Note 12: Intangible assets
|
Goodwill
£'000 |
|
|
| Cost |
|
|
| At 1 August 2006 |
12,418 |
|
| Adjustment1 |
(45 |
) |
| Goodwill arising on acquisitions in the year2 |
2,039 |
|
| Disposal3 |
(20 |
) |
| Foreign exchange |
(552 |
) |
|
| At 31 July 2007 |
13,840 |
|
|
| Amortisation |
|
|
| At 1 August 2006 |
1,230 |
|
| Charge for the year |
826 |
|
| Foreign exchange |
(87 |
) |
|
| At 31 July 2007 |
1,969 |
|
|
| Net book value |
|
|
| At 31 July 2007 |
11,871 |
|
|
| At 31 July 2006 |
11,188 |
|
|
1 Relates to OutCast, due to the revaluation of the deferred contingent consideration, following an increase in the borrowing rate since 2006.
2 See note 23.
3 Relates to the write off of goodwill, capitalised on the acquisition of the Bite minority interest, attributable to the business of Bullet which was disposed of during the year.