Legal & General - Annual Report and Accounts 2008 - 21 Purchased interest in long term businesses and other intangible assets

	PILTB insurance contracts 2008 £m	PILTB investment contracts 2008 £m	Other intangible assets 2008 £m	Total 2008 £m	PILTB insurance contracts 2007 £m	PILTB investment contracts 2007 £m	Other intangible assets 2007 £m	Total 2007 £m
Cost
As at 1 January	173	–	–	173	176	–	–	176
Acquisition of subsidiaries	127	77	15	219	–	–	–	–
Net exchange difference	61	–	–	61	(2)	–	–	(2)
Other	11	–	–	11	(1)	–	–	(1)
As at 31 December	372	77	15	464	173	–	–	173

Amortisation
As at 1 January	(154)	–	–	(154)	(153)	–	–	(153)
Amortisation for the year	(23)	(7)	–	(30)	(3)	–	–	(3)
Net exchange difference	(53)	–	–	(53)	2	–	–	2
As at 31 December	(230)	(7)	–	(237)	(154)	–	–	(154)
Net book value as at 31 December	142	70	15	227	19	–	–	19
To be amortised within 12 months				65				3
To be amortised after 12 months				162				16

The intangible assets above have finite useful economic lives.

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