Full Annual Report - Inchcape

Section
Three
Financial
statements
10 Dividends
The following dividends were paid by the Group:
Interim dividend for the six months ended 30 June 2009 (2008 – 5.46p per share) – 25.0
Final dividend for the year ended 31 December 2008 (2007 – 10.5p per share) – 48.1
– 73.1
There is no proposal to pay a final dividend for the year ending 31 December 2009.
Dividends paid in 2008 exclude £4.6m payable on treasury shares and shares held by the ESOP Trust.
11 Intangible assets
Goodwill
£m
Computer
software
£m
2009
£m
Other
intangible
assets
£m
Cost
At 1 January 2008 390.9 31.4 6.5 428.8
Businesses acquired – – 1.0 1.0
Additions 142.0 20.0 – 162.0
Disposals (5.4) (1.0) (0.3) (6.7)
Reclassified from disposal group 5.9 – – 5.9
Effect of foreign exchange rate changes 41.1 5.3 (0.1) 46.3
At 1 January 2009 574.5 55.7 7.1 637.3
Businesses sold (0.2) (0.1) – (0.3)
Additions 22.3 10.0 – 32.3
Disposals – (0.2) – (0.2)
Effect of foreign exchange rate changes (25.4) (1.3) (0.1) (26.8)
At 31 December 2009 571.2 64.1 7.0 642.3
2008
£m
Total
£m
Amortisation and impairment
At 1 January 2008 (1.3) (20.7) (6.3) (28.3)
Amortisation charge for the year – (2.7) (1.0) (3.7)
Impairment charge for the year (54.2) – – (54.2)
Disposals 0.2 1.0 0.4 1.6
Effect of foreign exchange rate changes (10.3) (4.8) (0.2) (15.3)
At 1 January 2009 (65.6) (27.2) (7.1) (99.9)
Businesses sold – 0.1 – 0.1
Amortisation charge for the year – (2.8) – (2.8)
Disposals – 0.2 – 0.2
Effect of foreign exchange rate changes 4.4 1.2 0.1 5.7
At 31 December 2009 (61.2) (28.5) (7.0) (96.7)
Net book value at 31 December 2009 510.0 35.6 – 545.6
Net book value at 31 December 2008 508.9 28.5 – 537.4
As at 31 December 2009, capitalised borrowing costs of £1.1m (2008 – £0.9m) were included within ‘other intangible assets’, £0.2m of
which was capitalised in 2009 (2008 – £0.9m).
www.inchcape.com 109