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82
Hamon Annual Report 2010
21. Intangible assets
in EUR ‘000’ Patents and Development Total
trade marks
costs
As of 31 December 2007
Cost 7 883 4 205 12 088
Accumulated amortization and impairment (7 132) (3 716) (10 848)
Net carrying amount 751 489 1 240
For the year ended 31 December 2008
Exchange difference 21 137 158
Additions 2 152 548 2 700
Amortization charge for the year (254) (12) (266)
Net carrying amount at closing date 2 670 1 162 3 832
As of 31 December 2008
Cost 10 054 4 891 14 945
Accumulated amortization and impairment (7 384) (3 729) (11 113)
Net carrying amount 2 670 1 162 3 832
For the year ended 31 December 2009
Exchange difference (5) (89) (94)
Additions 970 1 298 2 268
Amortization charge for the year (477) (353) (830)
Net carrying amount at closing date 3 158 2 018 5 176
As of 31 December 2009
Cost 10 991 6 099 17 090
Accumulated amortization and impairment (7 833) (4 081) (11 914)
Net carrying amount 3 158 2 018 5 176
For the year ended 31 December 2010
Exchange difference 24 195 219
Additions 844 2 937 3 781
Amortization charge for the year (779) (547) (1 326)
Entry / changes in consolidation scope 1 415 73 1 488
Derecognized on disposal of a subsidiary (17) - (17)
Net carrying amount at closing date 4 645 4 676 9 321
As of 31 December 2010
Cost 13 257 9 304 22 561
Accumulated amortization and impairment (8 612) (4 628) (13 240)
Net carrying amount 4 645 4 676 9 321
All intangible assets have a finite utility period on which
the assets are amortized. The amortization charge is
included either under “General & administration costs”
or “Research & development costs”.
The trademarks and licenses are predominantly
composed of software licenses, the name ‘Clean Flow’
and also, since the acquisition of Enviroserv, of patents
and license agreements for the intellectual property
owned by this company.