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  Goodwill
£m
Negative
goodwill
£m
Total
£m
The Group      
Cost
At 1 January 2004 11 (11)
Exchange rate differences 1 1
At 31 December 2004 12 (11) 1
Amortisation
At 1 January 2004 (4) 5 1
(Charged)/credited in the year
At 31 December 2004 (4) 5 1
Net book value at 31 December 2004 8 (6) 2
Net book value at 31 December 2003 7 (6) 1

Goodwill arising on the acquisition of joint ventures and associated undertakings is set out in note 15 – fixed asset investments.