össur annual report2009 - Euroland

Amortization classified by operational category, is shown in the following schedule:
2009 2008
Cost of goods sold 8 70
Sales and marketing expenses 6,765 9,096
Research and development expenses 3,441 4,185
General and administrative expenses 354 1,404
10,568 14,755
Part of the intangible assets included above have finite useful lives, over which the assets are amortized.
These intangible assets will be amortized on a straight line basis over their useful lives.
The following useful lives are used in the calculation of amortisation.
Customer and distribution relationships 4 - 5 years
Patents 5 - 50 years
Trademarks 3 - infinitive
Other 3 - 10 years
The Company main intangible assets are in relation to the acquisition of Royce Medical and
Gibaud Group.The amortization in 2009 amounted to USD 10.5 million (2008: 14.8 million) and
the expected amount for 2010 is USD 5.2 million. The Gibaud trademarks amounting to USD 16.1
million are estimated to have infinitive life. The trademark has been well established within the
French market since the foundation of the company in 1890.
All amounts in thousands of USD 85 annual report 09
Össur hf. consolidated financial stateMents 2009