Philips 2015 Annual Report Download - page 138
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Group nancial statements 12.9 12
138 Annual Report 2015
12 Intangible assets excluding goodwill
The changes were as follows:
Philips Group
Intangible assets excluding goodwill in millions of EUR
2015
other intangible assets product development software total
Balance as of January 1, 2015:
Cost 5,721 1,853 446 8,020
Amortization/ impairments (3,371) (964) (317) (4,652)
Book value 2,350 889 129 3,368
Changes in book value:
Additions 50 315 70 435
Acquisitions 326 - - 326
Purchase price allocation adjustment (10) (10)
Amortization (372) (230) (45) (647)
Impairments (8) (41) (3) (52)
Divestments and transfers to assets
classied as held for sale - (2) - (2)
Translation dierences 210 61 4 275
Total changes 196 103 26 325
Balance as of December 31, 2015:
Cost 6,539 2,190 522 9,251
Amortization/ impairments (3,993) (1,198) (367) (5,558)
Book Value 2,546 992 155 3,693
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 transfer to assets
classied as held for sale (62) (96) - (158)
Translation dierences 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
The additions for 2015 contain internally generated
assets of EUR 315 million (2014: EUR 323 million) for
product development, and EUR 56 million (2014: EUR
83 million) for software. The acquisitions through
business combinations in 2015 mainly consist of the
acquired intangible assets of Volcano for EUR 320
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
classied as held for sale in 2014 mainly relate to
combined businesses of Lumileds and Automotive.
The impairment charges in 2015 for product
development relate to various projects mainly within
Healthcare.