|
|
Brands |
|
Other |
|
Advance payments or payments in progress |
|
Total |
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
227.6 |
|
1,082.2 |
|
43.1 |
|
1,352.9 |
Accumulated amortization and impairment |
|
–13.8 |
|
–1,002.9 |
|
0.0 |
|
–1,016.7 |
Carrying amount as of April 1, 2014 |
|
213.8 |
|
79.3 |
|
43.1 |
|
336.2 |
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
227.6 |
|
1,093.6 |
|
57.0 |
|
1,378.2 |
Accumulated amortization and impairment |
|
–19.5 |
|
–1,013.3 |
|
–0.1 |
|
–1,032.9 |
Carrying amount as of March 31, 2015 |
|
208.1 |
|
80.3 |
|
56.9 |
|
345.3 |
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
227.6 |
|
1,263.9 |
|
56.3 |
|
1,547.8 |
Accumulated amortization and impairment |
|
–25.2 |
|
–1,108.5 |
|
0.0 |
|
–1,133.7 |
Carrying amount as of March 31, 2016 |
|
202.4 |
|
155.4 |
|
56.3 |
|
414.1 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
The column “Brands” contains brands with an indefinite useful life amounting to EUR 170.6 million. No impairments have arisen. Moreover, a capital market funding advantage associated with the brand name Böhler-Uddeholm is contained therein. The depreciation period of the capital market funding advantage is ten years.
The following table shows a reconciliation of the carrying amounts of other intangible assets for the periods presented in the consolidated financial statements as of March 31, 2016:
|
|
Brands |
|
Other |
|
Advance payments or payments in progress |
|
Total |
|
|
|
|
|
|
|
|
|
Carrying amount as of April 1, 2014 |
|
213.8 |
|
79.3 |
|
43.1 |
|
336.2 |
|
|
|
|
|
|
|
|
|
Changes in the scope of consolidated financial statements |
|
0.0 |
|
2.2 |
|
0.0 |
|
2.2 |
Additions |
|
0.0 |
|
15.7 |
|
20.9 |
|
36.6 |
Transfers |
|
0.0 |
|
7.8 |
|
–2.9 |
|
4.9 |
Disposals |
|
0.0 |
|
0.0 |
|
–4.9 |
|
–4.9 |
Amortization |
|
–5.7 |
|
–26.0 |
|
0.0 |
|
–31.7 |
Impairment |
|
0.0 |
|
–0.9 |
|
0.0 |
|
–0.9 |
Net exchange differences |
|
0.0 |
|
2.2 |
|
0.7 |
|
2.9 |
Carrying amount as of March 31, 2015 |
|
208.1 |
|
80.3 |
|
56.9 |
|
345.3 |
|
|
|
|
|
|
|
|
|
Changes in the scope of consolidated financial statements |
|
0.0 |
|
124.0 |
|
0.0 |
|
124.0 |
Additions |
|
0.0 |
|
20.1 |
|
17.8 |
|
37.9 |
Transfers |
|
0.0 |
|
19.3 |
|
–18.2 |
|
1.1 |
Disposals |
|
0.0 |
|
–0.1 |
|
0.0 |
|
–0.1 |
Amortization |
|
–5.7 |
|
–47.4 |
|
0.0 |
|
–53.1 |
Impairment |
|
0.0 |
|
–38.8 |
|
0.0 |
|
–38.8 |
Net exchange differences |
|
0.0 |
|
–2.0 |
|
–0.2 |
|
–2.2 |
Carrying amount as of March 31, 2016 |
|
202.4 |
|
155.4 |
|
56.3 |
|
414.1 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
The functional areas of cost of sales, distribution costs, administrative expenses, and other operating expenses may include amortization of intangible assets.
As of March 31, 2016, commitments for the acquisition of intangible assets amounted to EUR 5.0 million (March 31, 2015: EUR 3.7 million). Additions to “Advance payments or payments in progress” contain EUR 13.7 million (March 31, 2015: EUR 15.7 million) in capitalized development costs for a software project intended to depict cross-company business processes and business processes that have been harmonized within the Steel Division. The carrying amount as of March 31, 2016 is EUR 60.2 million (March 31, 2015: EUR 47.8 million).
Impairment losses and reversal of impairment losses
In the Metal Engineering Division, impairment losses of EUR 38.8 million were reported under intangible assets for a cash-generating unit that deals with the production of seamless tubes, as a consequence of negative market trends, in particular the considerable reduction in the prices of oil and gas. These are recognized under other operating expenses. The recoverable amount from these assets is EUR 48.2 million. The pre-tax discount rates applied are between 6.01% and 6.99%.