Chrysler 2014 Annual Report Download - page 192

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190 2014 | ANNUAL REPORT
Consolidated
Financial Statements
Notes to the Consolidated
Financial Statements
13. Goodwill and intangible assets with indefinite useful life
Goodwill and intangible assets with indefinite useful life as at December 31, 2014 and at December 31, 2013 are
summarized below:
At
December 31,
2013
Change in the
scope of
consolidation
Impairment
losses
Translation
differences
and
other changes
At
December 31,
2014
(€ million)
Gross amount 10,283 — — 1,218 11,501
Accumulated impairment losses (443) — — 1 (442)
Goodwill 9,840 — — 1,219 11,059
Brands 2,600 — — 353 2,953
Total Goodwill and intangible assets with
indefinite useful lives 12,440 — — 1,572 14,012
At
December 31,
2012
Change in the
scope of
consolidation
Impairment
losses
Translation
differences
and
other changes
At
December 31,
2013
(€ million)
Gross amount 10,645 15 — (377) 10,283
Accumulated impairment losses (413) — — (30) (443)
Goodwill 10,232 15 — (407) 9,840
Brands 2,717 — — (117) 2,600
Total Goodwill and intangible assets with
indefinite useful lives 12,949 15 — (524) 12,440
Foreign exchange effects in 2014 and in 2013 amounted to €1,572 million and €524 million, respectively, and arose
mainly from changes in the U.S. Dollar/Euro rate.
Changes in the scope of consolidation in 2013 included the effects of the consolidation of the VM Motori group from
July 1, 2013 resulting from the acquisition of the remaining 50.0 per cent interest.
Brands
Brands arise from the NAFTA segment and are comprised of 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, the carrying value of Brands, which is allocated to the NAFTA segment, is
tested jointly with the Goodwill allocated to the NAFTA segment.