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Download section (pdf) - Swiss Life - Online Report

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31First-Half Financial <strong>Report</strong> 2008Condensed Financial StatementsCondensed Notes to the Consolidated Financial Statements (unaudited)12 Intangible Assets including Intangible Insurance Assets (continued)Goodwill relating to Lloyd Continental has been allocated to the segment “Insurance France”.The net carrying amount of goodwill totalling CHF 1736 million as at 30 June 2008 (YE 2007: CHF 436 million)relates to:In CHF million 30.06.08 31.12.07 30.06.08 31.12.07 30.06.08 31.12.07LloydLloydContinental Continental CapitalLeben CapitalLeben AWD AWDNet carrying amount of goodwill 287 287 149 149 1 300 –Impairment losses – – – – – –Goodwill amounting to CHF 421 million relating to Banca del Gottardo (including CHF 16 million relating to thepurchase of additional shares of Banca del Gottardo Italia, Bergamo) has been reclassified to assets held for sale in2007.CUSTOMER RELATIONSHIPS | The acquisition of AWD Holding AG, Hanover, led to the recognition of acustomer relationship asset of CHF 312 million. The acquisition of Placement Direct, France, led to a customerrelationship asset amounting to CHF 5 million.On the acquisition of CapitalLeben Versicherung AG, Schaan, a customer relationship asset of CHF 33 million wasrecognised in 2007. In August 2007, the <strong>Swiss</strong> <strong>Life</strong> Group acquired the banking activities of Fideuram Wargny,France, which led to the recognition of a customer relationship asset of CHF 12 million. In November 2007,Meeschaert Assurances, Paris, was acquired and a customer relationship asset amounting to CHF 15 million wasrecognised.BRANDS AND OTHER | Consist of brands, trademarks, computer software and other intangible assets.The acquisition of AWD Holding AG, Hanover, led to the recognition of the brand name of “AWD” of CHF 120 millionand computer software of CHF 13 million.

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