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12. Intangible fixed assets

     
 
The Group Goodwill

£m
Negative
goodwill
£m
Total

£m
Cost      
At 1 January 2003 10 (10)
Exchange rate differences 1 (1)
At 31 December 2003 11 (11)
Amortisation      
At 1 January 2003 (2) 3 1
(Charged)/credited in the year (2) 2
At 31 December 2003 (4) 5 1
Net book value at 31 December 2003 7 (6) 1
Net book value at 31 December 2002 8 (7) 1
 
  Goodwill arising on the acquisition of joint ventures and associated undertakings is set out in note 14 – fixed asset investments.