G4S Annual Report and Accounts 2011

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Overview Strategic review Performance Notes to the consolidated financial statements continued 18 Disposal of subsidiaries On 7 December 2011, the group disposed of its consumer alarms business in Norway. On 30 December 2011, the group sold its 50% share of the equity in STC (Milton Keynes) Ltd. On 15 July 2010, the group disposed of the cash solutions business in Taiwan. On 24 September 2010, the group disposed of Travel Logistics Limited, a UK-based expeditor of travel documents. The net assets and profit on disposal of operations disposed of were as follows: Goodwill – 3 Acquisition-related intangible assets – 3 Property, plant and equipment and intangible assets other than acquisition-related 1 – Other non current assets 9 – Current assets 13 1 Liabilities (19) (2) Net assets of operations disposed 4 5 Profit on disposal 33 8 Total consideration 37 13 Satisfied by: Cash received 38 9 Deferred receipts – 4 Disposal costs (1) – Total consideration 37 13 2011 £m 2010 £m 96 G4S plc Annual Report and Accounts 2011
Governance Financial statements Shareholder information 19 Intangible assets Goodwill Acquisition-related intangible assets Other intangible assets Total Trademarks £m Customer related £m Technology £m Development expenditure £m Software £m £m £m 2011 Cost At 1 January 2011 2,232 34 608 18 22 132 3,046 Acquisition of businesses 85 – 65 – – 1 151 Additions – – 1 – 9 26 36 Disposals – – – – – (4) (4) Reclassified as held for sale (15) – – – – (6) (21) Translation adjustments (36) – (6) 1 – 5 (36) At 31 December 2011 2,266 34 668 19 31 154 3,172 Amortisation and accumulated impairment losses At 1 January 2011 (73) (25) (335) (15) (9) (74) (531) Amortisation charge – (3) (82) (1) (4) (14) (104) Impairment charge (13) – – – – – (13) Disposals – – – – – 4 4 Reclassified as held for sale 9 – – – – 6 15 Translation adjustments 7 – 5 (1) – (7) 4 At 31 December 2011 (70) (28) (412) (17) (13) (85) (625) Carrying amount At 1 January 2011 2,159 9 273 3 13 58 2,515 At 31 December 2011 2,196 6 256 2 18 69 2,547 2010 Cost At 1 January 2010 2,120 34 601 17 16 118 2,906 Acquisition of businesses 70 – 13 – – – 83 Additions – – – – 6 15 21 Disposals (3) – (13) – – 1 (15) Translation adjustments 45 – 7 1 – (2) 51 At 31 December 2010 2,232 34 608 18 22 132 3,046 Amortisation and accumulated impairment losses At 1 January 2010 (71) (22) (257) (14) (5) (60) (429) Amortisation charge – (3) (84) (1) (4) (13) (105) Disposals – – 10 – – (1) 9 Translation adjustments (2) – (4) – – – (6) At 31 December 2010 (73) (25) (335) (15) (9) (74) (531) Carrying amount At 1 January 2010 2,049 12 344 3 11 58 2,477 At 31 December 2010 2,159 9 273 3 13 58 2,515 Included within software is internally generated software with a gross carrying value of £18m (2010: £12m), and accumulated amortisation of £3m (2010: £1m), giving a net book value of £15m (2010: £11m). During the year, additions amounted to £3m (2010: £3m) and the amortisation charge associated to these assets was £nil (2010: £nil). G4S plc Annual Report and Accounts 2011 97
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