Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Customer portfolios, brands and business assets are intangible assets which are recognised in connection with business combinations, amortised over the useful lives shownabove.

Franchises, patents, licences, etc. consist mainly of licences acquired and amortised over their useful lives. IT systems are mainly the result of developments made by the Group and are amortised over the periods setout above.

2019 intangible assets

Customer portfolio and business assets

IT systems and other internally generated assets

Franchises, patents, licences, etc.

Other

Total

in € millions

Acquisition cost Gross value at 31 December 2018

54.2

38.8

100.8

7.1 0.1

200.8

Acquisitions

- - - -

1.9

8.8

10.8 (7.5) (0.3)

Disposals/Retirements

(3.5) (0.1)

(3.2) (0.3) (1.4)

(0.8)

Changes in scope of consolidation Transfers and other movements Reclassification to assets held for sale Gross value at 31 December 2019

-

1.3

0.2

0.1

(0.1) 54.1

(4.3) 34.1

(34.2)

(0.2)

(38.8) 165.1

70.5

6.4

Depreciation and impairment Accumulated depreciation at 31 December 2018

(30.4)

(27.3)

(54.2)

(5.6)

(117.5)

Additions

(2.0)

(3.4)

(12.8)

(0.3)

(18.5)

Disposals/Retirements

- - - -

1.7 0.1

2.3 0.1

- - -

4.0

Changes in scope of consolidation Transfers and other movements Reclassification to assets held for sale

0.1

0.4 2.2

(0.4)

-

21.4

0.2

23.8

Accumulated depreciation at 31 December 2019

(32.4)

(26.5)

(43.4)

(5.6)

(107.8)

Net book value at 31 December 2018

23.8

11.5

46.6

1.5

83.4

Net book value at 31 December 2019

21.7

7.7

27.1

0.8

57.2

200 2020 annual report