Chrysler 2013 Annual Report Download - page 165

164 Consolidated
Financial Statements
at 31 December 2013
Notes
13. Goodwill and intangible assets with indefinite useful lives
In 2013 and 2012, changes in Goodwill and intangible assets with indefinite useful lives were as follows:
(€ million)
At 31 December
2012
Change in
the scope of
consolidation
Impairment
losses
Translation
differences and
other changes
At 31 December
2013
Gross amount 10,644 15 - (377) 10,282
Accumulated impairment losses (414) - - (29) (443)
Goodwill 10,230 15 - (406) 9,839
Brands 2,717 - - (117) 2,600
Goodwill and intangible assets with indefinite useful lives 12,947 15 - (523) 12,439
(€ million)
At 31 December
2011
Change in
the scope of
consolidation
Impairment
losses
Translation
differences and
other changes
At 31 December
2012
Gross amount 10,864 - - (220) 10,644
Accumulated impairment losses (421) - - 7 (414)
Goodwill 10,443 - - (213) 10,230
-
Brands 2,770 - - (53) 2,717
Goodwill and intangible assets with indefinite useful lives 13,213 - - (266) 12,947
Foreign exchange effects in 2013 and in 2012 arose mainly from changes in the US Dollar/Euro rate and amount to €523 million and
€266 million, respectively.
Changes in the scope of consolidation includes the effects of the consolidation of the VM Motori group from the 1st July 2013, as discussed
in the section Scope of consolidation.
Brands
Brands arise from the NAFTA region and comprise the Chrysler, Jeep, Dodge, Ram and Mopar brands. These rights are protected legally
through registration with government agencies and through the continuous use in commerce. As these rights have no legal, contractual,
competitive or economic term that limits their useful lives, they are classified as intangible assets with indefinite useful lives, and are therefore
not amortized.
For the purpose of impairment testing, Brands and Goodwill are tested jointly and the carrying amount of Brands is allocated to the NAFTA
operating segment.