Savills plc 2012 Annual Report - (PDF) - Investor relations

All intangible amortisation charges in the year are disclosed on the face of the income statement. The Company’s intangible assetsconsist of computer software only.Acquired goodwill and intangible assetsGoodwill£mCustomer/businessrelationships£mBrands£mInvestmentandpropertymanagementcontracts£mComputersoftware£mGroupTotal£mCompanyCostAt 1 January 2011 178.1 22.3 6.1 10.6 11.5 228.6 3.4Additions through business combinations 7.5 0.7 – 0.6 – 8.8 –Disposals through business combinations (4.6) (1.3) – (0.3) (0.4) (6.6) –Initial recognition of deferred tax on intangible assets 0.2 – – – – 0.2 –Other additions – – – – 1.2 1.2 0.4Disposals – – – – (0.1) (0.1) –Derecognition of fully amortised intangible assets – (0.3) (6.1) – – (6.4) –Exchange movement (1.7) (0.2) – (0.1) – (2.0) –At 31 December 2011 179.5 21.2 – 10.8 12.2 223.7 3.8Accumulated amortisation and impairmentAt 1 January 2011 43.8 10.8 6.1 5.3 8.7 74.7 1.9Amortisation charge for the year – 2.4 – 0.2 1.1 3.7 0.5Disposals through business combinations (4.6) – – (0.3) (0.4) (5.3) –Impairment 5.4 – – – – 5.4 –Disposals – – – – (0.1) (0.1) –Derecognition of fully amortised intangible assets – (0.3) (6.1) – – (6.4) –Exchange movement (0.7) (0.1) – – – (0.8) –At 31 December 2011 43.9 12.8 – 5.2 9.3 71.2 2.4Net book valueAt 31 December 2011 135.6 8.4 – 5.6 2.9 152.5 1.4At 1 January 2011 134.3 11.5 – 5.3 2.8 153.9 1.5Total£mOur business Our governance Our resultsDuring the year, goodwill and intangible assets were tested for impairment in accordance with IAS 36. Goodwill and intangible assetsare allocated to the Group’s cash-generating units (CGUs) identified according to country of operation and business segment. In mostcases, the CGU is an individual subsidiary or operation and these have been separately assessed and tested. A segment-level summaryof the allocation is presented below:2012TransactionalAdvice Consultancy£m £mProperty andFacilitiesManagement£mInvestmentManagement£mUnited Kingdom 24.9 10.2 4.9 3.6 43.6Continental Europe 24.9 1.1 10.5 – 36.5Asia Pacific 11.2 3.0 29.7 – 43.9America 14.7 – – – 14.7Total goodwill and indefinite life intangible assets 75.7 14.3 45.1 3.6 138.72011TransactionalAdvice£mConsultancy£mProperty andFacilitiesManagement£mInvestmentManagement£mUnited Kingdom 23.8 10.2 4.9 2.2 41.1Continental Europe 25.3 1.1 10.6 – 37.0Asia Pacific 11.4 3.1 29.8 – 44.3America 15.4 – – – 15.4Total goodwill and indefinite life intangible assets 75.9 14.4 45.3 2.2 137.8Total£mTotal£mSavills plc Report and Accounts 2012 87