22 Intangible assets

				2007

	Internally		Core			Mortgage
	generated	Other	deposit		Customer	servicing	Licences
	software	software	intangibles	Brands	lists	rights	and other	Total
	£m	£m	£m	£m	£m	£m	£m	£m

Cost
At 1st January 2007	267	123	242	145	467	122	140	1,506
Acquisitions	–	–	–	–	54	–	23	77
Additions	118	56	–	3	–	4	–	181
Exchange and other adjustments	3	9	2	1	3	–	(2)	16

At 31st December 2007	388	188	244	149	524	126	161	1,780

Accumulated amortisation and impairment
At 1st January 2007	(116)	(29)	(24)	(22)	(64)	(10)	(26)	(291)
Amortisation charge	(45)	(13)	(11)	(15)	(36)	(54)	(12)	(186)
Impairment charge	–	(14)	–	–	–	–	–	(14)
Exchange and other adjustments	(2)	(1)	(2)	(1)	(1)	–	–	(7)

At 31st December 2007	(163)	(57)	(37)	(38)	(101)	(64)	(38)	(498)

Net book value	225	131	207	111	423	62	123	1,282

				2006

	Internally		Core			Mortgage
	generated	Other	deposit		Customer	servicing	Licences
	software	software	intangibles	Brands	lists	rights	and other	Total
	£m	£m	£m	£m	£m	£m	£m	£m

Cost
At 1st January 2006	188	43	306	183	582	–	139	1,441
Acquisitions	–	–	–	–	–	114	2	116
Additions	95	86	–	–	–	16	13	210
Exchange and other adjustments	(16)	(6)	(64)	(38)	(115)	(8)	(14)	(261)

At 31st December 2006	267	123	242	145	467	122	140	1,506

Accumulated amortisation and impairment
At 1st January 2006	(90)	(18)	(7)	(9)	(29)	–	(19)	(172)
Amortisation charge	(29)	(7)	(20)	(16)	(44)	(11)	(9)	(136)
Impairment charge	(2)	(5)	–	–	–	–	–	(7)
Exchange and other adjustments	5	1	3	3	9	1	2	24

At 31st December 2006	(116)	(29)	(24)	(22)	(64)	(10)	(26)	(291)

Net book value	151	94	218	123	403	112	114	1,215

Impairment charges reflect the impairment of certain IT assets where the future economic benefit did not exceed the carrying value.

Impairment charges detailed above have been included within other operating expenses.