Audi 2008 Annual Report Download - page 215

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196
NOTES TO THE BALANCE SHEET
14 Intangible assets
EUR million Dec. 31, 2008 Dec. 31, 2007
Concessions, industrial property rights and similar rights and assets,
as well as licenses thereto 170 99
Capitalized development costs
Products currently under development 488 472
Products currently in use 1,452 1,451
Payments on account for intangible assets 2
Total 2,112 2,022
Research and development expenditure recognized as an expense
EUR million 2008 2007
Research expense and non-capitalized development costs 1,631 1,570
Amortization and disposals of capitalized development costs 530 656
Total 2,161 2,226
A total of EUR 2,178 (2,067) million was spent on research and development in the 2008 fiscal
year. Of this total, EUR 547 (497) million fulfilled the capitalization criteria set out in IAS 38.
15 Property, plant and equipment
EUR million Dec. 31, 2008 Dec. 31, 2007
Land, land rights and buildings, including buildings on land owned by others 1,999 1,748
Plant and machinery 1,211 1,236
Other plant and office equipment 2,033 1,743
of which finance leases 1 3
Payments on account and assets under construction 603 451
Total 5,846 5,178
The carrying amounts in the case of finance leases correspond to the fair values.
Payments totaling EUR 83 (67) million for assets rented on the basis of operating lease agree-
ments were recognized as an expense.
There are no significant restrictions on ownership and disposal for the reported property, plant
and equipment.
16 Investment property
Land and buildings held for the purpose of generating rental income (investment property) are
reported under investment property pursuant to IAS 40. The fair value of investment property,
based on valuations, was EUR 7 (12) million.