Mercedes 2004 Annual Report Download - page 135

13. Other Intangible Assets
Information with respect to changes in the Group’s other intangi-
ble assets is presented in the Consolidated Fixed Asset Schedule
included herein.
Other intangible assets comprise:
DaimlerChrysler’s other intangible assets subject to amortization
represent concessions, industrial property rights and similar
rights (€260 million) as well as software developed or obtained
for internal use (€204 million). The additions in 2004 of €215
million (2003: €178 million) with a weighted average useful life of
5 years primarily include software developed or obtained for
internal use. The aggregate amortization expense for the years
ended December 2004, 2003 and 2002, was €169 million,
€178 million and €175 million, respectively.
Estimated aggregate amortization expense for other intangible
assets for the next five years is:
Other intangible assets not subject to amortization represent
primarily intangible pension assets.
14. Property, Plant and Equipment, net
Information with respect to changes in the Group’s property,
plant and equipment is presented in the Consolidated Fixed
Assets Schedule included herein.
Property, plant and equipment includes buildings, technical
equipment and other equipment capitalized under capital lease
agreements of €245 million (2003: €195 million). Depreciation
expense and impairment charges on assets under capital lease
arrangements were €34 million (2003: €19 million; 2002: €15
million).
Future minimum lease payments due from property, plant and
equipment under capital leases at December 31, 2004 amounted
to €520 million and are due as follows:
The reconciliation of future minimum lease payments from capi-
tal lease agreements to the corresponding liabilities is as follows:
15. Equipment on Operating Leases, net
Information with respect to changes in the Group’s equipment
on operating leases is presented in the Consolidated Fixed Assets
Schedule included herein. Of the total equipment on operating
leases, €26,017 million represent automobiles and commercial
vehicles (2003: €23,653 million).
Noncancellable future lease payments due from customers for
equipment on operating leases at December 31, 2004 amounted
to €11,922 million and are due as follows:
131
(in millions of €)
1,047
(694)
353
2,466
2,819
At December 31,
1,309
(806)
503
2,168
2,671
2004 2003
Other intangible assets subject to amortization
Gross carrying amount
Accumulated amortization
Net carrying amount
Other intangible assets not subject to amortization
(in millions of €)
20092008200720062005
165 105 62 40 30Amortization expense
(in millions of €)
231
there-
after
20092008200720062005
3234468196
Future minimum
lease payments
(in millions of €)
December 31,
520
147
373
2004
Amount of future minimum lease payments
Less interests included
Liabilities from capital lease agreements
(in millions of €)
125
there-
after
20092008200720062005
1495941,7433,6615,650
Future lease
payments