Financial Statements
13Other non-current assets
| 2009 | 2008 | ||||
|---|---|---|---|---|---|
| Other investments £m |
Intangible assets £m |
Other investments £m |
Intangible assets £m |
||
| At 1 April 2008 | 196 | 39 | 267 | 50 | |
| Additions | 4 | ||||
| Disposals | (1) | ||||
| Revaluation of investments | (157) | (70) | |||
| Depreciation | (1) | ||||
| Amortisation | (14) | (15) | |||
| At 31 March 2009 | 38 | 25 | 196 | 39 | |
Other investments include £28m (2008: £185m) relating to the Group's 17.8% interest in Songbird Estates plc, which owns 60.8% of Canary Wharf Group plc. In view of the control rights of other shareholders, the investment is not equity accounted. £69m of the valuation write-down is reflected in the income statement, and £88m in the statement of recognised income and expense.
Intangible assets relate to fund management contracts which are amortised over the expected remaining life of each contract, which ranged from 6 to 10 years at acquisition.
The original fair value was £79m with accumulated amortisation at 31 March 2009 being £54m (2008: £40m).