12 Intangible assets
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CHANGES IN INTANGIBLE ASSETS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2012 |
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€ million |
Brand name |
Goodwill* |
Capitalized development costs for products under development |
Capitalized development costs for products currently in use |
Other intangible assets |
Total* | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
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|
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Cost Balance at Jan. 1, 2012 |
2,857 |
4,334 |
2,696 |
14,425 |
6,937 |
31,248 |
||||||||
Foreign exchange differences |
40 |
130 |
–3 |
25 |
–109 |
83 |
||||||||
Changes in consolidated Group |
14,239 |
19,425 |
1,017 |
1,254 |
1,524 |
37,459 |
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Additions |
– |
– |
2,174 |
441 |
379 |
2,994 |
||||||||
Transfers |
– |
– |
–2,229 |
2,244 |
–14 |
1 |
||||||||
Disposals |
– |
– |
29 |
965 |
277 |
1,271 |
||||||||
Balance at Dec. 31, 2012 |
17,135 |
23,889 |
3,627 |
17,422 |
8,441 |
70,513 |
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Amortization and impairment Balance at Jan. 1, 2012 |
42 |
– |
61 |
7,146 |
1,824 |
9,073 |
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Foreign exchange differences |
–1 |
0 |
0 |
16 |
–9 |
7 |
||||||||
Changes in consolidated Group |
0 |
0 |
– |
0 |
18 |
18 |
||||||||
Additions to cumulative amortization |
14 |
– |
2 |
1,910 |
1,591 |
3,517 |
||||||||
Additions to cumulative impairment losses |
– |
– |
1 |
38 |
3 |
42 |
||||||||
Transfers |
– |
– |
–17 |
17 |
3 |
3 |
||||||||
Disposals |
– |
– |
– |
939 |
271 |
1,210 |
||||||||
Reversal of impairment losses |
– |
– |
20 |
28 |
0 |
48 |
||||||||
Balance at Dec. 31, 2012 |
56 |
0 |
27 |
8,160 |
3,158 |
11,401 |
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Carrying amount at Dec. 31, 2012 |
17,079 |
23,889 |
3,599 |
9,262 |
5,282 |
59,112 |
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 IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2013 |
||||||||||||
€ million |
Brand name |
Goodwill |
Capitalized development costs for products under development |
Capitalized development costs for products currently in use |
Other intangible assets |
Total | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
||||||
Cost Balance at Jan. 1, 2013 |
17,135 |
23,889 |
3,627 |
17,422 |
8,441 |
70,513 |
||||||
Foreign exchange differences |
–42 |
–177 |
–66 |
–263 |
–270 |
–818 |
||||||
Changes in consolidated Group |
– |
18 |
– |
– |
38 |
57 |
||||||
Additions |
– |
– |
3,390 |
631 |
351 |
4,373 |
||||||
Transfers |
–5 |
– |
–1,850 |
1,856 |
–23 |
–22 |
||||||
Disposals |
0 |
– |
15 |
422 |
185 |
622 |
||||||
Balance at Dec. 31, 2013 |
17,088 |
23,730 |
5,087 |
19,224 |
8,352 |
73,481 |
||||||
Amortization and impairment Balance at Jan. 1, 2013 |
56 |
0 |
27 |
8,160 |
3,158 |
11,401 |
||||||
Foreign exchange differences |
–6 |
0 |
0 |
–156 |
–132 |
–294 |
||||||
Changes in consolidated Group |
– |
0 |
– |
– |
5 |
5 |
||||||
Additions to cumulative amortization |
13 |
– |
1 |
2,378 |
1,197 |
3,589 |
||||||
Additions to cumulative impairment losses |
– |
– |
– |
85 |
10 |
96 |
||||||
Transfers |
–4 |
– |
–4 |
9 |
–1 |
0 |
||||||
Disposals |
– |
– |
– |
392 |
168 |
560 |
||||||
Reversal of impairment losses |
– |
– |
– |
– |
– |
– |
||||||
Balance at Dec. 31, 2013 |
59 |
0 |
24 |
10,085 |
4,070 |
14,238 |
||||||
Carrying amount at Dec. 31, 2013 |
17,029 |
23,730 |
5,063 |
9,139 |
4,282 |
59,243 |
The allocation of the brand name and goodwill to the operating segments is shown in the following table:
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€ million |
2013 |
2012 | ||||
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|
|
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Brand name by operating segments |
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Porsche |
13,823 |
13,823 |
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Scania Vehicles and Services |
1,098 |
1,134 |
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MAN Commercial Vehicles |
1,135 |
1,145 |
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MAN Power Engineering |
470 |
470 |
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Ducati |
404 |
404 |
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Other |
99 |
104 |
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|
17,029 |
17,079 |
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Goodwill by operating segments |
|
| ||||
Porsche* |
18,825 |
18,825 |
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Scania Vehicles and Services |
3,158 |
3,260 |
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MAN Commercial Vehicles |
651 |
708 |
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Ducati |
290 |
290 |
||||
MAN Power Engineering |
256 |
257 |
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ŠKODA |
148 |
161 |
||||
Porsche Holding Salzburg |
181 |
153 |
||||
Other |
221 |
234 |
||||
|
23,730 |
23,889 |
The recoverability test for recognized goodwill is based on value in use and is not affected by a variation in the growth forecast or in the discount rate of +/–0.5 percentage points.
Of the total research and development costs incurred in 2013, €4,021 million (previous year: €2,615 million) met the criteria for capitalization under IFRSs.
The following amounts were recognized in profit or loss:
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€ million |
2013 |
2012 | ||
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|
|
|
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Research and noncapitalized development costs |
7,722 |
6,900 |
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Amortization of development costs |
2,464 |
1,951 |
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Research and development costs recognized in the income statement |
10,186 |
8,851 |