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- 1. Basis of accounting
- 2. Accounting policies
- 3. Currency conversion
- 4. Operating costs and share of results of associates
- 5. Finance income and finance costs
4. Operating costs and share of results of associates
Operating costs include:
| Six months ended 30 June 2010 £m | Six months ended 30 June 2009 £m | Year ended 31 December 2009 £m |
|
|---|---|---|---|
| Amortisation and impairment of acquired intangible assets | 87.0 | 88.1 | 172.6 |
| Goodwill impairment | 10.0 | 40.0 | 44.3 |
| Gains on disposal of investments | (6.8) | (8.4) | (31.1) |
| Investment write-downs | 2.2 | 4.3 | 11.1 |
| Staff costs | 2,684.1 | 2,662.5 | 5,117.0 |
| Other operating costs | 963.2 | 969.9 | 1,905.1 |
| 3,739.7 | 3,756.4 | 7,219.0 |
The goodwill impairment charge of £10.0 million (30 June 2009: £40.0 million of which £22.2 million related to associates) relates to a number of under-performing businesses in the Group. In certain markets, the impact of current local economic conditions and trading circumstances on these businesses is sufficiently severe to indicate an impairment to the carrying value of goodwill. The directors will reassess the need for any further impairment write-downs at year end.
Share of results of associates include:
| Six months ended 30 June 2010 £m | Six months ended 30 June 2009 £m | Year ended 31 December 2009 £m |
|
|---|---|---|---|
| Share of profit before interest and taxation | 38.7 | 30.5 | 86.3 |
| Share of exceptional (losses)/gains | (0.4) | 0.3 | (1.6) |
| Share of interest and non-controlling interests | (1.3) | (0.4) | (0.7) |
| Share of taxation | (14.7) | (10.6) | (27.0) |
| 22.3 | 19.8 | 57.0 |