Annual Report 2010 - Knorr-Bremse AG.
Annual Report 2010 - Knorr-Bremse AG.
Annual Report 2010 - Knorr-Bremse AG.
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144<br />
3<br />
Intangibles<br />
This heading includes primarily the acquisition of goodwill, patents, rights to the use of names and<br />
trademarks, and IT software. IT software and goodwill account for the majority of additions. Any resulting<br />
goodwill is subject to scheduled depreciation over a period of not more than 20 years. Other intangibles<br />
are subject to scheduled depreciation over periods of between three and 10 years.<br />
In fiscal year <strong>2010</strong> a TEUR 29,137 provision was made against goodwill from the acquisition of the Sigma<br />
Group. All intangible assets have a limited useful life.<br />
4<br />
Fixed assets<br />
Movements of fixed assets are presented in the compilation on the preceding pages. To take technical<br />
and economic factors into account, scheduled depreciation was applied to acquisition costs.<br />
During the fiscal year, unscheduled depreciation amounting to TEUR 522 was applied to a plot of land.<br />
5<br />
Investments<br />
Investment movements are set out in the compilation above. Miscellaneous investments consist of<br />
miscellaneous loans (TEUR 21,237), loans to affiliated companies (TEUR 33,956), long-term investments<br />
(TEUR 1,829), and investments in other companies (TEUR 155).<br />
During the fiscal year a TEUR 2,046 provision was made against the Group’s shareholding in <strong>Knorr</strong>-<br />
<strong>Bremse</strong> RUS OOO, Nizhny Novgorod/Russia, an affiliated company which is not included in consolidation.<br />
List of shareholdings<br />
1 Consolidated affiliated companies Share in<br />
capital in %<br />
Albatros GmbH, Munich/Germany 100.0<br />
Anchor Brake Shoe Company LLC, West Chicago/USA 100.0<br />
BCVS Canadian Holdings LLC, Anjou, Quebec/Canada 100.0<br />
BCVS Mexican Holdings LLC, Cd Acuña, Coah/Mexico 100.0<br />
Bendix Commercial Vehicle Systems LLC, Elyria, Ohio/USA 100.0<br />
Bendix CVS Canada Inc., Anjou, Quebec/Canada 100.0<br />
Bendix CVS de Mexico SA de CV, Cd Acuña, Coah/Mexico 100.0<br />
Bendix Spicer Foundation Brake Canada, Inc., Kingston, Ont./Canada 100.0<br />
Bendix Spicer Foundation Brake LLC, Elyria, Ohio/USA 80.0<br />
Bost Ibérica S.L., Madrid/Spain 100.0<br />
BSFB Holdings, Inc., Elyria, Ohio/USA 100.0<br />
Dr. techn. Josef Zelisko Ges.m.b.H., Mödling/Austria 100.0<br />
EMC Traction S.r.l., Milan/Italy 100.0<br />
Freinrail Systèmes Ferroviaires S.A., Reims/France 100.0