EirGrid plc Annual Report 2011

EirGrid plc Annual Report & Accounts 2011
9. Company Income Statement
As permitted by section 148(8) of the Companies Act, 1963 and section 7(1A) of the Companies (Amendment)
Act, 1986 the Parent Company is availing of the exemption from presenting its separate Income Statement to
the AGM and from filing it with the Companies Registration Office. The consolidated profit for the year to 30
September 2011 includes a profit attributable to the Company of €23.0m (2010: €12.9m).
10. Intangible Assets
Licence
Goodwill agreements Total
Group € ’000 € ’000 € ’000
Cost
Balance as at 1 October 2009 8,384 17,355 25,739
Acquisition of businesses – Section 75 indemnity (4,406) - (4,406)
Exchange differences 567 1,172 1,739
Balance as at 30 September 2010 4,545 18,527 23,072
Exchange differences (69) (293) (362)
Balance as at 30 September 2011 4,476 18,234 22,710
Accumulated Impairment Losses
Balance as at 1 October 2009 - - -
Impairment charge 942 997 1,939
Balance as at 30 September 2010 942 997 1,939
Impairment charge 3,453 - 3,453
Exchange differences (14) (15) (29)
Balance as at 30 September 2011 4,381 982 5,363
Carrying amount as at 30 September 2011 95 17,252 17,347
Carrying amount as at 30 September 2010 3,603 17,530 21,133
At the Balance Sheet date, the value of capitalised goodwill and licence agreements was allocated to
the Group’s cash-generating units (CGUs) to assess possible impairment. A summary of intangible asset
allocation by principal CGU, before recognition of any potential impairment to the assets arising in the current
year, is as follows:
30 Sep 2011 30 Sep 2010
€ ’000 € ’000
SONI TSO 17,971 18,289
SEMO 2,829 4,783
Total 20,800 23,072
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