Notes to the Accounts
12. Intangible assets
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| all figures in £ millions | goodwill |
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| Cost | |
| At 31 December 2000 | 4,860 |
| Exchange differences | 62 |
| Additions (see note 26) | 87 |
| Disposals (see note 27) | (59) |
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| At 31 December 2001 | 4,950 |
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| Amortisation | |
| At 31 December 2000 | (338) |
| Exchange differences | – |
| Disposals (see note 27) | 6 |
| Provided in the year | (299) |
| Provision for impairment (see note below) | (58) |
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| At 31 December 2001 | (689) |
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| Net carrying amount | |
| At 31 December 2000 | 4,522 |
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| At 31 December 2001 | 4,261 |
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note 
In accordance with FRS 11 (Impairment of
fixed assets and goodwill) the carrying value of the Group’s subsidiary
undertakings has been compared to their recoverable amounts, represented
by their value in use to the Group. The review has resulted in an exceptional
charge of £58m, primarily in respect of Dorling Kindersley (£50m). The
discount rate used in the calculation to arrive at the valuation was 8%
on a post-tax basis.
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