Henkel Annual Report 2011 - Henkel AG & Co. KGaA Annual Report ...

Henkel Annual Report 2011 Consolidated financial statements
Notes to the consolidated statement of financial position
111
Notes to the consolidated statement of financial position
The measurement and recognition policies for financial statement items are described in the relevant Note.
Non-current assets
All non-current assets with definite useful lives are amortized
or depreciated using the straight-line method on the
basis of estimated useful lives. The useful life estimates are
reviewed annually. Impairment losses are recognized when
required. These are then charged to the relevant functions.
The following unchanged, standardized useful lives are
applied:
(1) Intangible assets
Cost
Useful life
in years
Intangible assets with definite useful lives 3 to 20
Residential buildings 50
Office buildings
Research and factory buildings, workshops,
40
stores and staff buildings
25 to 33
Production facilities 10 to 25
Machinery 7 to 10
Other equipment 10
Vehicles 5 to 20
Factory and research equipment 2 to 5
Trademark rights and other rights
Assets with Assets with Internally Goodwill
Total
indefinite definite generated
useful lives useful lives intangible assets
with definite
in million euros
useful lives
At January 1, 2010 1,156 1,437 156 6,148 8,897
Acquisitions – – – 1 1
Divestments – – – – –
Additions – 6 10 – 16
Disposals – –16 –1 –74 –91
Reclassifications into assets held for sale – – – – –
Reclassifications – 2 – – 2
Translation differences 84 88 3 457 632
At December 31, 2010/January 1, 2011 1,240 1,517 168 6,532 9,457
Acquisitions – 3 – 47 50
Divestments – – – –5 –5
Additions – 5 4 – 9
Disposals – –14 – – –14
Reclassifications into assets held for sale –27 – – – –27
Reclassifications – 1 – – 1
Translation differences 35 26 2 149 212
At December 31, 2011 1,248 1,538 174 6,723 9,683