Note 11 - Intangible assets


Audited by PwC
Completed IT development projects* Acquired patents, li-censes, and know-how Goodwill IT development projects in progress* Total
  DKK million DKK million DKK million DKK million DKK million  
Cost at January 1, 2010 232  992  456  45  1,725 
Currency translation   -  34  62    -  96 
Additions during the year   -  22  11  36 
Transfer (to)/from other items 37    -    -  (37)   -  
Cost at December 31, 2010 269  1,048  529  11  1,857 
Amortization and impairment losses at January 1, 2010 225  363  13  601 
Currency translation   -  13  16 
Amortization for the year 11  109    -  120 
Write-downs and impairment losses for the year   -  50    -    50   
Amortization and impairment losses at December 31, 2010 236  535  16  787 
Carrying amount at December 31, 2010 33  513  513  11  1,070   
 
 
Cost at January 1, 2009 229  1,010  461  56  1,756 
Currency translation   -  26  32    -  58 
Additions during the year   -    -    -  11  11 
Disposals during the year (19) (44) (37)   -  (100)
Transfer (to)/from other items 22    -    -  (22)   -  
Cost at December 31, 2009 232  992  456  45  1,725 
Amortization and impairment losses at January 1, 2009 217  314  46  577 
Currency translation   - 
Amortization for the year 84    -  92 
Amortization and impairment losses reversed on disposals for the year   -  (39) (34)   (73)  
Amortization and impairment losses at December 31, 2009 225  363  13  601 
             
Carrying amount at December 31, 2009 629  443  45  1,124 
* Assets developed internally
Write-downs and impairment losses of DKK 50 million (2009: DKK 0 million) were recognized in 2010, based on a specific assessment of a know-how asset.

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