4.3.14Intangible Assets
2019
|
Development costs |
Goodwill |
Software |
Patents |
Total |
|
|---|---|---|---|---|---|
|
Cost |
27 |
- |
13 |
19 |
60 |
|
Accumulated amortization and impairment |
(12) |
- |
(9) |
(19) |
(41) |
|
Book value at 1 January |
15 |
- |
4 |
0 |
19 |
|
Additions |
7 |
- |
2 |
- |
9 |
|
Amortization |
(4) |
- |
(2) |
- |
(6) |
|
Other movements |
- |
- |
1 |
- |
1 |
|
Total movements |
3 |
- |
2 |
- |
4 |
|
Cost |
34 |
- |
16 |
19 |
70 |
|
Accumulated amortization and impairment |
(16) |
- |
(11) |
(19) |
(46) |
|
Book value at 31 December |
18 |
- |
5 |
0 |
23 |
2018
|
Development costs |
Goodwill |
Software |
Patents |
Total |
|
|---|---|---|---|---|---|
|
Cost |
23 |
25 |
12 |
19 |
79 |
|
Accumulated amortization and impairment |
(9) |
- |
(8) |
(19) |
(36) |
|
Book value at 1 January |
14 |
25 |
3 |
- |
42 |
|
Additions |
4 |
- |
2 |
- |
6 |
|
Amortization |
(4) |
- |
(1) |
- |
(5) |
|
(Impairment)/impairment reversal |
- |
(25) |
- |
- |
(25) |
|
Foreign currency variations |
- |
- |
(0) |
- |
(0) |
|
Other movements |
- |
- |
(0) |
- |
(0) |
|
Total movements |
1 |
(25) |
0 |
- |
(23) |
|
Cost |
27 |
25 |
13 |
19 |
84 |
|
Accumulated amortization and impairment |
(12) |
(25) |
(9) |
(19) |
(65) |
|
Book value at 31 December |
15 |
- |
4 |
0 |
19 |
In 2019, the Company did not recognize any impairment related to intangible assets. In 2018, the Company has fully impaired its goodwill related to Houston based subsidiaries at amount of US$25 million.
Amortization of development costs is included in ’Research and development expenses’ in the income statement in 2019 for US$ (4) million (2018: US$4 million).