Deutsche Post Annual Report 2008 - 26 Intangible assets

26 Intangible assets

26.1 Overview


€m
	Internally generated intangible assets	Purchased brand names	Purchased customer lists	Other purchased intangible assets	Goodwill	Advance payments and intangible assets under development	Total
Cost
Balance at 1 January 2007	1,185	898	1,040	1,828	11,743	130	16,824
Additions to consolidated group	0	11	78	5	296	0	390
Additions	136	0	0	114	121	101	472
Reclassifications	16	0	0	13	0	–39	–10
Disposals	–27	0	–70	–147	–1	–36	–281
Currency translation differences	–12	–51	–62	–40	–389	–3	–557
Balance at 31 December 2007/1 January 2008	1,298	858	986	1,773	11,770	153	16,838
Additions to consolidated group	0	3	54	4	180	0	241
Additions	129	0	0	142	118	74	463
Reclassifications	38	0	0	103	0	–120	21
Disposals	–455	–318	–176	–604	–649	8	–2,194
Currency translation differences	0	–133	–73	–16	–230	–7	–459
Balance at 31 December 2008	1,010	410	791	1,402	11,189	108	14,910
Amortisation and impairment losses/reversals
Balance at 1 January 2007	582	0	88	1,044	440	18	2,172
Additions to consolidated group	0	0	0	2	0	0	2
Amortisation	146	0	83	261	0	0	490
Impairment losses	54	0	0	30	0	13	97
Reclassifications	–8	0	0	8	0	0	0
Reversal of impairment losses	0	0	0	0	0	0	0
Disposals	–10	0	0	–105	0	0	–115
Currency translation differences	–5	0	7	–35	0	–1	–34
Balance at 31 December 2007/1 January 2008	759	0	178	1,205	440	30	2,612
Additions to consolidated group	0	0	0	1	0	0	1
Amortisation	113	382	90	213	0	0	798
Impairment losses	64	0	0	11	610	4	689
Reclassifications	–1	0	0	–1	0	0	–2
Reversal of impairment losses	–2	0	0	–6	0	0	–8
Disposals	–258	0	–28	–496	–9	0	–791
Currency translation differences	6	0	–22	–1	0	1	–16
Balance at 31 December 2008	681	382	218	926	1,041	35	3,283
Carrying amount at 31 December 2008	329	28	573	476	10,148	73	11,627
Carrying amount at 31 December 2007	539	858	808	568	11,330	123	14,226

Purchased software, concessions, industrial rights, licences and similar rights and assets are reported under purchased intangible assets. Internally generated intangible assets relate to development costs for internally developed software.

The net disposals mainly relate to the reclassification of the balance sheet items of the Deutsche Postbank Group as assets held for sale in accordance with IFRS 5.

The addition in terms of purchased customer lists relates mainly to DHL Logistics China (€56 million – value at the time of purchase price allocation). The BHW customer list recognised in earlier years (previous year: €156 million) was reclassified in the amount of €145 million in accordance with IFRS 5.

Changes in brand names relate to the Exel brand name, which was written down in full in the amount of €382 million, and the reclassification of the BHW brand name (€319 million) in accordance with IFRS 5.

Goodwill additions and/or additions from changes to the consolidated group primarily relate to DHL Logistics China (€31 million) and to Polar Air Cargo (provisional goodwill of €100 million).

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