Corporate report

DFID Annual Accounts 2011-2012 - Intangible assets

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Department for International Development Accounts 2011-12
13. Intangible Assets
Consolidated 2011-12 2011-12
Software licences and IT systems Intangible Assets under construction Total
£000 £000 £000
Cost or valuation
At 1 April 2011 38,140 3,769 41,909
Additions 123 2,772 2,895
Impairment / Revaluation 73 - 73
Brought into use / reclassifications 217 824 1,041
Disposals (125) - (125)
At 31 March 2012 38,428 7,365 45,793
Amortisation
At 1 April 2011 (20,042) - (20,042)
Charged in year (4,800) - (4,800)
Depreciation on revaluation (36) - (36)
Brought into use/reclassification 306 - 306
Disposals 159 - 159
At 31 March 2012 (24,413) - (24,413)
Carrying amount at 31 March 2012 14,015 7,365 21,380
Carrying amount at 31 March 2011 18,098 3,769 21,867
Asset financing:
Owned 14,015 7,365 21,380
Finance-Leased - - -
Carrying amount at 31 March 2012 14,015 7,365 21,380
The above relates to assets held by DFID. CSC and ICAI do not hold any assets.
Following indexation movements over the course of the year, there was a gain on revaluation of £37,586 for software, licenses and IT systems, which was taken to the revaluation reserve (£1,106,000 in 2010-11).
Consolidated 2010-11 2010-11
Software licences and IT systems Intangible Assets under construction Total
£000 £000 £000
Cost
At 1 April 2010 54,710 1,222 55,932
Additions 2,502 2,547 5,049
Impairment / Revaluation (2,469) - (2,469)
Brought into use / reclassifications 1,130 - 1,130
Disposals (17,733) - (17,733)
At 31 March 2011 38,140 3,769 41,909
Amortisation
At 1 April 2010 (31,330) - (31,330)
Charged in year (7,503) - (7,503)
Depreciation on revaluation 1,363 - 1,363
Brought into use/reclassification (300) - (300)
Disposals 17,728 - 17,728
At 31 March 2011 (20,042) - (20,042)
Carrying amount at 31 March 2011 18,098 3,769 21,867
Carrying amount at 31 March 2010 23,380 1,222 24,602
Asset financing:
Owned 18,098 3,769 21,867
Finance-Leased - - -
Carrying amount at 31 March 2011 18,098 3,769 21,867