11. Other intangible assets

The “Brands” column contains brands with an indefinite useful life amounting to EUR 170.6 million. It also includes a capital market funding advantage associated with the brand name Böhler-Uddeholm. The amortization period of the capital market funding advantage is ten years.

Intangible assets with unlimited useful life

The following cash-generating units and groups of cash-generating units contain brands with indefinite useful lives:

The period during which these trademark rights are expected to generate cash flows is not subject to a foreseeable limit. Trademark rights are therefore not subject to wear and tear and are not amortized. No impairments have arisen.

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, 2018:

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, 2018, commitments for the acquisition of intangible assets amounted to EUR 0.2 million (March 31, 2017: EUR 1.0 million). Additions to “Advance payments or payments in progress” contain EUR 8.0 million (March 31, 2017: EUR 15.1 million) in capitalized development costs for a software project intended to map cross-company business processes and business processes that have been harmonized within the Steel Division. The carrying amount in the other intangible assets as of March 31, 2018, amounts to EUR 82.3 million (March 31, 2017: EUR 76.9 million); the expected useful life is ten years.

Impairment losses and reversal of impairment losses

In the business year 2017/18, the Metal Engineering Division recognized impairment losses of EUR 3.5 million (2016/17: EUR 0.0 million) on intangible assets under other operating expenses. Detailed information on this impairment is outlined in chapter 9. Property, plant and equipment.