Service-oriented - Die Schweizerische Post

128 Annual Report | Financial Report | Financial statements of Swiss Post Group
25 Intangible assets
Goodwill
CHF m
1 Other intan- Total 2006 Goodwill
gible assets
1 Other intan- Total 2005
gible assets
Cost
As at 1.1 89 52 141 122 50 172
Additions due to acquisition of subsidiaries 52 24 29 – 5 5
Additions 712 13 84 8 0 8
Subsequent goodwill adjustments – 0 – – – –
Elimination of cumulative writedowns3 – – – – 41 – – 41
Disposals – – 13 – 13 – – 3 – 3
Currency translation differences 1 1 2 – – –
As at 31.12 166 77 243 89 52 141
Cumulative impairment losses and
amortization
As at 1.1 2 33 35 41 30 71
Additions due to acquisition of subsidiaries – 5 5 – – –
Depreciation and amortization – 8 8 – 7 7
Impairments4 1 – 1 2 – 2
Elimination of cumulative writedowns3 – – – – 41 – – 41
Disposals – – 5 – 5 – – 4 – 4
Currency translation differences 0 0 – 0 0 –
As at 31.12 3 41 44 2 33 35
Carrying amount as at 31.12 163 36 199 87 19 106
1 Goodwill in relation to fully consolidated companies. The goodwill paid on investments in associates is included in the book value of these equity stakes as carried in the financial statements (see Note 23, Investments in associates).
As of 31 March 2004, goodwill arising on new acquisitions is no longer systematically amortized but tested for impairment either annually or whenever there are indications of impairment.
2 Composition: GHP Group, MailSource AG(oneReason AG), MailSource Inc., MDS Media Data Services AG, Swiss Post International Singapore Pte Ltd. (see also Note 33, Changes to the scope of consolidation).
3 Elimination of cumulative amortization of goodwill due to the application of IFRS 3 “Business Combinations” (goodwill is no longer amortized systematically).
4 See information below under “Reviewing the recoverable amount of goodwill”.
Other intangible assets mainly comprise purchased standard software. There are no investment obligations.