Strategic Report | Governance | Financial Statements | 175
15. DIVIDENDS AND APPROPRIATIONS Dividends and appropriations paid in the year were as follows:
Year ended 31 December 2023 £m
Year ended 31 December 2022 £m
Final dividend Final dividend in respect of prior year end (1.23 pence per ordinary share, paid on 17 May 2023) Interim dividend Interim dividend in respect of current year end (0.58 pence per ordinary share, paid on 4 October 2023)
13
10
6
5
Total dividends paid
19 16 35
15 17 32
Coupon payments in respect of Tier 1 notes 1 Total distributions to equity holders in the period
1 Coupon payments on Tier 1 notes are treated as an appropriation of retained profits and, accordingly, are accounted for when paid.
Subsequent to 31 December 2023, the Directors proposed a final dividend for 2023 of 1.50 pence per ordinary share (2022: 1.23 pence) and together with the interim dividend of 0.58 pence per ordinary share paid in 4 October 2023 amounting to £22m (2022: £18m) in total. Subject to approval by shareholders at the Company’s 2024 AGM, the dividend will be paid on 15 May 2024 to shareholders on the register of members at the close of business on 12 April 2024, and will be accounted for as an appropriation of retained earnings in year ending 31 December 2024.
16. INTANGIBLE ASSETS
Acquired intangible assets
Goodwill £m
Intellectual property £m
PrognoSys™ £m
Software £m
Total £m
Year ended 31 December 2023 Cost At 1 January 2023 (restated)
35 35
2 2
6 6
29 29
72 72
At 31 December 2023
Amortisation and impairment At 1 January 2023 (restated)
(1)
(1)
(3)
(20)
(25)
– –
– –
–
(3) (2)
(3) (3)
Impairment
(1) (4)
Charge for the year At 31 December 2023
(1)
(1)
(25)
(31)
Net book value at 31 December 2023
34 34
1 1
2 3
4 9
41 47
Net book value at 31 December 2022 (restated)
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