Hydro Annual Report 2011b
Hydro Annual Report 2011b
Hydro Annual Report 2011b
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F38<br />
FINANCIAL STATEMENTS<br />
Note 23 - Intangible assets<br />
Note 23 - Intangible assets<br />
Amounts in NOK million<br />
Intangible<br />
assets under<br />
development<br />
Capitalized<br />
software<br />
systems<br />
Mineral<br />
rights<br />
Other<br />
intangible<br />
assets Total<br />
Cost<br />
December 31, 2009 158 1 029 1 485 2 672<br />
Additions 121 19 88 229<br />
Disposals (3) (73) (77)<br />
Transfers (222) 222 <br />
Foreign currency translation effect (1) (39) (49) (89)<br />
December 31, 2010 55 1 228 1 451 2 735<br />
Acquisitions through business combinations 74 1 113 1 855 3 043<br />
Other additions 33 46 94 173<br />
Disposals (8) (39) (47)<br />
Transfers (5) 5 <br />
Foreign currency translation effect (7) (46) (119) (172)<br />
December 31, 2011 84 1 334 1 067 3 247 5 731<br />
Accumulated amortization and impairment<br />
December 31, 2009 (766) (1 018) (1 784)<br />
Amortization for the year (72) (59) (131)<br />
Disposals 8 40 48<br />
Foreign currency translation effect 33 34 67<br />
December 31, 2010 (797) (1 003) (1 800)<br />
Amortization for the year 1)<br />
(108) (139) (247)<br />
Impairment loss (77) (78)<br />
Disposals 7 5 12<br />
Foreign currency translation effect 4 8 12<br />
December 31, 2011 (895) (1 207) (2 102)<br />
Carrying value<br />
December 31, 2010 55 431 448 934<br />
December 31, 2011 84 438 1 067 2 040 3 629<br />
1) Amortization of a sourcing contract is reported as Raw material and energy expense in the income statement.
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