Mercedes 2003 Annual Report Download - page 142
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12. Goodwill
Information with respect to changes in the Group’s goodwill is pre-
sented in the Consolidated Fixed Asset Schedule included herein.
In 2003, goodwill of €26 million (2002: €61 million) was recorded
in connection with the acquisition of dealerships in Europe and €20
million (2002: €71 million) was recorded in connection with certain
other acquisitions, each of which were immaterial individually and
in the aggregate. In 2002, a goodwill impairment charge of €40
million was recognized in connection with the contracted sales of
two businesses in the Commercial Vehicles segment (see Note 4).
The remaining changes in the carrying amount of goodwill primarily
relate to currency translation adjustments.
At December 31, 2003, the carrying value of goodwill, excluding
investor level goodwill, allocated to the Group’s reportable seg-
ments are: Mercedes Car Group €160 million (2002: €104 million),
Chrysler Group €969 million (2002: €1,165 million), Commercial
Vehicles €588 million (2002: €696 million), Services €62 million
(2002: €62 million) and Other Activities €37 million (2002: €44
million).
Upon adoption of SFAS 142 in 2002, intangible assets relating to
distribution rights with a net carrying amount of €44 million were
reclassified from goodwill to other intangible assets.
All goodwill has been allocated to a reporting unit as of December
31, 2003 and 2002.
DaimlerChrysler’s investor level goodwill in companies accounted
for using the equity method was €559 million at December 31,
2003 (2002: €845 million). Such goodwill is not subject to the
impairment tests required by SFAS 142. Instead, the total invest-
ment, including investor level goodwill, will continue to be evaluated
for impairment when conditions indicate that a decline in fair
value of the investment below the carrying amount is other than
temporary.
Adjusted Prior Period Information. Net loss and loss per share
for the years ended December 31, 2001, adjusted to exclude good-
will amortization expense (including amounts recognized in income
(loss) from investments representing investor level equity method
goodwill amortization) and investee level goodwill amortization
resulting from the Group’s investment in EADS, were as follows:
13. Other Intangible Assets
Information with respect to changes in the Group’s other intangible
assets is presented in the Consolidated Fixed Asset Schedule
included herein.
Other intangible assets comprise:
Notes to Consolidated Balance Sheets
2001
(662)
236
168
(258)
(0.66)
0.24
0.16
(0.26)
(0.66)
0.24
0.16
(0.26)
Net loss (in millions of €)
Reported net loss
Goodwill amortization
Goodwill amortization – investee level
Adjusted net loss
Loss per share (in €)
Reported loss per share – basic
Goodwill amortization
Goodwill amortization – investee level
Adjusted loss per share – basic
Reported loss per share – diluted
Goodwill amortization
Goodwill amortization – investee level
Adjusted loss per share – diluted
Year ended December 31,
(in millions of €)
1,036
(634)
402
2,453
2,855
At December 31,
1,047
(694)
353
2,466
2,819
2003 2002
Other intangible assets subject to amortization
Gross carrying amount
Accumulated amortization
Net carrying amount
Other intangible assets not subject to amortization