Company 16: Intangible Assets
|TEUR#15,455
| In TEUR | 2011 | 2010 |
|---|---|---|
| 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 |
| In TEUR | Development costs | Industrial property rights | Intangible assets under construction | Total |
|---|---|---|---|---|
| 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.
| In TEUR | Development costs | Industrial property rights | Intangible assets under construction | Total |
|---|---|---|---|---|
| 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 | 0 | 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 |