Notes to the financial statements
10. Intangible assets
| 2008 | 2007 | ||||||
|---|---|---|---|---|---|---|---|
| Group | Banking Licence £m |
Computer software £m |
Total £m |
Banking Licence £m |
Computer software £m |
Total £m |
|
| Net book amount | |||||||
| At 1 January | 3.0 | 15.7 | 18.7 | – | 14.0 | 14.0 | |
| Additions | – | 3.2 | 3.2 | – | 5.1 | 5.1 | |
| Acquisition of subsidiary | – | – | – | 3.0 | – | 3.0 | |
| Amortisation | – | (4.4) | (4.4) | – | (3.4) | (3.4) | |
| At 31 December | 3.0 | 14.5 | 17.5 | 3.0 | 15.7 | 18.7 | |
Analysed as: |
|||||||
| Cost | 3.0 | 22.3 | 25.3 | 3.0 | 19.1 | 22.1 | |
| Amortisation | – | (7.8) | (7.8) | – | (3.4) | (3.4) | |
| At 31 December | 3.0 | 14.5 | 17.5 | 3.0 | 15.7 | 18.7 | |
The Company has no intangible assets.
The banking licence relates to the licence to trade as a bank in Russia. The fair value of this banking licence is equal to £3.0m. As required by IAS 36 this asset has been tested for impairment at the balance sheet date. No impairment has been charged.