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59
13. INTANGIBLE ASSETS
(€ in thousands) 2011 2010
Goodwill 381,569 854,713
Other intangible assets 871,528 946,263
TOTAL INTANGIBLE ASSETS 1,253,097 1,800,976
(€ in thousands) Goodwill
Database
and tools
Internally
generated Other1Total
Balance as at 31 December 2009
Investment cost 1,902,489 899,603 54,279 205,208 3,061,579
Accumulated amortisation and impairment – 1,047,776 – 73,380 – 18,742 – 80,496 – 1,220,394
854,713 826,223 35,537 124,712 1,841,185
MOVEMENTS
Investments 0 18,772 21,962 7,305 48,039
Transfers between categories 0 0 0 6,970 6,970
Amortisation charges 0 – 51,484 – 18,829 – 23,922 – 94,235
Currency translation differences 0 – 273 – 12 – 698 – 983
0 – 32,985 3,121 – 10,345 – 40,209
Balance as at 31 December 2010
Investment cost 1,902,489 918,102 76,229 218,785 3,115,605
Accumulated amortisation and impairment – 1,047,776 – 124,864 – 37,571 – 104,418 – 1,314,629
854,713 793,238 38,658 114,367 1,800,976
MOVEMENTS
Investments 0 25,116 29,274 4,022 58,412
Impairment charges – 473,144 0 0 – 38,792 – 511,936
Transfers between categories 0 0 9,759 – 8,148 1,611
Amortisation charges 0 – 49,509 – 25,161 – 23,920 – 98,590
Currency translation differences 0 2,788 – 110 – 54 2,624
– 473,144 – 21,605 13,762 – 66,892 – 547,879
Balance as at 31 December 2011
Investment cost 1,902,489 945,711 115,064 214,605 3,177,869
Accumulated amortisation and impairment – 1,520,920 – 174,078 – 62,644 – 167,130 – 1,924,772
381,569 771,633 52,420 47,475 1,253,097
1 Other intangible assets include technology, customer relationships, brand name and software.
All intangible assets besides goodwill have fi nite useful lives. Goodwill has an indefi nite useful life. The database as acquired at acquisition
date represents all stored routing data used for our digital maps and has a remaining useful life of 15 years and 5 months.
The amortisation charges totalling to €98.6 million (2010: €94.2 million) are included in the following line items in the Income Statement:
amortisation of technology and databases: €84.6 million (2010: €77.6 million); R&D expenses: €9.0 million (2010: €10.0 million); marketing
expenses: €1.3 million (2010: €1.7 million) and selling, general and administrative expenses: €3.7 million (2010: €4.9 million).
In the year we impaired €38.8 million on other intangibles mainly comprising of the customer relationships and the brand name of our
Licensing segment.
Impairment test for goodwill
Goodwill is allocated to the group’s operating segments identifi ed according to the core business activities as monitored by management.
An impairment test on goodwill is performed at least on annual basis or whenever Management identifi es conditions that may trigger the
risk of impairment.
As a result of a faster than expected decline in the PND market size which negatively impacted our Consumer segment’s 2011 result and
future outlook, Management issued a profi t warning and performed a trigger-based impairment test in June 2011 in addition to the annual
impairment test. The trigger-based impairment test resulted in a goodwill impairment charge of €473 million for the Consumer segment.
The annual impairment test performed at year end did not result in any further impairment for any of the segments.