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76 NOTEs
DFDS annual report 2009
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Consolidated
DKK ‘000
GOODWILL
OTHER NON-
CURRENT
INTANGIBLE
ASSETS
SOFTWARE
DEVELOPMENT
PROJECTS IN
PROGRESS
TOTAL
Balance at 1 January 2009 327,062 176,307 123,588 3,975 630,932
Foreign exchange adjustment 10,523 2,300 0 0 12,823
Transfer to/from other items 0 0 3,185 -3,185 0
Addition 14,905 1,488 17,089 5,164 38,646
Cost at 31 December 2009 352,490 180,095 143,862 5,954 682,401
Balance at 1 January 2009 8,207 141,775 65,729 0 215,711
Foreign exchange adjustment 386 1,855 0 0 2,241
Depreciation 0 19,753 18,698 0 38,451
Impairment 0 1,489 0 0 1,489
Impairment and depreciation at 31 December 2009 8,593 164,872 84,427 0 257,892
Carrying amount at 31 December 2009 343,897 15,223 59,435 5,954 424,509
The Group’s carrying amount of goodwill and other non-current intangible assets are allocated to the cash flow-generating units to which the assets can be attributed.
The additions of goodwill in 2009 are related to the acquisition of minority interest in Halléns N.V. (DKK 14.9 million). The additions of goodwill in 2008 are related
to the acquisition of minority interest in Halléns N.V. (DKK 9.4 million) and goodwill related to the acquisition of a minor company (DKK 0.1 million). The additions of
goodwill in 2007 are primary related to the acquisition of DFDS Container Line B.V. (DKK 22.6 million) and the acquisition of minority interest in a minor company
(DKK 7.5 million).
The carrying amount of recognised goodwill concerns the following:
DKK million 2007 2008 2009
DFDS Container Line B.V. 156.0 155.8 155.7
Halléns N.V, 33.3 42.6 57.5
Acquisition of a route/bridge 55.6 47.9 50.9
DFDS Lys Line AS 41.7 33.8 39.9
Canal Tours A/S 14.1 14.1 14.1
Other 26.7 24.7 25.8
Total 327.4 318.9 343.9
Value adjustment goodwill/negative goodwill in the income statement consists of impairment loss relating to goodwill, DKK 0 million (2008: DKK 0.1 million, 2007: DKK
0.0 million) and negative goodwill from acquisition of shares in AB DFDS LISCO amounting DKK 1.5 million (2008: DKK 20.1 million, 2007: DKK 2.0 million).
The carrying amount of other non-current intangible assets primary consist of value of customer portfolio/-relations identified from acquisitions and the right of sailing
for a route (5-year non-competition clause) acquired in 2005.
The carrying amount of recognised completed software and development projects in progress is primarily related to software for Passenger Shipping’s on-line booking
and finance and logistic systems on the ships of Passenger Shipping.
On the basis of the impairment tests performed in 2009 an impairment loss on non-current intangible assets in 2009 of DKK 1.5 million (2008: DKK 42.4 million, 2007:
no impairment loss) has been recognized. The impairment loss is recognized in “Depreciation on ships and other non-current assets” in the income statement. See
Note 39.
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