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Note 9 Intangible assets


 

 

 

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In € millions

Total

Goodwill

Other intangibles

1

Mainly Organon BioSciences.

 

 

 

 

Balance at January 1, 2007

 

 

 

Cost of acquisitions

930

467

463

Cost of internally developed intangibles

17

17

Accumulated amortization/impairment

(265)

(47)

(218)

 

 

 

 

Carrying value

682

420

262

 

 

 

 

Changes in carrying value

 

 

 

Acquisitions through business combinations

158

71

87

 

 

 

 

Other investments – including internally developed

43

43

Divestments1

(158)

(17)

(141)

Amortization

(40)

(40)

Impairments

(8)

(5)

(3)

Transfer to assets held for sale

Changes in exchange rates

(8)

(6)

(2)

Total changes

(13)

43

(56)

 

 

 

 

Balance at December 31, 2007

 

 

 

Cost of acquisition

784

502

282

Cost of internally developed intangibles

12

12

Accumulated amortization/impairment

(127)

(39)

(88)

 

 

 

 

Carrying value

669

463

206

 

 

 

 

 

Download XLS

 

 

 

 

 

 

In € millions

Total

Goodwill

Brands

Customer
lists

Other
intangibles

1

Mainly ICI. Goodwill included €551 million due to hedge activities for the acquisition of ICI.

 

 

 

 

 

 

Balance at January 1, 2008

 

 

 

 

 

Cost of acquisition

784

502

104

110

68

Cost of internally developed intangibles

12

12

Accumulated amortization/impairment

(127)

(39)

(3)

(40)

(45)

 

 

 

 

 

 

Carrying value

669

463

101

70

35

 

 

 

 

 

 

Changes in carrying value

 

 

 

 

 

Acquisitions through business combinations1

8,315

4,485

2,344

1,181

305

 

 

 

 

 

 

Other investments – including internally developed

55

10

2

43

Divestments

(12)

(3)

(6)

(3)

Amortization

(159)

(18)

(101)

(40)

Impairments

(1,296)

(1,215)

(79)

(2)

Changes in exchange rates

(400)

(176)

(195)

(33)

4

Total changes

6,503

3,101

2,046

1,044

312

 

 

 

 

 

 

Balance at December 31, 2008

 

 

 

 

Cost of acquisitions

8,667

4,822

2,247

1,253

345

Cost of internally developed intangibles

32

32

Accumulated amortization/impairment

(1,527)

(1,258)

(100)

(139)

(30)

 

 

 

 

 

 

Carrying value

7,172

3,564

2,147

1,114

347

Amortization and impairment charges per cost category

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In € millions

Amortization

Impairment

 

Total

 

2008

2008

2008

2007

 

 

 

 

 

Cost of sales

(7)

(21)

(28)

(11)

Selling expenses

(23)

(23)

(8)

Impairment of ICI intangibles

(1,275)

(1,275)

General and administrative expenses

(7)

Research and development expenses

(5)

(5)

(2)

Other operating income/(expenses)

(124)

(124)

(5)

Discontinued operations

(15)

 

 

 

 

 

Total

(159)

(1,296)

(1,455)

(48)

Goodwill and other intangibles per segment

 

 

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In € millions

Goodwill

Brands with indefinite
useful lives1

Other intangibles with finite useful lives

 

2008

2007

2008

2007

2008

2007

1

Mainly Dulux. Dulux is the premier ICI global brand for Decorative Paints. Due to its global presence, high recognition and strategic nature, we have determined that the useful life of the Dulux brand is indefinite.

 

 

 

 

 

 

 

Decorative Paints

2,368

251

1,643

818

98

Performance Coatings

541

140

249

84

Specialty Chemicals

655

72

56

842

24

 

 

 

 

 

 

 

Total

3,564

463

1,699

1,909

206

Other intangibles include licenses, know-how, intellectual property rights and development cost. Both at year-end 2008 and 2007, there were no purchase commitments for individual intangible assets. Neither were there any intangible assets registered as security for bank loans.

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