Chrysler 2013 Annual Report Download - page 294

293
Fiat S.p.A. Statutory
Financial Statements
at 31 December 2013
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 2013, intangible assets totaled €1,606 thousand, reflecting the following changes during the year:
(€ thousand)
31 December
2012 Increases Amortization
(Decreases) and
Other changes
31 December
2013
Goodwill
- Gross carrying amount 1,330 100 - - 1,430
- Accumulated amortization - - - - -
- Net carrying amount 1,330 100 - - 1,430
Licenses and software
- Gross carrying amount 322 13 - - 335
- Accumulated amortization (198) - (112) - (310)
- Net carrying amount 124 13 (112) - 25
Other intangible assets
- Gross carrying amount 468 - - - 468
- Accumulated amortization (277) - (40) - (317)
- Net carrying amount 191 - (40) - 151
Total intangible assets
- Gross carrying amount 2,120 113 - - 2,233
- Accumulated amortization (475) - (152) - (627)
- Accumulated impairment losses -----
- Net carrying amount 1,645 113 (152) - 1,606
Goodwill consists of the 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, as well as the corporate services business acquired at the beginning of
2013, which also provides services to Fiat S.p.A. and Group companies (see Note 5).
Licenses and software represents the cost of software, both internally-developed and purchased, which is amortized over its estimated useful
life (3 years) from the time 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).