11. Other intangible assets

The “Brands” column contains brands with an indefinite useful life in the amount of 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 an unlimited useful life

The following CGUs and groups of CGUs contain brands with an indefinite useful life:

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

The following table shows the reconciliation of the carrying amounts of the other intangible assets for the periods presented in the Consolidated Financial Statements as of March 31, 2019:

The functional classifications—cost of sales, distribution costs, administrative expenses, and other operating expenses—may include amortization of intangible assets.

As of March 31, 2019, commitments for the acquisition of intangible assets were EUR 0.1 million (March 31, 2018: EUR 0.2 million). Additions to “Advance payments or payments in progress” contain EUR 13.8 million (March 31, 2018: EUR 8.0 million) in capitalized development costs for a software project intended to map cross-company business processes and business processes that have been harmonized across the Steel Division. The carrying amount in the other intangible assets as of March 31, 2019, is EUR 89.0 million (March 31, 2018: EUR 82.3 million), and the expected useful life is ten years.

Impairment losses and reversal of impairment losses

In the business year 2018/19, the Metal Engineering Division recognized EUR 6.9 million in reversals of impairment losses (2017/18: EUR 0.0 million) on intangible assets in other operating income for a CGU that engages in the production of seamless tubes. The recoverable amount of these assets is EUR 32.5 million. The discount rates applied are between 6.15% and 7.38% before tax.

In the previous year, the CGU of the Metal Engineering Division that produces special drawn wire (ultrafine wire) recognized impairment losses of EUR 3.5 million on intangible assets in other operating expenses. Detailed information on this impairment is contained in Note 9. Property, plant and equipment.