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CHANGES IN INTANGIBLE ASSETS
BETWEEN JANUARY 1 AND DECEMBER 31, 2011

€ million

 

Brand names

 

Goodwill*

 

Capitalized costs for products under development

 

Capitalized
development
costs for
products
currently in use

 

Other
intangible
assets

 

Total*

*

Figures adjusted because of the updated purchase price allocation for MAN.

Cost Balance at Jan. 1, 2011

 

1,149

 

3,410

 

2,025

 

13,479

 

2,131

 

22,194

Foreign exchange differences

 

6

 

12

 

–91

 

–28

 

64

 

–37

Changes in
consolidated Group

 

1,701

 

912

 

604

 

1,793

 

4,725

 

9,735

Additions

 

 

 

1,331

 

336

 

204

 

1,871

Transfers

 

 

 

–1,068

 

1,069

 

33

 

35

Disposals

 

 

0

 

104

 

2,224

 

220

 

2,549

Balance at Dec. 31, 2011

 

2,857

 

4,334

 

2,696

 

14,425

 

6,937

 

31,248

Amortization and impairment Balance at Jan. 1, 2011

 

2

 

 

145

 

7,645

 

1,298

 

9,090

Foreign exchange differences

 

 

 

 

–22

 

3

 

–19

Changes in
consolidated Group

 

 

 

 

 

57

 

57

Additions to cumulative amortization

 

5

 

 

 

1,500

 

660

 

2,164

Additions to cumulative impairment losses

 

35

 

0

 

41

 

157

 

11

 

243

Transfers

 

 

 

–44

 

44

 

0

 

0

Disposals

 

 

0

 

82

 

2,177

 

204

 

2,463

Reversal of
impairment losses

 

 

 

 

 

0

 

0

Balance at Dec. 31, 2011

 

42

 

 

61

 

7,146

 

1,824

 

9,073

Carrying amount at
Dec. 31, 2011

 

2,815

 

4,334

 

2,635

 

7,279

 

5,113

 

22,176

Other intangible assets comprise in particular concessions, purchased customer lists and dealer relationships, industrial and similar rights, and licenses in such rights and assets.

Sensitivity analyses have shown that it is unnecessary to recognize impairment losses on goodwill and other indefinite-lived intangible assets, including where realistic variations are applied to key assumptions.

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CHANGES IN INTANGIBLE ASSETS
BETWEEN JANUARY 1 AND DECEMBER 31, 2012

€ million

 

Brand names

 

Goodwill*

 

Capitalized costs for products under development

 

Capitalized
development
costs for
products
currently in use

 

Other
intangible
assets

 

Total*

*

Figures adjusted because of the updated purchase price allocation for MAN.

Cost Balance at Jan. 1, 2012

 

2,857

 

4,334

 

2,696

 

14,425

 

6,937

 

31,248

Foreign exchange differences

 

40

 

130

 

–3

 

25

 

–109

 

83

Changes in
consolidated Group

 

14,239

 

19,472

 

1,017

 

1,254

 

1,524

 

37,505

Additions

 

 

 

2,174

 

441

 

379

 

2,994

Transfers

 

 

 

–2,229

 

2,244

 

–14

 

1

Disposals

 

 

 

29

 

965

 

277

 

1,271

Balance at Dec. 31, 2012

 

17,135

 

23,935

 

3,627

 

17,422

 

8,441

 

70,560

Amortization and impairment Balance at Jan. 1, 2012

 

42

 

 

61

 

7,146

 

1,824

 

9,073

Foreign exchange differences

 

–1

 

 

0

 

16

 

–9

 

7

Changes in
consolidated Group

 

0

 

 

 

0

 

18

 

18

Additions to cumulative amortization

 

14

 

 

2

 

1,910

 

1,591

 

3,517

Additions to cumulative impairment losses

 

 

 

1

 

38

 

3

 

42

Transfers

 

 

 

–17

 

17

 

3

 

3

Disposals

 

 

 

 

939

 

271

 

1,210

Reversal of
impairment losses

 

 

 

20

 

28

 

0

 

48

Balance at Dec. 31, 2012

 

56

 

 

27

 

8,160

 

3,158

 

11,401

Carrying amount at
Dec. 31, 2012

 

17,079

 

23,935

 

3,599

 

9,262

 

5,282

 

59,158

The reported brand names mainly relate to Porsche (€13,823 million), Scania Vehicles and Services (€1,134 million), MAN Commercial Vehicles (€1,145 million), MAN Power Engineering (€470 million) and Ducati (€404 million).

€18,871 million of the goodwill recognized as of December 31, 2012 relates to Porsche, €3,260 million (previous year: €3,139 million) to Scania Vehicles and Services, €708 million (previous year: €505 million) to MAN Commercial Vehicles, €290 million to Ducati, €257 million (previous year: €254 million) to MAN Power Engineering, €161 million (previous year: €157 million) to ŠKODA and €152 million (previous year: €153 million) to Porsche Holding Salzburg. €176 million (previous year: €98 million) of the remaining amount relates to the Passenger Cars and Light Commercial Vehicles segment, €46 million (previous year: €15 million) to the Financial Services segment and €13 million (previous year: €13 million) to unallocated areas. The recoverability test for recognized goodwill is based on value in use and is not affected by a variation in the growth forecast or in the discount rate of +/–0.5 percentage points.

Of the total research and development costs incurred in 2012, €2,615 million (previous year: €1,666 million) met the criteria for capitalization under IFRSs.

The following amounts were recognized as expenses:

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€ million

 

2012

 

2011

Research and noncapitalized development costs

 

6,900

 

5,537

Amortization of development costs

 

1,951

 

1,697

Research and development costs
recognized in the income statement

 

8,851

 

7,234

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