50
AVESCO GROUP PLC ANNUAL REPORT 2011
www.avesco.com
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2011
17. Intangible assets Other Group
Cost At 1 October 2010 Additions Disposals
Exchange differences At 30 September 2011
Accumulated Amortisation At 1 October 2010 Amortisation charge Disposals
Exchange differences At 30 September 2011
Net book amount At 30 September 2011 At 30 September 2010
Goodwill £000s
857 - -
5 862
857 - -
5 862 - - Group
Cost At 1 October 2009 Additions Disposals
Exchange differences At 30 September 2010
Accumulated Amortisation At 1 October 2009 Amortisation charge Disposals
Exchange differences At 30 September 2010
Net book amount At 30 September 2010 At 30 September 2009
Goodwill £000s
891 - -
(34) 857
891 - -
(34) 857
- -
All amortisation during the current and prior year is included in ‘operating expenses’ in the income statement. All additions relate to assets acquired externally.
As of 30 September 2011 and 30 September 2010 all goodwill and other intangible fixed assets were fully amortised and as such no impairment testing was deemed necessary.
18. Investments Investments and principal subsidiaries Company
Beginning of year
Provision for impairment End of year
Investments in Group undertakings are recorded at cost which is the fair value of the consideration paid.
Computer software £000s
1,229 119 (51) 15
1,312
901 245 (27) 14
1,133
179 328
Computer software £000s
1,122 131 (13) (11)
1,229
617 303 (13) (6)
901
328 505
intangible assets £000s
1,393 -
- -
1,393
1,393 - - -
1,393
- -
Other
intangible assets £000s
1,393 - - -
1,393
1,149 244 - -
1,393 - 244 Total £000s
3,406 131 (13) (45)
3,479
2,657 547 (13) (40)
3,151
328 749
Total £000s
3,479 119 (51) 20
3,567
3,151 245 (27) 19
3,388
179 328
2011
£000s 33,710
(6,433) 27,277
2010
£000s 33,710
(6,433) 27,277
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