- 11. Net debt
- 12. Goodwill and acquisitions
- 13. Other intangible assets
- 14. Trade and other receivables
- 15. Trade and other payables: amounts falling due within one year
12. Goodwill and acquisitions
Goodwill in relation to subsidiary undertakings decreased by £721.6 million (30 June 2008: increase of £351.2 million) in the period. This movement includes both additional goodwill arising on acquisitions completed in the period and adjustments to goodwill relating to acquisitions completed in prior years, net of impairment charges and the effect of currency translation. Goodwill in relation to associate undertakings decreased by £34.1 million (30 June 2008: increase of £29.6 million) in the period.
Future anticipated payments to vendors in respect of both deferred and earnout obligations totalled £280.2 million (period ended 30 June 2008: £313.8 million; year ended 31 December 2008: £376.0 million). Earnouts are based on the directors’ best estimates of future obligations, which are dependent on the future performance of the interests acquired and assume the operating companies improve profits in line with directors’ estimates.
The contribution to revenue and operating profit of acquisitions completed in the period was not material. There were no material acquisitions completed during the period or between 30 June 2009 and the date the interim financial statements have been approved.