Atlas Copco - Annual Report 1999
Atlas Copco - Annual Report 1999
Atlas Copco - Annual Report 1999
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NOTES TO THE FINANCIAL STATEMENTS<br />
Note 11 continued Accumulated Accumulated Planned No of years<br />
cost amortization residual value remaining<br />
Goodwill amortized over 40 years:<br />
Milwaukee Electric Tool Corp. 3,745 413 3,332 36<br />
Prime Service, Inc. 7,740 496 7,244 38<br />
Rental Service Corp. 7,384 80 7,304 40<br />
18,869 989 17,880<br />
Goodwill amortized over 20 years:<br />
Desoutter Ltd 743 397 346 11<br />
<strong>Atlas</strong> <strong>Copco</strong> Wagner Inc. 357 227 130 10<br />
Chicago Pneumatic Tool Company 207 152 55 8<br />
<strong>Atlas</strong> <strong>Copco</strong> Crépelle S.A. 127 17 110 18<br />
ABIRD Holding BV 63 3 60 20<br />
1,497 796 701<br />
Goodwill amortized within 10 years:<br />
Compresseurs Worthington-Creyssensac S.A. 82 50 32 4<br />
<strong>Atlas</strong> <strong>Copco</strong> Rotoflow Inc. 77 74 3 1<br />
Ceccato Aria Compressa S.p.A. 69 14 55 8<br />
Others 202 60 142<br />
430 198 232<br />
Total 20,796 1,983 18,813<br />
12<br />
Tangible assets<br />
Group Buildings Machinery Rental New con- Total<br />
and land and equipment equipment struction<br />
and advances<br />
Accumulated cost<br />
Opening balance, Jan. 1 2,983 6,961 6,478 236 16,658<br />
Investments 116 881 2,342 –58 3,281<br />
Acquisition of subsidiaries 77 395 5,909 6,381<br />
Sale of subsidiaries –75 –138 –213<br />
Divestment and retirement –75 –598 –1,307 –1,980<br />
Reclassified items 3 –10 –1 –3 –11<br />
Translation differences for the year –104 –192 543 3 250<br />
Closing balance, Dec. 31 2,925 7,299 13,964 178 24,366<br />
Accumulated depreciation according to plan<br />
Opening balance, Jan. 1 976 4,503 1,440 6,919<br />
Depreciation for the year 109 739 1,273 2,121<br />
Acquisition of subsidiaries 3 7 75 85<br />
Sale of subsidiaries –23 –80 –103<br />
Divestment and retirement –40 –444 –603 –1,087<br />
Reclassified items –17 13 –4<br />
Translation differences for the year –46 –180 80 –146<br />
Closing balance, Dec. 31 962 4,558 2,265 7,785<br />
Planned residual value, Dec. 31 1,963 2,741 11,699 178 16,581<br />
Planned residual value, Jan. 1 2,007 2,458 5,038 236 9,739<br />
Assets owned under finance leases<br />
Purchase cost 3 18 21<br />
Accumulated depreciation – 8 8<br />
Planned residual value, Dec. 31 3 10 13<br />
Planned residual value, Jan. 1 – 8 8<br />
22 ATLAS COPCO <strong>1999</strong>