17. Intangible assets
Development
Intangible assets developed as follows
2024 |
Goodwill |
Concessions, industrial property rights, licenses and similar rights |
Internally generated intangible assets |
Total |
|---|---|---|---|---|
Cost |
|
|
|
|
As at 01/01/2024 |
95,879 |
30,044 |
44,906 |
170,829 |
|
|
|
|
|
Currency translation adjustment |
4,668 |
208 |
0 |
4,876 |
Addition |
0 |
810 |
0 |
810 |
Disposals |
0 |
(155) |
(437) |
(592) |
As at 31/12/2024 |
100,547 |
30,907 |
44,469 |
175,923 |
|
|
|
|
|
Accumulated amortization |
|
|
|
|
As at 01/01/2024 |
(80,990) |
(24,517) |
(38,595) |
(144,102) |
|
|
|
|
|
Currency translation adjustment |
(4,699) |
(112) |
0 |
(4,812) |
Amortization |
0 |
(2,033) |
(1,146) |
(3,179) |
Disposals |
0 |
4 |
0 |
4 |
As at 31/12/2024 |
(85,689) |
(26,659) |
(39,741) |
(152,089) |
|
|
|
|
|
Carrying amount as at 01/01/2024 |
14,889 |
5,528 |
6,311 |
26,728 |
Carrying amount as at 31/12/2024 |
14,858 |
4,248 |
4,728 |
23,835 |
2023 |
Goodwill |
Concessions, industrial property rights, licenses and similar rights |
Internally generated intangible assets |
Total |
|---|---|---|---|---|
Cost |
|
|
|
|
As at 01/01/2023 |
98,356 |
29,959 |
36,564 |
164,879 |
|
|
|
|
|
Currency translation adjustment |
(3,196) |
(242) |
0 |
(3,438) |
Addition |
719 |
372 |
8,341 |
9,433 |
Disposals |
0 |
(44) |
0 |
(44) |
As at 31/12/2023 |
95,879 |
30,044 |
44,906 |
170,829 |
|
|
|
|
|
Accumulated amortization |
|
|
|
|
As at 01/01/2023 |
(83,906) |
(22,203) |
(14,945) |
(121,054) |
|
|
|
|
|
Currency translation adjustment |
2,916 |
127 |
0 |
3,043 |
Amortization |
0 |
(2,369) |
(2,446) |
(4,815) |
Impairment |
0 |
(116) |
(21,204) |
(21,320) |
Disposals |
0 |
44 |
0 |
44 |
As at 31/12/2023 |
(80,990) |
(24,517) |
(38,595) |
(144,102) |
|
|
|
|
|
Carrying amount as at 01/01/2023 |
14,450 |
7,756 |
21,619 |
43,825 |
Carrying amount as at 31/12/2023 |
14,889 |
5,528 |
6,311 |
26,728 |
Of the additions in the 2024 financial year, EUR 810 thousand (2023: EUR 372 thousand) relate to purchased intangible assets. In the 2024 financial year no goodwill (2023: EUR 719 thousand) (see note 3), and no internally generated intangible assets (2023: EUR 8,341 thousand) were acquired. Development costs are recognized as intangible assets if the specific requirements pursuant to IAS 38 are met, in particular, as to whether future economic benefits can be generated.
The revaluation option was not exercised. Amortization is calculated according to the straight-line method based on the estimated useful lives. The estimated useful lives of the major asset classes are as follows:
Software/computer programs |
4 to 7 |
|---|---|
Licenses and other intangible assets |
|
Purchased |
4 to 25 |
Internally generated |
7 to 15 |
All items of intangible assets are tested for impairment in accordance with IAS 36 if there are any indications that these assets may be impaired (see note 10).
The amortization of concessions, industrial property rights, licenses, similar rights and internally generated intangible assets is presented in the cost of sales, selling expenses, administrative expenses as well as research and development expenses.