10. Goodwill and other intangible assets

The following table shows the reconciliation of the carrying amounts of goodwill for the periods presented in the Consolidated Financial Statements as of March 31, 2023:

Details on the impairment of goodwill are explained in Note 11. Impairment losses and reversal of impairment losses.

The “Trademarks” column contains trademarks with an indefinite useful life in the amount of EUR 170.6 million (2021/22: EUR 170.6 million). In the previous business year, it also included a capital market funding advantage associated with the brand name “Böhler-Uddeholm.” The capital market funding advantage was amortized over a period of ten years ending in the business year 2021/22.

Intangible assets with an unlimited useful life

The following cash generating units (CGUs) and groups of CGUs contain trademarks 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, 2023:

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

As of March 31, 2023, commitments for the acquisition of intangible assets were EUR 0.0 million (March 31, 2022: EUR 0.1 million). As of March 31, 2023, other intangible assets (column “Other”) include a software project designed to map business processes across companies and business processes that have been harmonized in the Steel Division, with a carrying amount of EUR 29.7 million (March 31, 2022: EUR 44.5 million) and a remaining useful life of three years.