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Back to Notes Index |
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Notes to the accounts | |
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| 22 Intangible fixed assets |
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| 2000 | 1999 | |||
| Goodwill | £m | £m | ||
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| At beginning of year | 183 | 196 | ||
| Additions | 4,121 | 10 | ||
| Disposals | – | (16) | ||
| Amortisation charge for year | (51) | (13) | ||
| Exchange and other adjustments | 16 | 6 | ||
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| At end of year | 4,269 | 183 | ||
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| Accumulated amortisation at 31st December 2000 was £96m (1999 £45m).
Goodwill is amortised against profit over a period of 20 years, the expected life of the assets. The addition in 2000 represents the goodwill arising on the acquisition of The Woolwich as set out in note 55. |
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