Scania annual report 2004

Note 7 continued
Research
and
develop- Soft-
Goodwill ment 1 ware
2004
Accumulated acquisition value
1 January 1,746 1,233 255
Acquisitions/divestments
of businesses 15 – –
New acquisitions 6 316 48
Divestments and disposals – – 3 – 33
Reclassifications – – 7
Exchange rate differences – 20 – 3
Total 1,747 1,546 280
Accumulated amortisation
1 January 740 2 97
Amortisation for the year
– Vehicles and Service 166 84 45
– Customer Finance – – 5
Divestments and disposals – – 1 – 22
Reclassifications – – 1
Exchange rate differences – 5 – 1
Total 901 85 127
Carrying amount, 31 December 846 1 461 153
1 The portion of the Scania Group’s research and development expenditures that
arises during the development phase is capitalised on a continuous basis as the
requirements for capitalisation are fulfilled. See the table below for a specification
of Scania’s research and development expenditures. Amortisation occurs only
when the asset is placed in service.
2004 2003 2002
Specification of research and
development expenses
Expenditures – 2,219 – 2,151 – 2,010
Capitalisation 316 669 573
Amortisation – 84 – 2 –
Research and development
expenses – 1,987 – 1,484 – 1,437
NOTE 8 Tangible fixed assets
Construction
Assets in
Buildings Machinery and in progress and operating
and land equipment advance payments leases 1
Carrying amount, 1 January 2002 7,363 6,578 1,094 10,679
Change in accumulated acquisition value, 2002 – 511 – 276 264 – 1,243
Change in accumulated depreciation, 2002 8 – 351 – 35
Carrying amount, 31 December 2002 6,860 5,951 1,358 9,471
Change in accumulated acquisition value, 2003 348 69 70 118
Change in accumulated depreciation, 2003 – 252 – 223 – 122
Carrying amount, 31 December 2003 6,956 5,797 1,428 9,711
2004
Accumulated acquisition value
1 January 10,790 19,332 1,428 14,452
Acquisitions/divestments of businesses 93 10 – –
New acquisitions 191 893 1,289 4,189
Divestments and disposals – 151 – 1,056 – – 4,673
Reclassifications 420 1,133 – 1,572 – 78
Exchange rate differences for the year – 47 – 96 – 4 – 96
Total 11,296 20,216 1,141 13,794
Accumulated depreciation
1 January 3,865 13,535 – 4,583
Depreciation for the year
– Vehicles and Service 377 1,512 – 814
– Customer Finance – 10 – 1,730
Divestments and disposals – 31 – 947 – – 2,552
Reclassifications 118 – 117 – – 28
Exchange rate difference for the year – 19 – 73 – – 35
Total 4,310 13,920 – 4,512
Accumulated revaluations
1 January 31 – – –
Total 31 – 0 0
Accumulated write-downs 2
1 January – – – 158
Reversals of write-downs – – – – 20
Total 0 – – 138
Carrying amount, 31 December 7,017 6,296 1,141 9,144
NOTES • SCANIA ANNUAL REPORT 2004 62