 Download |
|
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 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 |
– |
– |
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 | ||||||
Other intangible assets comprise in particular concessions, purchased customer lists and dealer relationships, 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 other 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 Balance at Jan. 1, 2011 |
1,149 |
3,410 |
2,025 |
13,479 |
2,131 |
22,194 | ||||||
|
Foreign exchange differences |
6 |
12 |
–91 |
–28 |
64 |
–37 | ||||||
|
Changes in consolidated Group |
1,701 |
729 |
604 |
1,793 |
4,725 |
9,552 | ||||||
|
Additions |
– |
– |
1,331 |
336 |
204 |
1,871 | ||||||
|
Transfers |
– |
– |
–1,068 |
1,069 |
33 |
35 | ||||||
|
Disposals |
– |
0 |
104 |
2,224 |
220 |
2,549 | ||||||
|
Balance at Dec. 31, 2011 |
2,857 |
4,150 |
2,696 |
14,425 |
6,937 |
31,064 | ||||||
|
Amortization and impairment Balance at |
2 |
– |
145 |
7,645 |
1,298 |
9,090 | ||||||
|
Foreign exchange differences |
– |
– |
– |
–22 |
3 |
–19 | ||||||
|
Changes in consolidated Group |
– |
– |
– |
– |
57 |
57 | ||||||
|
Additions to cumulative amortization |
5 |
– |
– |
1,500 |
660 |
2,164 | ||||||
|
Additions to cumulative impairment losses |
35 |
0 |
41 |
157 |
11 |
243 | ||||||
|
Transfers |
– |
– |
–44 |
44 |
0 |
0 | ||||||
|
Disposals |
– |
0 |
82 |
2,177 |
204 |
2,463 | ||||||
|
Reversal of impairment losses |
– |
– |
– |
– |
0 |
0 | ||||||
|
Balance at Dec. 31, 2011 |
42 |
– |
61 |
7,146 |
1,824 |
9,073 | ||||||
|
Carrying amount at Dec. 31, 2011 |
2,815 |
4,150 |
2,635 |
7,279 |
5,113 |
21,992 | ||||||
The reported brand names mainly relate to Scania Vehicles and Services (€1,092 million), MAN Commercial Vehicles (€1,156 million) and MAN Power Engineering (€470 million).
€3,139 million of the goodwill recognized as of December 31, 2011 (previous year: €3,120 million) relates to Scania Vehicles and Services, €383 million to MAN Commercial Vehicles, €193 million to MAN Power Engineering, €157 million (previous year: €162 million) to ŠKODA and €153 million to Porsche Holding Salzburg. €98 million (previous year: €100 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: €13 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 2011, €1,666 million (previous year: €1,667 million) met the criteria for capitalization under IFRS s.
The following amounts were recognized as expenses:
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|
|
|
| ||
|
€ million |
2011 |
2010 | ||
|---|---|---|---|---|
|
Research and non-capitalized development costs |
5,537 |
4,589 | ||
|
Amortization of development costs |
1,697 |
2,276 | ||
|
Research and development costs recognized in the income statement |
7,234 |
6,866 |
