P9 Intangible assets
|
Patents and other intangible assets |
Goodwill |
Total |
|---|---|---|---|
Cost |
|
|
|
At January 1, 2020 |
120 |
139 |
259 |
Additions |
4 |
– |
4 |
Divestments and disposals |
–40 |
– |
–40 |
Reclassifications |
3 |
– |
3 |
At December 31, 2020 |
87 |
139 |
226 |
|
|
|
|
Accumulated amortization |
|
|
|
At January 1, 2020 |
88 |
86 |
174 |
Divestments and disposals |
–22 |
– |
–22 |
Amortization for the year |
8 |
27 |
35 |
At December 31, 2020 |
74 |
113 |
187 |
|
|
|
|
Net carrying amount |
|
|
|
At December 31, 2020 |
13 |
26 |
39 |
|
|
|
|
Cost |
|
|
|
At January 1, 2021 |
87 |
139 |
226 |
Additions |
667 |
– |
667 |
At December 31, 2021 |
754 |
139 |
893 |
|
|
|
|
Accumulated amortization |
|
|
|
At January 1, 2021 |
74 |
113 |
187 |
Amortization for the year |
95 |
26 |
121 |
At December 31, 2021 |
169 |
139 |
308 |
|
|
|
|
Net carrying amount |
|
|
|
At December 31, 2021 |
585 |
0 |
585 |
|
2020 |
2021 |
|---|---|---|
Administrative expenses |
–35 |
–32 |
Research and development costs |
– |
–89 |
Total |
–35 |
–121 |
Accounting principles
Intangible assets
The Parent Company recognizes all expenditure for research and development conducted on a proprietary basis as an expense in profit or loss.
Amortization of intangible assets
Intangible assets are amortized on a straight-line basis over the estimated useful lives. Intangible assets are amortized from the date they are available to use. The estimated useful lives are as follows:
- Patents 10–20 years
- Goodwill 10 years
Borrowing costs
In the Parent Company, borrowing costs are expensed in the periods to which they relate. Borrowing costs for assets are not capitalized.