Chrysler 2008 Annual Report Download - page 280

Balance Sheet
10. Intangible assets
All intangible assets were acquired from third parties. There were no intangible assets with an indefinite useful life.
In 2008 changes in Intangible assets were as follows:
At (Decreases) and At
(€ thousands) 31 December 2007 Additions Amortisation Other changes 31 December 2008
Concessions, licences and similar rights
- Gross carrying amount 1,050 33 – (1,083) –
- Accumulated amortisation (991) – – 991 –
- Net carrying amount 59 33 – (92) –
Other intangible assets
- Gross carrying amount 615 13 – – 628
- Accumulated amortisation (143) – (110) – (253)
- Net carrying amount 472 13 (110) – 375
Intangible assets under development and advances
- Gross carrying amount 280 67 – (347) –
- Accumulated amortisation – – – – –
- Net carrying amount 280 67 – (347) –
Total Intangible assets
- Gross carrying amount 1,945 113 – (1,430) 628
- Accumulated amortisation (1,134) – (110) 991 (253)
- Net carrying amount 811 113 (110) (439) 375
Concessions, licences and similar includes the cost of developing and registering brands and trademarks owned by the Company,
while Intangible assets under development and advances relates to costs incurred for registrations still in course at year end. The
decrease in both items is attributable to the sale of the brands described in Note 7.
Other intangible assets relates to leasehold improvements, which are amortised over the term of the related lease (4 and 12 years).
Amortisation of intangible assets is recognised under Other operating costs in the income statement (Note 6).
Fiat S.p.A. Statutory Financial Statements at 31 December 2008 279