Philips 2009 Annual Report Download - page 186
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14 Intangible assets excluding goodwill
The changes were as follows:
other intangible
assets
product
development software total
Balance as of
January 1, 2009:
Cost 5,021 805 702 6,528
Accumulated
amortization (1,137) (448) (466) (2,051)
Book value 3,884 357 236 4,477
Changes in
book value:
Additions 14 188 91 293
Acquisitions 102 25 − 127
Amortization/
deductions (433) (165) (103) (701)
Impairment
losses (3) (16) (3) (22)
Translation
differences (18) (4) − (22)
Other 10 (1) − 9
Total changes (328) 27 (15) (316)
Balance as of
December 31,
2009:
Cost 5,040 820 606 6,466
Accumulated
amortization (1,484) (436) (385) (2,305)
Book Value 3,556 384 221 4,161
other intangible
assets
product
development software total
Balance as of
January 1, 2008:
Cost 2,848 1,146 615 4,609
Accumulated
amortization (743) (627) (404) (1,774)
Book value 2,105 519 211 2,835
Changes in
book value:
Additions 3 154 118 275
Acquisitions 2,093 15 − 2,108
Amortization/
deductions (389) (234) (92) (715)
Impairment
losses − (84) − (84)
Translation
differences 64 9 5 78
Other 8 (22) (6) (20)
Total changes 1,779 (162) 25 1,642
Balance as of
December 31,
2008:
Cost 5,021 805 702 6,528
Accumulated
amortization (1,137) (448) (466) (2,051)
Book Value 3,884 357 236 4,477
The additions for 2009 contain internally generated assets of EUR 188
million and EUR 76 million for product development and software,
respectively (2008: EUR 154 million, EUR 96 million).
The acquisitions through business combinations in 2009 consist of the
acquired intangible assets of Saeco for EUR 74 million and several other
smaller acquisitions. The acquisitions through business combinations in
2008 consist of the acquired intangible assets of Respironics of
EUR 1,186 million, Genlyte of EUR 860 million, and VISICU of EUR 33
million.
The amortization of Intangible assets is specified in note 3 Income from
operations.
Other intangible assets consist of:
December 31,
2008
December 31,
2009
gross
accumulated
amortization gross
accumulated
amortization
Brand names 895 (203) 939 (212)
Customer
relationships 2,551 (358) 2,581 (534)
Technology 1,539 (559) 1,472 (712)
Other 36 (17) 48 (26)
5,021 (1,137) 5,040 (1,484)
14 11 Group financial statements 11.12 - 11.12
186 Philips Annual Report 2009