12. Intangible assets
| in thousand EUR | Trademarks and licences | Other | Total | |||
|---|---|---|---|---|---|---|
| Cost | ||||||
| At 1 January 2019 | 12 319 | 7 921 | 20 240 | |||
| Additions | – | 53 | 53 | |||
| Reclassifications | – | –2 | –2 | |||
| Currency effects | – | –15 | –15 | |||
| At 31 December 2019 | 12 319 | 7 957 | 20 276 | |||
| Additions | – | 126 | 126 | |||
| Disposals | – | –72 | –72 | |||
| Reclassifications | – | – | – | |||
| Currency effects | – | –554 | –554 | |||
| At 31 December 2020 | 12 319 | 7 457 | 19 776 | |||
| Accumulated amortization and impairment | ||||||
| At 1 January 2019 | 10 558 | 5 677 | 16 235 | |||
| Charge for the year | 282 | 232 | 514 | |||
| Currency effects | – | 13 | 13 | |||
| At 31 December 2019 | 10 840 | 5 922 | 16 762 | |||
| Charge for the year | 282 | 173 | 455 | |||
| Disposals | – | –72 | –72 | |||
| Currency effects | – | –19 | –19 | |||
| At 31 December 2020 | 11 122 | 6 004 | 17 126 | |||
| Carrying amount | ||||||
| At 31 December 2019 | 1 479 | 2 035 | 3 514 | |||
| At 31 December 2020 | 1 197 | 1 453 | 2 650 | |||
Other intangible assets mainly include forest concessions and software.
Accounting policies
Forest concessions are not classified as lease contracts, as the right to direct the use of the concession is not with the Group, but with the Gabonese government. Acquired trademarks and licenses have a finite useful life and are carried at cost less accumulated amortization and impairment loss. Amortization is calculated using the straight-line method to allocate the cost of trademarks and licenses over their estimated useful lives as follows:
- Acquired trademarks 12 to 24 years
- Licenses 12 to 24 years
- Other intangible assets 12 to 50 years