<< < > >>
Search:
| Full PDF report | Print this page |
Annual Report & Accounts 2009 - Notes
slide
<< < > >>
46 12.2 Assets acquired at fair values Pre-acquisition Adjustments carrying to fair value Recognised on amount fair value acquisition c000's c000's c000's Intangible assets: non contractual customer relationships - 1,704 1,704 software - 2,455 2,455 trade name - 696 696 ----- ----- ----- Total non-current assets - 4,855 4,855 ----- ----- ----- Trade and other receivables 205 - 205 Cash and cash equivalents 1 - 1 ----- ----- ----- Total current assets 206 - 206 ----- ----- ----- Trade and other payables (312) - (312) ----- ----- ----- Net identifiable assets and liabilities (106) 4,855 4,749 Goodwill on acquisition - 3,278 3,278 ----- ----- ----- Net assets acquired (106) 8,133 8,027 ----- ----- ----- Cost of acquisition, deferred 4,887 Cost of acquisition, satisfied in cash 3,140 ----- 8,027 ----- Cost of acquisition, satisfied in cash 3,140 Cash and cash equivalents acquired (1) ----- Cash outflow on acquisition 3,139 ----- Goodwill of c3,278k is primarily related to growth expectations, expected future profitability, the skill and expertise of the trained workforce and expected cost synergies. Goodwill has been allocated to the betboo cash generating unit at 31 December 2009. No major line of business will be disposed of as a result of the combination. 12.3 Useful economic life of Intangible assets The fair values of the intangible assets acquired in the transaction, including the tax amortisation benefit, and their useful economic lives are as follows: Asset Useful economic life Value c000's Non contractual customer relationships 4 years 1,704 Software 4 years 2,455 Trade name 4 years 696 Goodwill indefinite 3,278 ----- Total 8,133 -----