No power train without Miba technology

(11) Intangible assets
A detailed breakdown and overview of the changes in intangible assets is presented in
the section entitled “Changes in consolidated fixed assets” (Appendix 1 to the Notes).
Changes in goodwill are as follows:
TEUR 01/31/10 01/31/09
Opening balance 8,103 7,750
Currency translation differences –391 353
Impairment expense –1,472 0
Closing balance 6,240 8,103
The reported goodwill concerns the Bearing segment.
(12) Property, plant and equipment
A detailed breakdown and overview of changes in property, plant and equipment is provided
in the section entitled “Changes in Consolidated Fixed Assets” (Appendix 1 to the Notes).
According to IAS 17, finance leases are recorded under property, plant & equipment:
TEUR 01/31/10 01/31/09
Cost 14,173 14,840
Depreciation (accumulated) –3,262 –2,416
Carrying amount 10,911 12,424
Obligations resulting from financial lease agreements as of January 31, 2010, and
January 31, 2009, are as follows:
Cash value
Minimum lease of minimum
payments lease payments
EUR 01/31/10 01/31/09 01/31/10 01/31/09
With a remaining term of up to one year
With a remaining term
1,408 1,468 1,161 951
between one and five years
With a remaining term
4,181 4,986 3,454 3,358
of more than five years 5,245 6,946 4,897 6,040
minus:
10,834 13,400 9,512 10,349
Future financing costs –1,322 –3,051 0 0
Cash value of minimum lease payments
recognized as:
9,512 10,349 9,512 10,349
- current lease liabilities 1,161 951
- non-current lease liabilities 8,351 9,398
97