Financial Statements

21. Intangible assets

Group
Trademarks Website and
software
Distribution
agreements
Goodwill Total
£m £m £m £m £m
52 weeks ended 1 May 2011
Cost
At 3 May 2010 1.0 0.4 1.4
Exchange differences 0.4 0.6 1.0
Recognised on acquisition 8.5 18.6 27.1
Additions 0.3 0.4 0.7
At 1 May 2011 1.3 0.8 8.9 19.2 30.2
Accumulated amortisation
At 3 May 2010 0.2 0.1 0.3
Amortisation charge 0.1 0.1 0.3 0.5
At 1 May 2011 0.3 0.2 0.3 0.8
Net balance sheet amount at 1 May 2011 1.0 0.6 8.6 19.2 29.4

Goodwill arose on the acquisition of SuperGroup Europe BVBA. Goodwill is tested annually in accordance with IAS 36. The recoverable amount of cash generating units within this acquisition has been determined on the basis of fair value less costs to sell, determined by the binding contract for sale of SuperGroup Europe BVBA, as enacted on 3 February 2011. The consideration for the sale supports the valuation of goodwill, as does the proximity of the applicable impairment review date to this agreement.

Group
Trademarks Website and
software
Goodwill Total
£m £m £m £m
52 weeks ended 2 May 2010
Cost
At 4 May 2009 0.8 0.8
Additions 0.2 0.4 0.6
At 2 May 2010 1.0 0.4 1.4
Accumulated amortisation
At 4 May 2009 0.2 0.2
Amortisation charge 0.1 0.1
At 2 May 2010 0.2 0.1 0.3
Net balance sheet amount at 2 May 2010 0.8 0.3 1.1
Company
Website and
software
Total
£m £m
52 weeks ended 1 May 2011
Cost
At 3 May 2010 0.1 0.1
Additions 0.4 0.4
At 1 May 2011 0.5 0.5
Accumulated amortisation
At 3 May 2010
Amortisation charge 0.1 0.1
At 1 May 2011 0.1 0.1
Net balance sheet amount at 1 May 2011 0.4 0.4
Company
Website and
software
Total
£m £m
26 weeks ended 2 May 2010
Cost
At 2 November 2009
Additions 0.1 0.1
At 2 May 2010 0.1 0.1
Accumulated amortisation
At 2 November 2009
Amortisation charge
At 2 May 2010
Net balance sheet amount at 2 May 2010 0.1 0.1