Chrysler 2007 Annual Report Download - page 131

130 Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
Translation
At Changes in Reclassified differences At
December 31, Impairment the scope of to Assets and other December 31,
(in millions of euros) 2005 Additions Amortisation losses Divestitures consolidation held for sale changes 2006
Goodwill 2,418 781 – (48) – (57) (6) (238) 2,850
Trademarks and other intangible
assets with indefinite useful lives 222 1 – – – – – (44) 179
- Development costs externally acquired 1,155 414 (287) (2) (6) (1) – 102 1,375
- Development costs internally generated 1,448 399 (329) (5) – – (1) (111) 1,401
Total Development costs 2,603 813 (616) (7) (6) (1) (1) (9) 2,776
Patents, concessions and licenses
externally acquired 469 81 (148) – (1) (3) – 38 436
Other intangible assets externally
acquired 137 38 (58) – (2) (12) (1) 26 128
Advances and intangible assets
in progress externally acquired 94 19 – – – – – (61) 52
Total net carrying amount
of Intangible assets 5,943 1,733 (822) (55) (9) (73) (8) (288) 6,421
The increase of 87 million euros in the Total net carrying amount of Intangible assets arising in 2007 from the Change in the scope
of consolidation mainly represents the goodwill arising from the following purchases: After Market Parts and Services group 63
million euros, I.T.C.A. group 13 million euros and Teksid Aluminum S.r.l. 7 million euros. In 2006 this item mainly reflected the
deconsolidation of the entities transferred to the FAFS joint venture.
Foreign exchange losses of 216 million euros in 2007 (losses of 273 millions euros in 2006) principally reflect changes in the
Euro/U.S. dollar exchange rate. The item Other changes includes a reclassification of 57 million euros of expenditure on software
previously improperly reported as Property, plant and equipment.
Goodwill, trademark and intangible assets with indefinite useful life
Goodwill is allocated to the group’s cash-generating units (“CGUs”) identified according to business segment. The following table
presents the allocation of goodwill across the Sectors:
(in millions of euros) At December 31, 2007 At December 31, 2006
Agricultural and Construction Equipment 1,626 1,794
Ferrari 786 786
Production Systems 138 153
Component 87 46
Trucks and Commercial Vehicles 56 56
Metallurgical Products 18 11
Fiat Group Automobiles 10 –
Others & Holdings 34
Goodwill net carrying amount 2,724 2,850
Trademarks and other intangible assets with indefinite useful lives, attributable for 158 million euros to the CNH – Case New
Holland, consist of trademarks and similar rights from which, based on the competitive environment, the Group expects to be able
to obtain a positive contribution to its cash flows for an indefinite period of time.