13 Intangible fixed assets – Group
Computer software/IT infrastructure
Assets under construction
Negative Goodwill
Purchased Goodwill
Other intangibles
Total
£’000
£’000
£’000
£’000
£’000
£’000
Cost At 1 January 2017
(6,798)
-
-
4,642
1,364
(792)
Acquisitions through business combinations
-
129
513
-
-
642
Additions Impairment
- - -
- - -
- - -
54
1,497
1,551
(889)
-
(889) (801) (289)
Transfer
1,591
(2,392)
At 31 December 2017
(6,798)
129
513
5,398
469
Amortisation At 1 January 2017
(2,643) (2,266)
-
-
1,665 1,913
- - -
(978) (299)
Amortisation Impairment
11
43
-
-
-
(711)
(711)
Transfer
-
-
-
-
- -
-
At 31 December 2017
(4,909)
11
43
2,867
(1,988)
Net Book Value At 31 December 2017 At 31 December 2016
(1,889) (4,155)
118
470
2,531 2,977
469
1,699
-
-
1,364
186
Purchased goodwill arose on the acquisition of Whistl Fulfilment Limited (formerly Prism-DM Holdings Limited) (see note 31) and is being amortised on a straight line basis over a period of 5 years which is equal to the period over which the related non-monetary assets of the acquired business are being depreciated. Other intangibles consist of customer contracts and intellectual property rights recognised as part of the acquisition of Whistl Fulfilment Limited (formerly Prism-DM Holdings Limited) made during the year.
Financials | Whistl Annual Report 2017
47
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