=+3. The directors of GOLD believe that the goodwill arising on the acquisition of SILVER and COPPER was impaired for the first time during the year ended 31 December 2005 by €1,720,000 and €312,500 respectively. Each company charges depreciation to cost of sales. COPPER purchased all items of plant and machinery on or before 1 January 2003, and none of the companies disposed of plant and machinery during the year ended 31 December 2005.