Annual Report and Accounts 2009

Notes to the Consolidated Financial Statements for the year to 31 December 2009

11. Goodwill

Cost and carrying amount
At 1 January 2008 699.8
Impairment loss recognised in the year (699.8)
At 31 December 2008
Additions 2.4
At 31 December 2009 2.4

In 2009 the North America business acquired the remaining stake in a mortgage advisory service which resulted in the recognition of £2.4m of goodwill. As a result of the 2008 impairment test, the Group fully impaired all goodwill associated with both the Housing United Kingdom business segment, and the Housing North America business segment.