Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

110
Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon
Notes to the consolidated financial statements
Intangible assets Note 12
in CHF million Goodwill Software
Technology
and
Development
costs 1
Other
intangible
assets 2
Cost
Balance at January 1, 2011 1 219 44 121 471 1 855
Conversion differences –15 –1 –1 –5 –22
Changes in the scope of consolidated companies – – – – –
Additions – 1 24 1 26
Disposals – –1 –2 –4 –7
Reclassifications to assets held for sale – – – – –
Transfers – – – – –
Balance at December 31, 2011 1 204 43 142 463 1 852
Accumulated amortization
and impairment losses
Balance at January 1, 2011 –403 –31 –41 –87 –562
Conversion differences 7 – – – 7
Changes in the scope of consolidated companies – – – – –
Amortization – –4 –20 –14 –38
Impairment losses –2 – –2 – –4
Disposals – 1 2 3 6
Reclassifications to assets held for sale – – – – –
Transfers – – – – –
Balance at December 31, 2011 –398 –34 –61 –98 –591
Net Group values at December 31, 2010 816 13 80 384 1 293
Net Group values at December 31, 2011 806 9 81 365 1 261
1 Additions to capitalized development costs are costs incurred in internal development projects and acquired technology. Development costs are
recognized as intangible assets if they meet the criteria for such recognition set forth in IAS 38. After the development phase is complete the asset
is amortized over five years.
2 Other intangible assets include brands of CHF 339 million (previous year CHF 344 million) with indefinite life.
The capitalized development costs pertain to the segments as follows:
Capitalized development costs for the period
in CHF million 2011 2010
Oerlikon Textile 6 11
Oerlikon Drive Systems – –
Oerlikon Vacuum 5 6
Oerlikon Solar 4 9
Oerlikon Coating 6 5
Oerlikon Advanced Technologies 3 1
Total 24 32
2011
Total