Chrysler 2012 Annual Report Download - page 272

271
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2012
9. Intangible assets
All intangible assets have been purchased and, apart from goodwill, there are no intangible assets with an indefinite useful life.
At 31 December 2012, intangible assets totaled €1,645 thousand and underwent the following changes during the year:
(€ thousand)
31 December
2011 Increases Amortization
(Decreases) and
Other changes
31 December
2012
Goodwill
- Gross carrying amount 1,330 - - - 1,330
- Accumulated amortization - - - - -
- Net carrying amount 1,330 - - - 1,330
Licenses and software
- Gross carrying amount 273 49 - - 322
- Accumulated amortization (91) - (107) - (198)
- Net carrying amount 182 49 (107) - 124
Other intangible assets
- Gross carrying amount 468 - - - 468
- Accumulated amortization (236) - (41) - (277)
- Net carrying amount 232 - (41) - 191
Total intangible assets
- Gross carrying amount 2,071 49 - - 2,120
- Accumulated amortization (327) - (148) - (475)
- Accumulated impairment losses -----
- Net carrying amount 1,744 49 (148) - 1,645
Goodwill relates to consideration paid in excess of fair value to acquire, at year-end 2011, the business units that provide internal audit and financial advisory
services to Fiat S.p.A. and Group companies.
Licenses and software relates to costs incurred for software, both internally-developed and purchased, which is amortized over its estimated useful life
(3 years) from the time completed and fully operational.
Other intangible assets essentially consist of leasehold improvements, which are amortized over the term of the lease agreement (12 years).
Amortization on intangible assets is recognized in the income statement under other operating costs (Note 6).