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FINANCIAL INFORMATION – NOTES
NOTE 16 INTANGIBLE FIXED ASSETS
Group Parent Company
MSEK 31-12-2014 31-12-2013 31-12-2014 31-12-2013
Goodwill 5,015 4,605 453 493
Capitalised development
costs 952 1,338 461 662
Other intangible assets 384 397 203 237
Total 6,351 6 ,340 1,117 1,392
Goodwill
Group Parent Company
MSEK 2014 2013 2014 2013
Acquisition value
Opening balance, 1 January 5,302 5,278 784 784
Business combinations 218 37 - -
Translation differences 192 -13 - -
Closing balance,
31 December 5,712 5,302 784 784
Amortisation and
write-downs
Opening balance, 1 January -697 -697 -291 -252
Amortisation for the year - - -40 -39
Closing balance,
31 December -697 -697 -331 -291
Carrying amount,
31 December 5,015 4,605 453 493
Business combinations 2014 relates to ThyssenKrupp Marine Systems AB.
Business combinations 2013 relate to Hydro-Lek Limited and Teknikinformation
i Krokom AB (TIKAB) as well as an adjustment related to the acquisition of MEDAV
GmbH.
Capitalised development costs
Group Parent Company
MSEK 2014 2013 2014 2013
Acquisition value
Opening balance, 1 January 5,898 5,895 2,010 2,000
Business combinations - 17 - 10
Internally developed assets 171 24 - -
Disposals and reclassifications -257 -14 - -
Translation differences 50 -24 - -
Closing balance,
31 December 5,862 5,898 2,010 2,010
Amortisation and write-downs
Opening balance, 1 January -4,560 -4,144 -1,348 -1,144
Amortisation for the year -320 -454 -202 -200
Business combinations - - - -4
Disposals and reclassifications - 14 - -
Translation differences -30 24 1 -
Closing balance,
31 December -4,910 -4,560 -1,549 -1,348
Carrying amount,
31 December 952 1,338 461 662
Business combinations in the Group 2013 relates primarily to Hydro-Lek Limited.
Other intangible assets
Group Parent Company
MSEK 2014 2013 2014 2013
Acquisition value
Opening balance, 1 January 1,651 1,879 1,261 1,473
Business combinations 88 5 - -
Investments 68 44 63 64
Disposals and reclassifications -4 -275 0 -276
Translation differences 44 -2 -1 -
Closing balance, 31 December 1,847 1,651 1,323 1,261
Amortisation and write-downs
Opening balance, 1 January -1,254 -1,362 -1,024 -1,200
Amortisation for the year -146 -170 -96 -100
Business combinations -47 - - -
Disposals and reclassifications 4 276 - 276
Translation differences -20 2 - -
Closing balance, 31 December -1,463 -1,254 -1,120 -1,024
Carrying amount,
31 December 384 397 203 237
Business combinations 2014 relates to ThyssenKrupp Marine Systems AB. Busi-
ness combinations 2013 relates to Teknikinformation i Krokom AB (TIKAB).
Amortisation is included in the following lines in the income statement
Group Parent Company
MSEK 2014 2013 2014 2013
Cost of goods sold 144 168 136 139
Marketing expenses 2 2 - -
Research and development
costs 320 454 202 200
Development costs
The significant items in total capitalisation are development costs for radar and
sensors, electronic warfare systems and Air Traffic Management (ATM).
Development costs are capitalised only in the consolidated accounts. In legal
units, all costs for development work are expensed. Capitalised development costs
in the Parent Company relate to acquired development costs.
Other intangible fixed assets
Significant items in the carrying amount are attributable to the acquisitions of Erics-
son Microwave Systems, Sensis, MEDAV and ThyssenKrupp Marine Systems AB
and relate to expenses incurred for customer relations, trademarks, patents and
values in the order backlog. Of the carrying amount, MSEK 384, MSEK 266 is attri-
butable to acquired values and MSEK 118 to licenses for operating systems etc.
Impairment tests for goodwill
In connection with business combinations, goodwill is allocated to the cash-gene-
rating units, or groups thereof, that are expected to obtain future economic bene-
fits in the form of, for example, synergies from the acquisition. Acquired operations
normally have access to knowledge, technology and solutions that will benefit large
parts of the Group, and the acquired operations are usually integrated with other
operations shortly after acquisition. Consequently, goodwill is allocated to and
tested for impairment at the business area level, which also corresponds to the
lowest level at which goodwill is monitored in internal governance.
Goodwill in the Parent Company relates to goodwill arising from the purchase of
the net assets of Saab Microwave Systems.
96 – SAAB ANNUAL REPORT 2014