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54 Electrolux Annual Report 2004
Notes
Amounts in SEKm, unless otherwise stated
Note 13 Intangible assets
Parent
Group Company
Product Brands,
Goodwill development Software Other Total etc.
Acquisition costs
Closing balance Dec. 31, 2002 6,479 176 19 758 7,432 665
Acquired during the year –25 — — 14 –11 3
Development — 344 126 — 470 —
Reclassification1) –108 — — 186 78 —
Sold during the year –32 — — –22 –54 —
Fully amortized –647 — — –13 –660 —
Exchange-rate differences –637 –5 –1 –22 –665 —
Closing balance Dec. 31, 2003 5,030 515 144 901 6,590 668
Acquired during the year 41 — — 232 273 166
Development — 486 183 — 669 3
Reclassification —— —— ——
Sold during the year — — — — — —
Fully amortized –6 — — –26 –32 —
Exchange-rate differences –328 –32 –16 –14 –390 —
Closing balance Dec. 31, 2004 4,737 969 311 1,093 7,110 837
Accumulated amortization according to plan
Closing balance Dec. 31, 2002 2,311 5 2 186 2,504 54
Amortization for the year 182 38 5 57 282 34
Sold and acquired during the year –32 — — –1 –33 —
Fully amortized –647 — — –13 –660 —
Impairment —— —— ——
Exchange-rate differences –284 — — –1 –285 —
Closing balance Dec. 31, 2003 1,530 43 7 228 1,808 88
Amortization for the year 155 119 35 63 372 43
Sold and acquired during the year — — — — — —
Fully amortized –6 — — –26 –32 —
Impairment —— —— ——
Exchange-rate differences –102 –3 –3 –7 –115 —
Closing balance Dec. 31, 2004 1,577 159 39 258 2,033 131
Net book value Dec. 31, 2003 3,500 472 137 673 4,782 580
Net book value Dec. 31, 2004 3,160 810 272 835 5,077 706
1) Final purchase-price allocation of Diamant Boart International.
As described in Note 1, goodwill from four major acquisitions is amor-
tized over 40 years. The goodwill amortization for these amounted to
SEK 101m (105).
Accumulated impairments on goodwill were at year-end SEK 143m
(143) and on other intangibles SEK 1m (1).
Note 14 Tangible fixed assets
Machinery Construction
Land and land and technical Other in progress
Group improvements Buildings installations equipment and advances Total
Acquisition costs
Closing balance Dec. 31, 2002 1,532 10,048 35,948 2,852 1,078 51,458
Acquired during the year 8 225 832 258 2,140 3,463
Corporate acquisitions — — — — — —
Corporate divestments –68 –749 –4,058 –290 –38 –5,203
Transfer of work in progress and advances 15 218 1,555 –1 –1,787 —
Sales, scrapping, etc. –62 –355 –2,301 –297 — –3,015
Exchange-rate differences –56 –750 –2,780 –129 –188 –3,903
Closing balance Dec. 31, 2003 1,369 8,637 29,196 2,393 1,205 42,800
Acquired during the year 69 227 743 209 3,267 4,515
Corporate acquisitions — — — — — —
Corporate divestments — — — — — —
Transfer of work in progress and advances 10 86 1,896 30 –2,022 —
Sales, scrapping, etc. –50 –264 –1,130 –164 –15 –1,623
Exchange-rate differences –28 –278 –1,109 –44 –246 –1,705
Closing balance Dec. 31, 2004 1,370 8,408 29,596 2,424 2,189 43,987