For the short period 1 April 2006 to 3 March 2007
There have been no acquisitions during the short period to 3 March 2007.
On 21 July 2005, Argos acquired the Index brand and 33 former Index stores from Littlewoods Limited for a total consideration of £45m including acquisition costs of £1m. At acquisition, the business had a book value of assets of £6m, against which no fair value was attributed. In addition, the intangible assets were determined to have negligible value, consequently goodwill of £45m was generated on the transaction. This goodwill represents the synergies, assembled workforce and future growth potential of the business acquired.
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