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Home > Financials > Consolidated Financial Statements > Notes > 14. Intangible Assets |
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| C. NOTES TO THE CONSOLIDATED BALANCE SHEET |
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14. INTANGIBLE ASSETS
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Licenses, trademarks similar rights and other intangibles |
Goodwill |
Total |
| €(000) |
€(000) |
€(000) |
| Purchase cost |
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| 1/1/2004 |
232,645 |
444,880 |
677,525 |
| Exchange rate differences |
-7,229 |
-19,512 |
-26,741 |
| Additions |
39,021 |
126,935 |
165,956 |
| Retirements/disposals |
-2,426 |
0 |
-2,426 |
| 12/31/2004 |
262,011 |
552,303 |
814,314 |
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| Accumulated amortization |
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| 1/1/2004 |
156,430 |
99,759 |
256,189 |
| Exchange rate differences |
-5,775 |
-4,163 |
-9,938 |
| Additions |
45,203 |
0 |
45,203 |
| Retirements/disposals |
-2,033 |
0 |
-2,033 |
| 12/31/2004 |
193,825 |
95,596 |
289,421 |
| Book value 12/31/2004 |
68,186 |
456,707 |
524,893 |
| Book value 12/31/2003 |
76,215 |
345,121 |
421,336 |
The additions to goodwill include additions from the acquisitions discussed in Note 4 as well as certain minor purchase adjustments related to prior acquisitions.
All of SAP’s intangible assets, other than goodwill and the aggregate minimum pension liability offset (€25 thousand) included in other intangibles, are subject to amortization. Intangibles consist of two major asset classes:
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| (in thousands of €, except amortization period) |
Software and
database
licenses |
Acquired
technology |
Other |
Licenses,
trademarks,
similar rights
and other
intangibles |
| December 31, 2004 |
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| Purchase cost |
139,533 |
110,036 |
12,442 |
262,011 |
| Accumulated amortization |
112,264 |
73,350 |
8,211 |
193,825 |
| thereof additions in 2004 |
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| Purchase cost |
16,699 |
12,402 |
9,920 |
39,021 |
| Weighted average amortization period in years |
3.0 |
4.8 |
3.0 |
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| December 31, 2003 |
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| Purchase cost |
125,056 |
96,422 |
11,167 |
232,645 |
| Accumulated amortization |
98,360 |
53,651 |
4,419 |
156,430 |
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During 2004, the Company acquired software and database licenses from third parties. Software and database licenses consist primarily of technology for internal use whereas acquired technology consists primarily of technology to be incorporated into the Group’s products. The additions to software and database licenses in 2004 were acquired from third parties, whereas the additions to acquired technology and other result from the acquisitions discussed in Note 4.
Other consists primarily of trademark licenses and customer contracts acquired. For further information refer to Note 4.
The estimated aggregate amortization expense for intangible assets for each of the five succeeding years ending December 31 is as follows:
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€(000) |
| 2005 |
31,591 |
| 2006 |
17,897 |
| 2007 |
7,111 |
| 2008 |
3,480 |
| 2009 |
2,341 |
| thereafter |
5,741 |
The carrying amount of goodwill by reportable segment as of December 31, 2004 and 2003, is as follows (for further information see Note 33):
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12/31/2004 |
Thereof
additions
in 2004 |
12/31/2003 |
Thereof
additions
in 2003 |
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€(000) |
€(000) |
€(000) |
€(000) |
| Product |
198,046 |
1,745 |
215,062 |
13,467 |
| Consulting |
252,675 |
125,190 |
119,921 |
36,441 |
| Training |
5,986 |
0 |
10,138 |
0 |
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456,707 |
126,935 |
345,121 |
49,908 |
The additions in 2004 include certain minor adjustments related to prior acquisitions.
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