Philips 2014 Annual Report Download - page 143

12 Group nancial statements 12.9
Annual Report 2014 143
12 Intangible assets excluding goodwill
The changes were as follows:
Philips Group
Intangible assets excluding goodwill in millions of EUR
2014
other intangible assets product development software total
Balance as of January 1, 2014:
Cost 5,533 1,761 344 7,638
Amortization/ impairments (3,173) (916) (287) (4,376)
Book value 2,360 845 57 3,262
Changes in book value:
Additions 15 323 101 439
Acquisitions 170 2 1 173
Purchase price allocation adjustment (8) (8)
Amortization (355) (231) (31) (617)
Impairments (1) (25) (2) (28)
Divestments and transfers to assets
classied as held for sale (62) (96) – (158)
Translation dierences 231 71 3 305
Total changes (10) 44 72 106
Balance as of December 31, 2014:
Cost 5,721 1,853 446 8,020
Amortization/ impairments (3,371) (964) (317) (4,652)
Book Value 2,350 889 129 3,368
Philips Group
Intangible assets excluding goodwill in millions of EUR
2013
other intangible assets product development software total
Balance as of January 1, 2013:
Cost 5,868 1,584 369 7,821
Amortization/ impairments (2,972) (817) (301) (4,090)
Book value 2,896 767 68 3,731
Changes in book value:
Additions 19 357 30 406
Acquisitions 15 – – 15
Amortization (387) (213) (37) (637)
Impairments (50) (33) (2) (85)
Reversal of impairment 5 – – 5
Divestments and transfer to assets
classied as held for sale (28) (9) (1) (38)
Translation dierences (118) (25) (1) (144)
Other 8 1 – 9
Total changes (536) 78 (11) (469)
Balance as of December 31, 2013:
Cost 5,533 1,761 344 7,638
Amortization/ impairments (3,173) (916) (287) (4,376)
Book value 2,360 845 57 3,262
The additions for 2014 contain internally generated
assets of EUR 323 million for product development, and
EUR 83 million for software. (2013: EUR 357 million, EUR
0 million). The acquisitions through business
combinations in 2014 mainly consist of the acquired
intangible assets of General Lighting Company (GLC)
for EUR 158 million.
In addition, other intangible xed assets changed due
to the nalization of purchase price accounting related
to acquisitions in the prior year. Transfer to assets
classied as held for sale in 2014 mainly relate to
combined businesses of Lumileds and Automotive.
The impairment charges in 2013 include an impairment
charge of EUR 24 million in Imaging Systems, which
relate to capitalized product development for EUR 7
million and other intangibles for EUR 17 million. The
impairment charge is based on a trigger-based test on