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Annual Report & Accounts 2016 - Notes
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87 8. INTANGIBLE ASSETS Software licences €m Goodwill €m Trade-marks and trade name €m Consulting and magazine €m Noncontractual customer relationships €m Total €m COST At 1 January 2015 27.5 166.2 17.0 4.9 2.4 218.0 Additions 5.0 - - - - 5.0 At 31 December 2015 32.5 166.2 17.0 4.9 2.4 223.0 Additions 19.0 - - - - 19.0 Acquisition of subsidiaries 224.0 963.9 176.0 - 208.0 1,571.9 Reclassified as held for sale (2.0) (6.5) - - (12.0) (20.5) Foreign exchange (0.2) - - - - (0.2) AT 31 DECEMBER 2016 273.3 1,123.6 193.0 4.9 198.4 1,793.2 AMORTISATION AND IMPAIRMENT At 1 January 2015 21.9 33.3 1.3 4.9 2.3 63.7 Amortisation 3.9 - 0.2 - 0.1 4.2 At 31 December 2015 25.8 33.3 1.5 4.9 2.4 67.9 Amortisation 62.1 - 13.6 - 40.8 116.5 Reclassified as held for sale (0.1) - - - (0.5) (0.6) AT 31 DECEMBER 2016 87.8 33.3 15.1 4.9 42.7 183.8 NET BOOK VALUE At 31 December 2015 6.7 132.9 15.5 - - 155.1 AT 31 DECEMBER 2016 185.5 1,090.3 177.9 - 155.7 1,609.4 Certain intangible assets are deemed to have an indefinite useful life as there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the entity. The carrying amounts of such assets at 31 December 2016 was as follows: 2016 €m 2015 €m Trademarks and trade names (related to CasinoClub) 15.1 15.1 8.1 Amortisation The amortisation for the year is recognised in the following line items in the income statement. 2016 €m 2015 €m Net operating expenses 116.5 4.2