The overview of the changes in intangible assets has been partially restructured. Concessions, industrial and similar rights, and licenses in such rights and assets are reported under other intangible assets. The brand name, which was previously included in other intangible assets, is presented separately. The prior-period figure has been adjusted accordingly.
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CHANGES IN INTANGIBLE ASSETS |
|
| ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
€ million |
Brand name |
Goodwill |
Capitalized costs for products under development |
Capitalized development costs for products currently in use |
Other intangible assets |
Total | ||||||
|
Cost |
– |
201 |
1,938 |
10,470 |
1,437 |
14,046 | ||||||
|
Foreign exchange differences |
–132 |
–384 |
–54 |
–366 |
–97 |
–1,033 | ||||||
|
Changes in consolidated Group |
1,027 |
2,952 |
12 |
1,073 |
713 |
5,777 | ||||||
|
Additions |
– |
2 |
1,842 |
374 |
239 |
2,457 | ||||||
|
Transfers |
– |
– |
–1,036 |
1,036 |
–15 |
–15 | ||||||
|
Held for sale |
– |
– |
34 |
65 |
6 |
105 | ||||||
|
Disposals |
– |
– |
3 |
1,023 |
118 |
1,144 | ||||||
|
Balance at Dec. 31, 2008 |
895 |
2,771 |
2,665 |
11,499 |
2,153 |
19,983 | ||||||
|
Amortization and impairment |
– |
– |
229 |
6,097 |
890 |
7,216 | ||||||
|
Foreign exchange differences |
– |
– |
– |
–130 |
–11 |
–141 | ||||||
|
Changes in consolidated Group |
– |
– |
– |
– |
0 |
0 | ||||||
|
Additions to cumulative amortization |
– |
– |
– |
1,359 |
381 |
1,740 | ||||||
|
Additions to cumulative impairment losses |
– |
– |
18 |
15 |
8 |
41 | ||||||
|
Transfers |
– |
– |
–8 |
8 |
–1 |
–1 | ||||||
|
Held for sale |
– |
– |
– |
20 |
6 |
26 | ||||||
|
Disposals |
– |
– |
0 |
1,021 |
116 |
1,137 | ||||||
|
Balance at Dec. 31, 2008 |
– |
– |
239 |
6,308 |
1,145 |
7,692 | ||||||
|
Carrying amount |
895 |
2,771 |
2,426 |
5,191 |
1,008 |
12,291 | ||||||
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 |
|
| ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
€ million |
Brand name |
Goodwill |
Capitalized costs for products under development |
Capitalized development costs for products currently in use |
Other intangible assets |
Total | ||||||
|
Cost |
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 | ||||||
|
Held for sale |
– |
– |
– |
– |
– |
– | ||||||
|
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 |
– |
– |
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 | ||||||
|
Held for sale |
– |
– |
– |
– |
– |
– | ||||||
|
Disposals |
– |
– |
98 |
1,117 |
85 |
1,299 | ||||||
|
Balance at Dec. 31, 2009 |
– |
– |
136 |
6,870 |
1,397 |
8,403 | ||||||
|
Carrying amount |
949 |
2,929 |
3,077 |
5,027 |
925 |
12,907 | ||||||
The reported brand name relates to Scania.
€2,729 million of the goodwill reported as of December 31, 2009 (previous year: €2,574 million) relates to Scania and €153 million (previous year: €151 million) to Škoda (Passenger Cars and Light Commercial Vehicles segment). €27 million (previous year: €27 million) of the remaining amount relates to the Passenger Cars and Light Commercial Vehicles segment, €15 million (previous year: €14 million) to the Volkswagen Financial Services segment and €5 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 2009, €1,947 million (previous year: €2,216 million) met the criteria for capitalization under IFRSs.
The following amounts were recognized as expenses:
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|
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| ||
|
€ million |
2009 |
2008 | ||
|---|---|---|---|---|
|
Research and non-capitalized development costs |
3,843 |
3,710 | ||
|
Amortization of development costs |
1,586 |
1,392 | ||
|
Research and development costs recognized in the income statement |
5,429 |
5,102 |
