AmazonScience/document-haystack

112 Earnings per share (continued)2The earnings per share presented above is inclusive of the performance from the US joint venture BetMGM. Adjusting for the removal of 3the BetMGM performance would result in a basic adjusted earnings per share of 51.1p (2022: 93.9p) and a diluted adjusted earnings per 4share of 51.0p (2022: 93.2p) from continuing operations. 513 Goodwill and intangible assets6Goodwill  7£m8Licences  9£m10Software  11£m12Customer  13relationships  14£m15Trade-marks & 16brand names  17£m18Total 19£m20Cost21At 1 January 2022 3,492.5 49.7 622.0 1,005.0 2,017.5 7,186.722Exchange adjustment 153.6 7.1 28.3 34.1 44.9 268.023Additions – – 129.9 – – 129.924Additions from business combinations (Note 32) 1 624.0 149.1 7.4 201.9 207.0 1,189.425Disposals – (0.5) (13.9) – – (14.4)26Reclassification – – (1.0) – – (1.0)27At 31 December 2022 (restated) 1 4,270.1 205.4 772.7 1,241.0 2,269.4 8,758.628Exchange adjustment (68.2) 11.8 (12.7) (12.3) (17.4) (98.8)29Additions – – 191.5 – – 191.530Additions from business combinations (Note 32) 1,067.5 747.8 49.8 275.5 439.5 2,580.131Disposals – – (2.9) – – (2.9)32At 31 December 2023 5,269.4 965.0 998.4 1,504.2 2,691.5 11,428.533Accumulated amortisation and impairment34At 1 January 2022 275.5 13.3 405.8 942.0 180.6 1,817.235Exchange adjustment 13.7 0.3 19.8 23.6 11.7 69.136Amortisation charge – 12.7 109.1 52.4 54.9 229.137Impairment charge – 0.5 – – – 0.538Disposals – (0.5) (13.9) – – (14.4)39At 31 December 2022 289.2 26.3 520.8 1,018.0 247.2 2,101.540Exchange adjustment (13.3) (0.1) (9.1) (13.8) (7.3) (43.6)41Amortisation charge – 45.3 138.0 141.4 90.4 415.142Impairment charge 277.5 – 2.2 0.5 2.1 282.343Disposals – – (2.9) – – (2.9)44At 31 December 2023 553.4 71.5 649.0 1,146.1 332.4 2,752.445Net book value46At 31 December 2022 3,980.9 179.1 251.9 223.0 2,022.2 6,657.147At 31 December 2023 4,716.0 893.5 349.4 358.1 2,359.1 8,676.1481.  Restatement of prior year intangible valuations has been made in relation to the prior year SuperSport acquisition during the subsequent measurement period. See note 32 for 49further details. 50At 31 December 2023 the Group had not entered into contractual commitments for the acquisition of any intangible assets (2022: £nil). 51Included within trade-marks and brand names are £1,398.4m (2022: £1,398.4m) of intangible assets considered to have indefinite lives. 52These assets relate to the UK Ladbrokes and Coral brands which are considered to have indefinite durability that can be demonstrated, 53and their value can be readily measured. The brands operate in longstanding and profitable market sectors. The Group has a strong 54position in the market and there are barriers to entry due to the requirement to demonstrate that the applicant is a fit and proper person 55with the ‘know-how’ required to run such operations.56Goodwill reflects the value by which consideration exceeds the fair value of net assets acquired as part of a business combination 57including the deferred tax liability arising on acquisitions. 58Licences comprise the cost of acquired betting shop and online licences, as well as licences acquired as part of the NZ Tab acquisition  59(see Note 32). 60Software relates to the cost of acquired software, through purchase or business combination, and the capitalisation of internally 61developed software. Additions of £191.5m (2022: £128.8m) include £92.6m of internally capitalised costs (2022: £58.0m).62Customer relationships, trade-marks and brand names relate to the fair value of customer lists, trade-marks and brand names acquired 63as part of business combinations, primarily relating to the bwin, Ladbrokes Coral Group, Enlabs, Sport Interaction, SuperSport, BetCity, 64365Scores, and Tab NZ businesses. 651 Overview 8 Strategic report 88 Governance 140 Financial statements66Entain plc Annual Report 2023 18167Notes to the consolidated  68financial statements 69for the year ended  7031 December 2023