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Last Update: 03/12/2009
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Part of the audited Consolidated Financial Statements and Management´s Analysis

11 -- Intangible assets

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Development 2008 (million €)

 

 

 

 

 

 

Distribution, supply and similar rights

Product rights, licenses and trademarks

Know-how, patents and production technology

Internally generated intangible assets

Other rights and values1

Goodwill

Total

1

Including licenses on such rights and values

Acquisition costs

 

 

 

 

 

 

 

Balance as of January 1, 2008

3,472

1,165

1,651

135

789

4,305

11,517

Changes in scope of consolidation

(1)

.

.

1

5

5

Additions

29

327

19

17

53

380

825

Disposals

(17)

(9)

(47)

(22)

(25)

(16)

(136)

Transfers

2

23

(3)

1

177

34

234

Exchange differences

(119)

12

12

2

16

40

(37)

Balance as of
December 31, 2008

3,366

1,518

1,632

133

1,011

4,748

12,408

Amortization

 

 

 

 

 

 

 

Balance as of January 1, 2008

459

417

545

80

457

1,958

Changes in scope of consolidation

.

.

.

.

.

.

Additions

214

82

139

22

145

16

618

Disposals

(17)

(7)

(48)

(21)

(24)

(16)

(133)

Transfers

.

20

.

.

21

41

Exchange differences

12

7

5

1

10

35

Balance as of
December 31, 2008

668

519

641

82

609

2,519

Net carrying amount as of December 31, 2008

2,698

999

991

51

402

4,748

9,889

Additions of €303 million for exploration licenses for the British and Norwegian North Sea resulted from the acquisition of Revus Energy ASA and its preliminary purchase price allocation in 2008.

In 2008, impairments of €37 were taken. Disposals of goodwill related, among other things, to impairment charges of €9 million as part of the restructuring of the Styrenics business. Impairments are reported under other operating expenses.

Concessions for oil and gas production with a net carrying amount of €362 million in 2008 and €62 million in 2007 convey the right to produce oil and gas at certain sites. To a limited extent, these rights entail obligations to deliver a portion of the produced amount to local companies. At the end of the term of a concession, the rights are returned.

The amounts recorded under transfers resulted primarily from the reclassification of assets held for sale as intangible assets.
More information on the reclassification of the disposal group can be found in Note 2

The valuation adjustments of emission rights as of the balance sheet date are included in the line item transfers in the column ‘Other rights and values’.

There were no material write-ups in 2008.

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Development 2007 (million €)

 

 

 

 

 

 

Distribution, supply and similar rights

Product rights, licenses and trademarks

Know-how, patents and production technology

Internally generated intangible assets

Other rights and values1

Goodwill

Total

1

Including licenses on such rights and values

Acquisition costs

 

 

 

 

 

 

 

Balance as of January 1, 2007

1,835

1,212

1,684

215

964

4,713

10,623

Changes in scope of consolidation

6

2

2

6

16

Additions

1,773

6

6

20

45

11

1,861

Disposals

(10)

(2)

(28)

(95)

(68)

(91)

(294)

Transfers

1

(25)

34

.

(108)

31

(67)

Exchange differences

(133)

(26)

(47)

(5)

(46)

(365)

(622)

Balance as of
December 31, 2007

3,472

1,165

1,651

135

789

4,305

11,517

Amortization

 

 

 

 

 

 

 

Balance as of January 1, 2007

297

377

427

150

451

1,702

Changes in scope of consolidation

.

.

1

1

2

Additions

178

83

143

26

120

65

615

Disposals

(7)

(2)

(28)

(94)

(62)

(65)

(258)

Transfers

7

(28)

7

(31)

(45)

Exchange differences

(16)

(13)

(5)

(2)

(22)

(58)

Balance as of
December 31, 2007

459

417

545

80

457

1,958

Net carrying amount as of December 31, 2007

3,013

748

1,106

55

332

4,305

9,559

Additions in 2007 resulted primarily from the asset swap with Gazprom and the associated intangible assets from the marketing contract for the natural gas from the Yuzhno Russkoye gas field.

Impairment losses of €84 million in 2007 related to goodwill and various intangible assets. These were reported under other operating expenses.

There were no material write-ups.

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