Changes in intangible assets
|
|
Intangible assets with a finite useful life |
|
||
|---|---|---|---|---|
| (in millions of euros) | Client relationships | Software, technology and other |
Brands(1) |
Total intangible assets |
|
Gross value at January 1, 2018 |
Intangible assets with a finite useful life 1,079 |
331 |
922 |
2,332 |
|
Acquisitions |
Intangible assets with a finite useful life - |
49 |
- |
49 |
|
Disposals |
Intangible assets with a finite useful life - |
(9) |
- |
(9) |
|
Translation adjustments and other |
Intangible assets with a finite useful life 36 |
9 |
42 |
87 |
|
Gross value at December 31, 2018 |
Intangible assets with a finite useful life 1,115 |
380 |
964 |
2,459 |
|
Acquisitions |
Intangible assets with a finite useful life 499 |
577 |
|
1,076 |
|
Change in scope |
Intangible assets with a finite useful life
|
85 |
|
85 |
|
Disposals |
Intangible assets with a finite useful life
|
(10) |
|
(10) |
|
Translation adjustments and other |
Intangible assets with a finite useful life 23 |
14 |
20 |
57 |
|
Gross value at December 31, 2019 |
Intangible assets with a finite useful life 1637 |
1046 |
984 |
3,667 |
|
Accumulated amortization on December 31, 2018 |
Intangible assets with a finite useful life (868) |
(273) |
(193) |
(1,334) |
|
Depreciation & amortization |
Intangible assets with a finite useful life (72) |
(87) |
(82) |
(244) |
|
Change in scope |
Intangible assets with a finite useful life
|
(60) |
|
(60) |
|
Impairment |
Intangible assets with a finite useful life (20) |
(22) |
|
(42) |
|
Disposals |
Intangible assets with a finite useful life
|
10 |
|
10 |
|
Translation adjustments and other |
Intangible assets with a finite useful life (12) |
(5) |
(4) |
(21) |
|
Accumulated amortization at December 31, 2019 |
Intangible assets with a finite useful life (972) |
(437) |
(279) |
(1,688) |
|
Net value at December 31, 2019 |
Intangible assets with a finite useful life 665 |
609 |
705 |
1,979 |
(1) From July 1, 2019, the useful of life of brands, which had been indefinite until then, was re estimated and an amortization term of 8 years was retained (see Note 1).
Valuation of intangible assets
Valuation tests carried out by an independent expert at the end of the 2019 financial year resulted in the Group recognizing impairment losses of euro 42 million in 2019 (see Note 5).
Valuation tests carried out by an independent expert at the end of the 2018 financial year resulted in the Group recognizing no impairment losses in 2018 (see Note 5).
