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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