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DFDS annual report 2009 NOTEs 77
>>> Note 11 continued
Parent Company
DKK ‘000
GOODWILL
OTHER NON-
CURRENT
INTANGIBLE
ASSETS
SOFTWARE
DEVELOPMENT
PROJECTS IN
PROGRESS
TOTAL
Balance at 1 January 2007 275,188 54,693 82,925 1,117 413,923
Foreign exchange adjustment -2,501 -2,008 0 0 -4,509
Addition 0 0 6,094 8,458 14,552
Cost at 31 December 2007 272,687 52,685 89,019 9,575 423,966
Balance at 1 January 2007 0 16,506 41,169 0 57,675
Foreign exchange adjustment 0 -806 0 0 -806
Depreciation 0 10,721 11,766 0 22,487
Impairment and depreciation at 31 December 2007 0 26,421 52,935 0 79,356
Carrying amount at 31 December 2007 272,687 26,264 36,084 9,575 344,610
Balance at 1 January 2008 272,687 52,685 89,019 9,575 423,966
Foreign exchange adjustment -7,665 -6,155 0 0 -13,820
Transfer to/from other items 0 0 26,962 -26,962 0
Addition 0 1,778 7,607 21,362 30,747
Cost at 31 December 2008 265,022 48,308 123,588 3,975 440,893
Balance at 1 January 2008 0 26,421 52,935 0 79,356
Foreign exchange adjustment 0 -4,290 0 0 -4,290
Depreciation 0 10,586 12,794 0 23,380
Impairment 0 4,413 0 0 4,413
Impairment and depreciation at 31 December 2008 0 37,130 65,729 0 102,859
Carrying amount at 31 December 2008 265,022 11,178 57,859 3,975 338,034
Balance at 1 January 2009 265,022 48,308 123,588 3,975 440,893
Foreign exchange adjustment 2,986 2,399 0 0 5,385
Transfer to/from other items 0 0 3,184 -3,184 0
Addition 0 0 17,089 5,163 22,252
Kostpris 31/12 2009 268,008 50,707 143,861 5,954 468,530
Balance at 1 January 2009 0 37,130 65,729 0 102,859
Foreign exchange adjustment 0 1,960 0 0 1,960
Depreciation 0 7,898 18,697 0 26,595
Impairment and depreciation at 31 December 2009 0 46,988 84,426 0 131,414
Carrying amount at 31 December 2009 268,008 3,719 59,435 5,954 337,116
The carrying amount of the Parent Company’s goodwill of DKK 268.0 million (2008: DKK 265.0 million, 2007: DKK 272.7 million) is related to acquisition of Ro-Ro
Shipping routes from the Swedish subsidiary in 2001 and the acquisition of a route in 2005.
The carrying amount of other non-current intangible assets consist of the right of sailing for a route acquired in 2005 (5-year non-competition clause).
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 no impairment loss on non-current intangible assets (2008: DKK 4.4 million loss, 2007: no impairment loss) has
been recognised. The impairment loss in 2008 is recognised in “Depreciation on ships and other non-current assets” in the income statement. See Note 39.