12 Intangible assets


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
BETWEEN JANUARY 1 AND DECEMBER 31, 2008

 

 

 

 

€ 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, 2008

 

 

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
Balance at Jan. 1, 2008

 

 

 

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
at Dec. 31, 2008

 

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
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

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
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

Held for sale

 

 

 

 

 

 

Disposals

 

 

 

98

 

1,117

 

85

 

1,299

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

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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€ 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

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