12 Intangible assets

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CHANGES IN INTANGIBLE ASSETS IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2012

€ million

 

Brand name

 

Goodwill*

 

Capit­alized develop­ment costs for products under develop­ment

 

Capit­alized develop­ment costs for products currently in use

 

Other intan­gible assets

 

Total*

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Figures adjusted because of the updated purchase price allocation for MAN and to reflect application of IAS 19R.

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

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

Amortization and impairment Balance at Jan. 1, 2012

 

42

 

 

61

 

7,146

 

1,824

 

9,073

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

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

 

 

 

 

 

Brand name by operating segments

 

 

 

 

*

Prior-year figures adjusted to reflect application of IAS 19R.

Porsche

 

13,823

 

13,823

Scania Vehicles and Services

 

1,098

 

1,134

MAN Commercial Vehicles

 

1,135

 

1,145

MAN Power Engineering

 

470

 

470

Ducati

 

404

 

404

Other

 

99

 

104

 

 

17,029

 

17,079

Goodwill by operating segments

 

 

 

 

Porsche*

 

18,825

 

18,825

Scania Vehicles and Services

 

3,158

 

3,260

MAN Commercial Vehicles

 

651

 

708

Ducati

 

290

 

290

MAN Power Engineering

 

256

 

257

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

 

 

 

 

 

Research and noncapitalized development costs

 

7,722

 

6,900

Amortization of development costs

 

2,464

 

1,951

Research and development costs recognized in the income statement

 

10,186

 

8,851