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Annual Report

12 Intangible assets

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CHANGES IN INTANGIBLE ASSETS BETWEEN JANUARY 1 AND DECEMBER 31, 2009

 

 

 

 

€ million

 

Brand name

 

Goodwill

 

Capitalized costs for products under development

 

Capitalized development costs for products currently in use

 

Other intangible assets

 

Total

Cost Balance at Jan. 1, 2009

 

895

 

2,771

 

2,665

 

11,499

 

2,153

 

19,983

Foreign exchange differences

 

54

 

158

 

27

 

188

 

46

 

473

Changes in consolidated Group

 

 

 

 

 

0

 

0

Additions

 

 

 

1,600

 

347

 

226

 

2,173

Transfers

 

 

 

–981

 

986

 

–18

 

–13

Disposals

 

 

 

99

 

1,123

 

85

 

1,307

Balance at Dec. 31, 2009

 

949

 

2,929

 

3,213

 

11,896

 

2,322

 

21,310

Amortization and impairment Balance at Jan. 1, 2009

 

 

 

239

 

6,308

 

1,145

 

7,692

Foreign exchange differences

 

 

 

 

88

 

21

 

109

Changes in consolidated Group

 

 

 

 

 

0

 

0

Additions to cumulative amortization

 

 

 

 

1,417

 

320

 

1,737

Additions to cumulative impairment losses

 

 

 

109

 

60

 

3

 

172

Transfers

 

 

 

–113

 

113

 

–7

 

–7

Disposals

 

 

 

98

 

1,117

 

85

 

1,299

Reversal of impairment losses

 

 

 

 

 

 

Balance at Dec. 31, 2009

 

 

 

136

 

6,870

 

1,397

 

8,403

Carrying amount at Dec. 31, 2009

 

949

 

2,929

 

3,077

 

5,027

 

925

 

12,907

Other intangible assets comprise in particular concessions, industrial and similar rights, and licenses in such rights and assets.

Sensitivity analyses have shown that it is unnecessary to recognize impairment losses on goodwill and indefinite-lived intangible assets, including where realistic variations are applied to key assumptions.

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CHANGES IN INTANGIBLE ASSETS BETWEEN JANUARY 1 AND DECEMBER 31, 2010

 

 

 

 

€ million

 

Brand name

 

Goodwill

 

Capitalized costs for products under development

 

Capitalized development costs for products currently in use

 

Other intangible assets

 

Total

Cost Balance at Jan. 1, 2010

 

949

 

2,929

 

3,213

 

11,896

 

2,322

 

21,310

Foreign exchange differences

 

136

 

401

 

89

 

246

 

103

 

975

Changes in consolidated Group

 

64

 

80

 

 

 

38

 

182

Additions

 

 

 

1,249

 

419

 

175

 

1,842

Transfers

 

 

 

–2,362

 

2,366

 

12

 

15

Disposals

 

 

 

164

 

1,447

 

520

 

2,130

Balance at Dec. 31, 2010

 

1,149

 

3,410

 

2,025

 

13,479

 

2,131

 

22,194

Amortization and impairment Balance at Jan. 1, 2010

 

 

 

136

 

6,870

 

1,397

 

8,403

Foreign exchange differences

 

 

 

 

115

 

51

 

166

Changes in consolidated Group

 

 

 

 

 

11

 

11

Additions to cumulative amortization

 

2

 

 

 

1,580

 

317

 

1,899

Additions to cumulative impairment losses

 

 

 

136

 

560

 

32

 

728

Transfers

 

 

 

–15

 

15

 

1

 

1

Disposals

 

 

 

111

 

1,437

 

511

 

2,060

Reversal of impairment losses

 

 

 

0

 

–58

 

 

–58

Balance at Dec. 31, 2010

 

2

 

 

145

 

7,645

 

1,298

 

9,090

Carrying amount at Dec. 31, 2010

 

1,147

 

3,410

 

1,880

 

5,834

 

833

 

13,104

The reported brand name relates primarily to the Scania Vehicles and Services segment.

€3,120 million of the goodwill reported as of December 31, 2010 (previous year: €2,729 million) relates to Scania Vehicles and Services and €162 million (previous year: €153 million) to Škoda (Passenger Cars and Light Commercial Vehicles segment). €100 million (previous year: €27 million) of the remaining amount relates to the Passenger Cars and Light Commercial Vehicles segment, €15 million (previous year: €15 million) to the Financial Services segment and €13 million (previous year: €5 million) to unallocated areas. The recoverability of recognized goodwill is not affected by a variation in the growth forecast or in the discount rate by +/–0.5 percentage points.

Of the total research and development costs incurred in 2010, €1,667 million (previous year: €1,948 million) met the criteria for capitalization under IFRSs.

The following amounts were recognized as expenses:

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€ million

 

2010

 

2009

Research and non-capitalized development costs

 

4,589

 

3,843

Amortization of development costs

 

2,276

 

1,586

Research and development costs recognized in the income statement

 

6,866

 

5,429

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