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Company 16: Intangible Assets

|TEUR#15,455
In TEUR20112010
Long-term deferred development costs 8.978 9.222
Long-term industrial property rights 5.149 5.087
Intangible assets under construction 1.328 1.119
Total 15.455 15.428
Movements in intangible assets in 2011
In TEURDevelopment costsIndustrial property rightsIntangible assets under constructionTotal
Cost at 1 January 2011 19.308 14.008 1.118 34.434
Acquisition     2.595 2.595
Disposal, write-down -46     -46
Transfer 1.604 781 -2.385 0
Cost at 31 December 2011 20.866 14.789 1.328 36.983
         
Accumulated amortisation at 1 Jan 2011 10.086 8.921 0 19.007
Disposal, write-down -46     -46
Amortisation expense 1.848 719   2.567
Accumulated amortisation at 31 Dec 2011 11.888 9.640 0 21.528
         
Carrying amount at 1 January 2011 9.222 5.087 1.118 15.427
Carrying amount at 31 December 2011 8.978 5.149 1.328 15.455

An increase in long-term development costs is largely due to the development of combined refrigerators, width 750, for the US market in the amount of TEUR 767 and the development of packaging in the amount of TEUR 266. Long-term industrial property rights include investments in the software in the amount of TEUR 407 and the upgrade of the information systems in the amount of TEUR 123.

Intangible assets under construction mainly relate to the property rights, the development of induction cooking ranges, and the development of a new generation of 10 kg washing machines and dryers.

Movements in intangible assets in 2010
In TEURDevelopment costsIndustrial property rightsIntangible assets under constructionTotal
Cost at 1 January 2010 20.343 16.712 563 37.618
Acquisition     1.923 1.923
Disposal, write-down -1.704 -3.402   -5.106
Transfer 669 698 -1.367 0
Cost at 31 December 2010 19.308 14.008 1.119 34.435
         
Accumulated amortisation at 1 Jan 2010 10.733 10.886 21.619
Disposal, write-down -2.118 -2.988   -5.106
Amortisation expense 1.471 1.023   2.494
Accumulated amortisation at 31 Dec 2010  10.086 8.921 0 19.007
         
Carrying amount at 1 January 2010 9.610 5.826 563 15.999
Carrying amount at 31 December 2010 9.222 5.087 1.119 15.428