear and tear, and impairment.
Accounting policy
Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Depreciation on property,
plant and equipment is provided on a straight-line basis down to an asset’s residual value over its useful economic life as follows:
Freehold buildings – 50 years
Long leasehold buildings and improvements – over period of lease
Plant and equipment – 2 to 7 years
Motor vehicles – 4 years
Office equipment – 2 to 7 years
Freehold land is not depreciated.
The property, plant and equipment acquired under finance leases are depreciated over the shorter of the asset’s useful life and the
lease term.
The carrying value of property, plant and equipment is reviewed for impairment whenever events indicate that the carrying value may
not be recoverable.