Annual Report 2009 - Dairygold
Annual Report 2009 - Dairygold
Annual Report 2009 - Dairygold
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<strong>Dairygold</strong> Co-Operative Society Limited <strong>Annual</strong> <strong>Report</strong> and Accounts <strong>2009</strong><br />
10 Intangible assets<br />
<strong>2009</strong> 2008<br />
GOODWILL E’000 E’000<br />
COST<br />
At 1 January 19,130 22,426<br />
Additions - 1,862<br />
Translation adjustment 1,252 (5,158)<br />
At 31 December 20,382 19,130<br />
AMORTISATION<br />
At 1 January 5,112 5,452<br />
Charged during year 1,018 914<br />
Translation adjustments 367 (1,254)<br />
At 31 December 6,497 5,112<br />
NET BOOK VALUE<br />
At 31 December 13,885 14,018<br />
<strong>2009</strong> 2008<br />
OTHER INTANGIBLE ASSETS E’000 E’000<br />
COST<br />
At 1 January 844 -<br />
Additions - 844<br />
At 31 December 844 844<br />
AMORTISATION<br />
At 1 January 18 -<br />
Charged during year 43 18<br />
At 31 December 61 18<br />
NET BOOK VALUE<br />
At 31 December 783 826<br />
NET BOOK VALUE<br />
TOTAL 14,668 14,844<br />
During 2008 the group purchased intangible assets, including intellectual property and customer lists as part of the<br />
acquisition of a number of businesses. The cost of the assets acquired in excess of the identifiable fair value of the<br />
net assets has been included in goodwill for the year.<br />
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