Notes to the Company Financial Statements
Year end 31 July 2009
13. Intangible Fixed Assets
| Year ended 31 July 2008 | Goodwill £000 |
Intellectual Property £000 |
Total £000 |
| Cost | |||
| At 1 August 2007 | 2,524 | 27 | 2,551 |
| Additions | – | – | – |
| At 31 July 2008 | 2,524 | 27 | 2,551 |
| Impairment | |||
| At 1 August 2007 | (2,524) | (27) | (2,551) |
| Impairment charge for the period | – | – | – |
| At 31 July 2008 | (2,524) | (27) | (2,551) |
| Net book value: | |||
| At 31 July 2008 | – | – | – |
| At 31 July 2007 | – | – | – |
| Year ended 31 July 2009 | Goodwill £000 |
Intellectual Property £000 |
Total £000 |
| Cost | |||
| At 1 August 2008 | 2,524 | 27 | 2,551 |
| Additions | – | – | – |
| At 31 July 2009 | 2,524 | 27 | 2,551 |
| Impairment | |||
| At 1 August 2008 | (2,524) | (27) | (2,551) |
| Impairment charge for the period | – | – | – |
| At 31 July 2009 | (2,524) | (27) | (2,551) |
| Net book value: | |||
| At 31 July 2009 | – | – | – |
| At 31 July 2008 | – | – | – |
Goodwill of £2.5 million arose following the acquisition of the minority interest in Imperial Innovations LLP during the year ended 31 July 2005. This represented the excess of the consideration given over the fair value of the assets and liabilities acquired and has been written off to the Income Statement on consolidation as this was deemed to be an overpayment. The consideration which gave rise to the goodwill written-off included payment for certain rights which were acquired from Fleming Family & Partners and which have no future value to the Group.