Shareholders' Letter
Shareholders' Letter
Shareholders' Letter
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24 Goodwill and other intangible assets<br />
Internally Other<br />
generated Customer intangible<br />
In CHF million Goodwill software relationships Brands assets Total<br />
At cost<br />
Balance at 31 December 2009 6,675 867 1,307 332 1,692 10,873<br />
Additions – 121 – – 354 475<br />
Disposals – (10) – – (42) (52)<br />
Purchase price adjustments 5 – – – – 5<br />
Reclassifications – 58 – – (59) (1)<br />
Additions from acquisition of subsidiaries 15 2 14 – 6 37<br />
Foreign currency translation adjustments (423) (15) (199) (51) (118) (806)<br />
Balance at 31 December 2010 6,272 1,023 1,122 281 1,833 10,531<br />
Accumulated amortisation and impairment losses<br />
Balance at 31 December 2009 11 534 406 90 810 1,851<br />
Amortisation – 155 140 31 281 607<br />
Impairment losses – 3 – – 1 4<br />
Disposals – (10) – – (40) (50)<br />
Foreign currency translation adjustments – (10) (72) (16) (67) (165)<br />
Balance at 31 December 2010 11 672 474 105 985 2,247<br />
Net carrying amount<br />
Net carrying amount at 31 December 2010 6,261 351 648 176 848 8,284<br />
Internally Other<br />
generated Customer intangible<br />
In CHF million Goodwill software relationships Brands assets Total<br />
At cost<br />
Balance at 31 December 2008 6,644 469 1,287 333 1,654 10,387<br />
Additions – 177 – – 402 579<br />
Disposals – (29) – – (138) (167)<br />
Purchase price adjustments (2) – – – – (2)<br />
Reclassifications – 250 6 – (220) 36<br />
Additions from acquisition of subsidiaries 36 – 19 – 7 62<br />
Disposals from sale of subsidiaries – – (3) – (10) (13)<br />
Foreign currency translation adjustments (3) – (2) (1) (3) (9)<br />
Balance at 31 December 2009 6,675 867 1,307 332 1,692 10,873<br />
Accumulated amortisation and impairment losses<br />
Balance at 31 December 2008 11 335 253 57 779 1,435<br />
Amortisation – 142 151 34 226 553<br />
Disposals – (29) – – (133) (162)<br />
Reclassifications – 86 6 – (49) 43<br />
Disposals from sale of subsidiaries – – (3) – (9) (12)<br />
Foreign currency translation adjustments – – (1) (1) (4) (6)<br />
Balance at 31 December 2009 11 534 406 90 810 1,851<br />
Net carrying amount<br />
Net carrying amount at 31 December 2009 6,664 333 901 242 882 9,022<br />
Net carrying amount at 31 December 2008 6,633 134 1,034 276 875 8,952
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