RNLI ANNUAL REPORT AND ACCOUNTS 2011

) Intangible assetsGoodwill£MIntellectualproperty£MCostAt 1 January 2011 1.7 0.1 1.8Additions - - -Disposals - - -At 31 December 2011 1.7 0.1 1.8Total£MAmortisationAt 1 January 2011 0.2 0.1 0.3Charge for the year 0.1 - 0.1At 31 December 2011 0.3 0.1 0.4Net book amountAt 31 December 2011 1.4 - 1.4At 31 December 2010 1.5 - 1.5The accounting goodwill forms part of the purchase cost by SAR Composites Limited, a fully owned subsidiary of RNLI (Trading)Limited, of the lifeboat hull construction capabilities of Green Marine Limited in 2009. Green Marine Limited was the only companyoperating in this field in the UK, and this purchase was considered essential to ensure continuity of hull production for all-weatherlifeboats through an established operation and to retain staff expertise in this specialist field.c) Subsidiary company assetsThe consolidated schedule of fixed assets includes assets owned by the subsidiary companies with the following net book amounts:2011£M2010£MGoodwill 1.4 1.5Lifeboats and lifeboat stations under construction 4.3 3.3Lifeboats 0.6 -Depots, offices and training facilities 2.1 2.1Computer equipment, plant and vehicles 4.2 4.1Total 12.6 11.0