12 Intangible assets

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CHANGES IN INTANGIBLE ASSETS
BETWEEN JANUARY 1 AND DECEMBER 31, 2007

 

 

 

 

€ million

 

Concessions, industrial and similar rights, and licenses in such rights and assets

 

Goodwill

 

Capitalized costs for products under development

 

Capitalized development costs for products currently in use

 

Other intangible assets

 

Total

Cost
Balance at Jan. 1, 2007

 

63

 

195

 

1,872

 

10,146

 

1,286

 

13,562

Foreign exchange differences

 

–3

 

6

 

7

 

–65

 

–12

 

–67

Changes in
consolidated Group

 

 

5

 

 

 

2

 

7

Additions

 

5

 

 

1,135

 

311

 

193

 

1,644

Transfers

 

3

 

 

–1,042

 

1,042

 

22

 

25

Disposals

 

1

 

5

 

34

 

964

 

121

 

1,125

Balance at Dec. 31, 2007

 

67

 

201

 

1,938

 

10,470

 

1,370

 

14,046

Amortization and impairment
Balance at Jan. 1, 2007

 

57

 

 

113

 

5,405

 

794

 

6,369

Foreign exchange differences

 

–2

 

 

 

–37

 

–6

 

–45

Changes in
consolidated Group

 

 

 

 

 

2

 

2

Additions to cumulative amortization

 

7

 

 

 

1,428

 

154

 

1,589

Additions to cumulative impairment losses

 

 

5

 

175

 

240

 

3

 

423

Transfers

 

0

 

 

–18

 

18

 

1

 

1

Disposals

 

1

 

5

 

41

 

957

 

119

 

1,123

Balance at Dec. 31, 2007

 

61

 

 

229

 

6,097

 

829

 

7,216

Carrying amount
at Dec. 31, 2007

 

6

 

201

 

1,709

 

4,373

 

541

 

6,830

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, 2008

 

 

 

 

€ million

 

Concessions, industrial and similar rights, and licenses in such rights and assets

 

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

 

67

 

201

 

1,938

 

10,470

 

1,370

 

14,046

Foreign exchange differences

 

3

 

–384

 

–54

 

–366

 

–232

 

–1,033

Changes in
consolidated Group

 

 

2,952

 

12

 

1,073

 

1,740

 

5,777

Additions

 

6

 

2

 

1,842

 

374

 

233

 

2,457

Transfers

 

14

 

 

–1,036

 

1,036

 

–29

 

–15

Held for sale

 

 

 

34

 

65

 

6

 

105

Disposals

 

1

 

 

3

 

1,023

 

117

 

1,144

Balance at Dec. 31, 2008

 

89

 

2,771

 

2,665

 

11,499

 

2,959

 

19,983

Amortization and impairment Balance at Jan. 1, 2008

 

61

 

 

229

 

6,097

 

829

 

7,216

Foreign exchange differences

 

3

 

 

 

–130

 

–14

 

–141

Changes in
consolidated Group

 

 

 

 

 

0

 

0

Additions to cumulative amortization

 

7

 

 

 

1,359

 

374

 

1,740

Additions to cumulative impairment losses

 

0

 

 

18

 

15

 

8

 

41

Transfers

 

7

 

 

–8

 

8

 

–8

 

–1

Held for sale

 

 

 

 

20

 

6

 

26

Disposals

 

1

 

 

0

 

1,021

 

115

 

1,137

Balance at Dec. 31, 2008

 

77

 

 

239

 

6,308

 

1,068

 

7,692

Carrying amount
at Dec. 31, 2008

 

12

 

2,771

 

2,426

 

5,191

 

1,891

 

12,291

€2,574 million of the goodwill reported as of December 31, 2008 relates to Scania and €151 million to Škoda (translated at the closing rate). The goodwill attributable to both companies is allocated to the Automotive Division. €32 million of the remaining amount relates to the Automotive Division and €14 million to the Financial Services Division. The recoverability of recognized goodwill is not affected by a variation in the growth forecast or in the discount rate by +/–0.5%.

Other intangible assets in the Automotive Division at the balance sheet date include Scania’s brand name with a carrying amount of €895 million. This figure is not amortized because no useful life can be determined.

Of the total research and development costs incurred in 2008, €2,216 million (previous year: €1,446 million) met the criteria for capitalization under IFRS s.

The following amounts were recognized as expenses:

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€ million

 

2008

 

2007

Research and non-capitalized development costs

 

3,710

 

3,477

Amortization of development costs

 

1,392

 

1,843

Research and development costs
recognized in the income statement

 

5,102

 

5,320

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