Mercedes 2015 Annual Report Download - page 215

222 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Table  E.27 shows the line items of the consolidated
statement of income in which total amortization expense
for intangible assets is included.
At December 31, 2015, intangible assets include capitalized
borrowing costs on qualified assets according to IAS 23 in
the amount of €59 million (2014: €58 million) which related only
to capitalized development costs. In 2015, borrowing costs
in the amount of €11 million (2014: €7 million) were capitalized;
amortization amounted to €10 million (2014: €9 million).
The basis for the calculation of borrowing costs was an aver-
age cost of debt of 0.7% (2014: 0.7%).
10. Intangible assets
Intangible assets developed as shown in table  E.26.
At December 31, 2015, goodwill of €425 million
(2014: €421 million) relates to the Daimler Trucks segment
and of €194 million (2014: €192 million) relates to the
Mercedes-Benz Cars segment.
Non-amortizable intangible assets primarily relate to goodwill
and development costs for projects which have not yet
been completed (carrying amount at December 31, 2015:
€2,137 million; 2014: €1,935 million). In addition, other
intangible assets with a carrying amount at December 31, 2015
of €258 million (2014: €264 million) are not amortizable.
Other non-amortizable intangible assets are trademarks with
indefinite useful lives, which relate to the Daimler Trucks
segment, as well as distribution rights of Mercedes-Benz Cars
with indefinite useful lives. The Group plans to continue
to use these assets unchanged.
Intangible assets
Goodwill
(acquired)
Development
costs
(internally
generated)2
Other intangible
assets
(acquired) Total
In millions of euros
Acquisition or manufacturing costs
Balance at January 1, 2014 941 11,900 3,029 15,870
Additions due to business combinations 21 – 45 66
Other additions – 1,155 315 1,470
Reclassifications – – – –
Disposals – -912 -231 -1,143
Other changes155 10 93 158
Balance at December 31, 2014 1,017 12,153 3,251 16,421
Additions due to business combinations – – 25 25
Other additions – 1,815 458 2,273
Reclassifications – – – –
Disposals -4 -1,018 -298 -1,320
Other changes12 12 146 160
Balance at December 31, 2015 1,015 12,962 3,582 17,559
Amortization/impairment
Balance at January 1, 2014 260 4,590 1,632 6,482
Additions – 1,221 286 1,507
Reclassifications ––––
Disposals – -911 -139 -1,050
Other changes117 8 90 115
Balance at December 31, 2014 277 4,908 1,869 7,054
Additions 4 1,255 331 1,590
Reclassifications – – – –
Disposals -4 -999 -261 -1,264
Other changes111 9 90 110
Balance at December 31, 2015 288 5,173 2,029 7,490
Carrying amount at December 31, 2014 740 7,245 1,382 9,367
Carrying amount at December 31, 2015 727 7,789 1,553 10,069
1 Primarily changes from currency translation.
2 Including capitalized borrowing costs on development costs.
E.26