Chrysler 2009 Annual Report Download - page 302

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10. Intangible assets
All intangible assets have been purchased and none of these have an indefinite useful life.
At 31 December 2009, intangible assets totalled €313 thousand and were subject to the following changes during the year:
At (Decreases) and At
(€ thousand) 31 December 2008 Additions Amortisation Other changes 31 December 2009
Gross carrying amount 628 (55) 573
Accumulated amortisation (253) (62) 55 (260)
Net carrying amount 375 (62) - 313
Intangible assets consist of leasehold improvements, which are amortised over the term of the lease agreement (4 and 12 years).
Amortisation on intangible assets is recognised in the income statement under other operating costs (Note 6).
During 2008, changes in intangible assets were as follows:
At (Decreases) and At
(€ thousand) 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 rights included the cost of developing and registering brands and trademarks owned by the Company, while intangible
assets under development and advances related to costs incurred for registrations pending. The decrease in both items was attributable to the sale of
trademarks at the end of 2008.