IMMOEAST Annual Report 2006/07

192 IMMOEAST Annual Report 2006/07
IAS 38.118
IAS 38.122
(a), (d)
4.3 Intangible assets and goodwill
4.3.1 Intangible assets
Additional information on this balance sheet position is provided under point 3.2.
The development of intangible assets is shown below:
All amounts in TEUR Other intangible assets
Cost as of 1 May 2005 2,368.1
Change in consolidation method 113.9
Currency translation adjustments 81.7
Additions 1.7
Reclassification -176.6
Cost as of 30 April 2006 2,388.8
Accumulated amortisation as of 1 May 2005 147.2
IMMOEAST has no intangible assets with an indefinite useful life, and no intangible assets are encumbered.
4.3.2 Goodwill
Additional information on this balance sheet position is provided under point 3.3.1.
All amounts in TEUR Other intangible assets
Cost as of 1 May 2006 2,388.8
Change in consolidation range 4.1
Change in consolidation method 3.7
Currency translation adjustments 117.5
Additions 227.8
Disposals 0.0
Reclassification 0.0
Cost as of 30 April 2007 2,741.9
Change in consolidation method 101.3
Currency translation adjustments 4.5 Accumulated amortisation as of 1 May 2006 421.1
Disposals -0.7 Change in consolidation method 0.7
Reclassification -0.4 Currency translation adjustments 25.1
Amortisation for the year 169.1 Disposals 0.0
Accumulated amortisation as of 30 April 2006 421.1 Reclassification 0.0
Carrying value as of 30 April 2006 1,967.8 Amortisation for the year 242.3
Accumulated amortisation as of 30 April 2007 689.2
Carrying value as of 30 April 2007 2,052.7
In order to test goodwill for impairment, the carrying value of the cash-generating unit is increased by the carrying
value of goodwill. The total amount is then compared with the recoverable amount of the cash-generating unit. Any
negative difference is recognised as an impairment charge to goodwill. The acquisition of project companies generally
leads to positive goodwill because of the obligation to record deferred tax liabilities on revalued properties.
The unequal valuation of these deferred tax liabilities – which, in contrast to other acquired net assets, may not be
discounted according to IFRS 3.57b in connection with IFRS 3.B16 (i) and IAS 12.53 – results in goodwill as a technical
figure.
Additional information on the recognition and measurement of goodwill is provided under point 3.3.1. During 2006/07
TEUR 43,244,1 (2005/06: TEUR 30,729,6) of newly acquired goodwill was written off through the income statement
in accordance with IFRS 3.54. The development of goodwill is as follows: