Audi 2014 Annual Report Download - page 244

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
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NOTES TO THE BALANCE SHEET
14 / INTANGIBLE ASSETS
EUR million Dec. 31, 2014 Dec. 31, 2013
Concessions, industrial property rights and similar
rights and assets, as well as licenses thereto 375 403
Brand names 416 418
of which Automotive 12 14
of which Motorcycles 404 404
Goodwill 378 378
of which Automotive 88 88
of which Motorcycles 290 290
Capitalized development costs 4,120 3,489
of which products currently under construction 2,492 1,833
of which products currently in use 1,627 1,656
Payments on account for intangible assets 3 1
Intangible assets 5,292 4,689
The reported goodwill retained its value during the fiscal year.
The value is also deemed retained in the event of a variation in
the growth forecast and/or discounting rate of +/–0.5 per-
centage points.
// RESEARCH AND DEVELOPMENT EXPENDITURE RECOGNIZED AS AN EXPENSE
EUR million 2014 2013
Research expense and non-capitalized development costs 3,005 2,759
Amortization of and impairment losses (reversals) on capitalized
development costs 681 528
Research and development expenditure 3,685 3,287
During the 2014 fiscal year, a total of EUR 4,316 (3,966) million
was spent on research and development. Of this total,
EUR 1,311 (1,207) million was capitalized. The capitalization
rate is 30.4 (30.4) percent.
15 / PROPERTY, PLANT AND EQUIPMENT
EUR million Dec. 31, 2014 Dec. 31, 2013
Land, land rights and buildings,
including buildings on third-party land 3,743 3,158
Plant and machinery 1,840 1,594
Other plant and office equipment 2,180 2,153
Payments on account and assets under construction 1,910 1,508
Property, plant and equipment 9,673 8,413
of which finance lease 25 24
There is no purchase option with regard to the land and build-
ings rented on the basis of a finance lease. The leases are
based on a maximum interest rate of 3.5 (3.5)
percent.