| Software £m | Non- compete agreements £m | Customer relationships £m | Total £m |
---|
Cost | | | | |
At 1 January 2011 | 13.2 | – | 10.7 | 23.9 |
Exchange differences | (0.2) | – | (0.9) | (1.1) |
Additions | 2.4 | – | – | 2.4 |
Acquired on acquisition of business | – | – | 0.3 | 0.3 |
Disposals | (0.8) | – | – | (0.8) |
At 1 January 2012 | 14.6 | – | 10.1 | 24.7 |
Exchange differences | (0.4) | – | (1.2) | (1.6) |
Additions | 3.6 | – | – | 3.6 |
Acquired on acquisition of businesses (see note 24) | – | 2.9 | 24.8 | 27.7 |
Disposals | (0.1) | – | – | (0.1) |
At 31 December 2012 | 17.7 | 2.9 | 33.7 | 54.3 |
Amortisation | | | | |
At 1 January 2011 | 8.7 | – | 4.8 | 13.5 |
Exchange differences | (0.2) | – | (0.4) | (0.6) |
Charge for the year | 2.0 | – | 0.9 | 2.9 |
Impairment loss | – | – | 0.5 | 0.5 |
Disposals | (0.5) | – | – | (0.5) |
At 1 January 2012 | 10.0 | – | 5.8 | 15.8 |
Exchange differences | (0.3) | – | (0.4) | (0.7) |
Charge for the year | 2.2 | 0.1 | 1.9 | 4.2 |
At 31 December 2012 | 11.9 | 0.1 | 7.3 | 19.3 |
Carrying amount | | | | |
At 31 December 2012 | 5.8 | 2.8 | 26.4 | 35.0 |
At 31 December 2011 | 4.6 | – | 4.3 | 8.9 |
The amortisation periods for intangible assets are:
| Years |
---|
Software | 3 to 5 |
Customer relationships | 10 to 15 |
Non-compete agreements | 4 to 5 |
Intangible assets are amortised on a straight-line basis and the amortisation is recognised within administration expenses.