Management Report - Beursgorilla

ArcelorMittal Annual Report 200930 Consolidated Financial StatementsNotes to the Consolidated Financial Statements continuedArcelorMittal and Subsidiaries(millions of U.S. dollars, except share and per share data)At December 31, 2008 and 2009, the Company had 16,636 and 17,034 of intangible assets, of which 14,176 and 14,828represented goodwill, respectively. Other intangible assets of 1,544 and 1,461 as of December 31, 2008 and 2009, respectively,were comprised primarily of customer relationships, trademarks and technology, and have definite useful lives.Research and development costs not meeting the criteria for capitalization are expensed and included in selling, general andadministrative expenses within the statement of operations. These costs amounted to 295 and 253 in the years endedDecember 31, 2008, and 2009, respectively.Note 9: Property, Plant and EquipmentProperty, plant and equipment are summarized as follows:Land, buildings and Machinery and Constructionimprovements equipment in progress TotalCostAt December 31, 2007 19,170 55,100 3,779 78,049Additions 350 1,771 3,410 5,531Acquisitions through business combinations 1,745 747 79 2,571Foreign exchange differences (2,308) (6,412) (321) (9,041)Disposals (150) (873) (39) (1,062)Other movements 412 3,158 (2,875) 695At December 31, 2008* 19,219 53,491 4,033 76,743Additions 119 787 1,656 2,562Acquisitions through business combinations 58 44 4 106Foreign exchange differences 1,142 3,770 164 5,076Disposals (116) (729) (104) (949)Other movements 413 2,257 (2,304) 366At December 31, 2009 20,835 59,620 3,449 83,904Accumulated depreciation and impairmentAt December 31, 2007 3,252 12,755 48 16,055Depreciation charge for the year* 702 4,019 3 4,724Impairment 101 387 11 499Disposals (73) (773) — (846)Foreign exchange differences (854) (3,598) (12) (4,464)Other movements 46 484 (6) 524At December 31, 2008* 3,174 13,274 44 16,492Depreciation charge for the year 677 3,895 4,572Impairment 70 367 127 564Disposals (59) (681) (42) (782)Foreign exchange differences 460 2,173 (1) 2,632Other movements 95 (42) (12) 41At December 31, 2009 4,417 18,986 116 23,519Carrying amountAt December 31, 2008* 16,045 40,217 3,989 60,251At December 31, 2009 16,418 40,634 3,333 60,385* As required by IFRS, the 2008 information has been adjusted retrospectively for the finalization of the allocationof purchase price of acquisitions made in 2008 (see note 3).Other movements represent mostly transfers between the categories and changes in the consolidation scope.