Audi 2013 Annual Report Download - page 248

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
CONSOLIDATED FINANCIAL STATEMENTS
245
B
NOTES TO THE BALANCE SHEET
14 / INTANGIBLE ASSETS
EUR million Dec. 31, 2013 Dec. 31, 2012
Concessions, industrial proper iand similar
rights and assets, as well as licenses thereto 403 429
Brand names 418 421
of which Automotive 14 17
of which Motorcycles 404 404
Goodwill 378 378
of which Automotive 88 88
of which Motorcycles 290 290
Capitalized development costs 3,489 2,810
of which products currently under construction 1,833 834
of which products currently in use 1,656 1,976
Payments on account for intangible assets 1 1
Intangible assets 4,689 4,038
The reported goodwill retained its value during the fiscal year.
The value is also deemed to be retained in the event of a variation
in the growth forecast and/or discounting rate of
+/–0.5 percentage points.
// RESEARCH AND DEVELOPMENT EXPENDITURE RECOGNIZED AS AN EXPENSE
EUR million 2013 2012
Research expense and non-capitalized development costs 2,759 2,513
Depreciation/amortization and reversals on capitalized development costs 528 429
Research and development expenditure 3,287 2,942
During the 2013 fiscal year, a total of EUR 3,966 (3,435)
million was spent on research and development. Of this total,
EUR 1,207 (923) million was capitalized. The capitalization
rate is 30.4 (26.9) percent.
15 / PROPERTY, PLANT AND EQUIPMENT
EUR million Dec. 31, 2013 Dec. 31, 2012
Land, land rights and buildings, including buildings on third-party land 3,158 2,519
Plant and machinery 1,594 1,290
Other plant and office equipment 2,153 2,278
Payments on account and assets under construction 1,508 1,518
Property, plant and equipment 8,413 7,605
of which finance leases 24 20
There is no purchase option with regard to the land and build-
ings leased on the basis of a financial lease agreement. The rate
of interest on which the agreement is based is 3.5 percent.