Goodwill

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

10.Goodwill

	March 31,	December 31,
	2014	2013
	$’M	$’M
	____________	____________
Goodwill arising on businesses acquired	2,161.2	624.6
	____________	____________

In the three months to March 31, 2014 the Company completed the acquisition of ViroPharma, which resulted in goodwill with a preliminary value of $1,536.6million (see Note 2 for details).

	2014	2013
	$’M	$’M
	____________	____________
As at January 1,	624.6	644.5
Acquisitions	1,536.6	83.7
Goodwill impairment charge related to continuing operations	-	(7.1)
Goodwill impairment charge related to DERMAGRAFT business recorded to discontinued operations	-	(191.8)
Foreign currency translation	-	(6.5)
	____________	____________
As at March 31,	2,161.2	522.8
	____________	____________

In the first quarter of 2013 the Company recorded an impairment charge of $198.9 million related to the goodwill allocated to the former RM reporting unit. Following the divestment of the DERMAGRAFT business, $191.8 million of the impairment charge was reclassified to discontinued operations, being the portion of the former RM reporting unit goodwill impairment charge that related to the DERMAGRAFT business.