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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract] |
Intangible Assets and Goodwill | 10. INTANGIBLE ASSETS AND GOODWILL a) Intangible assets Details of and movement in items comprising intangible assets are as follows:
(In thousand Euros) |  | Software |  |  | Trademarks, industrial property and customer relationships |  |  | Development costs |  |  | Other |  |  | Total |
Balance at January 1, 2022 |  |  | 4,843 |  |  |  | 831 |  |  |  | 31,514 |  |  |  | 122 |  |  |  | 37,310 |
Additions |  |  | 2,409 |  |  |  | 4 |  |  |  | 26,807 |  |  |  | 845 |  |  |  | 30,065 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Business Combination (Note 6) |  |  | 350 |  |  |  | 3,613 |  |  |  | — |  |  |  | — |  |  |  | 3,963 |
Transfers |  |  | — |  |  |  | — |  |  |  | 123 |  |  |  | (123 | ) |  |  | — |
Amortization for the year |  |  | (1,223 | ) |  |  | (363 | ) |  |  | (8,908 | ) |  |  | — |  |  |  | (10,494 | )
Translation differences |  |  | (2 | ) |  |  | (43 | ) |  |  | 1 |  |  |  | — |  |  |  | (44 | )
Balance at December 31, 2022 |  |  | 6,377 |  |  |  | 4,042 |  |  |  | 49,537 |  |  |  | 844 |  |  |  | 60,800 |
Additions |  |  | 3,413 |  |  |  | 68 |  |  |  | 28,478 |  |  |  | 1,327 |  |  |  | 33,285 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Business Combination (Note 6) |  |  | — |  |  |  | 16,144 |  |  |  | 100 |  |  |  | — |  |  |  | 16,244 |
Transfers |  |  | — |  |  |  | — |  |  |  | 2,171 |  |  |  | (2,171 | ) |  |  | — |
Amortization for the year |  |  | (1,538 | ) |  |  | (807 | ) |  |  | (13,848 | ) |  |  | — |  |  |  | (16,194 | )
Translation differences |  |  | (1 | ) |  |  | (57 | ) |  |  | (29 | ) |  |  | — |  |  |  | (87 | )
Balance at December 31, 2023 |  |  | 8,251 |  |  |  | 19,390 |  |  |  | 66,408 |  |  |  | — |  |  |  | 94,049 |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2021 |  |  | 6,020 |  |  |  | 1,004 |  |  |  | 37,646 |  |  |  | 122 |  |  |  | 44,792 |
At December 31, 2022 |  |  | 8,777 |  |  |  | 4,578 |  |  |  | 64,577 |  |  |  | 844 |  |  |  | 78,776 |
At December 31, 2023 |  |  | 12,189 |  |  |  | 20,733 |  |  |  | 95,297 |  |  |  | — |  |  |  | 128,218 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2021 |  |  | (1,177 | ) |  |  | (173 | ) |  |  | (6,132 | ) |  |  | — |  |  |  | (7,482 | )
At December 31, 2022 |  |  | (2,400 | ) |  |  | (536 | ) |  |  | (15,040 | ) |  |  | — |  |  |  | (17,976 | )
At December 31, 2023 |  |  | (3,938 | ) |  |  | (1,343 | ) |  |  | (28,888 | ) |  |  | — |  |  |  | (34,170 | )
During 2023, the Group made investments in several development projects, consisting of payroll expenses and other costs totaling Euros 28,478 thousand (Euros 26,807 thousand in 2022), for which the associated development expenditures met the requirements for capitalization. Trademarks, industrial property and customer relationships includes trademarks for an amount of Euros 13,205 thousand (Euros 816 thousand in 2022), customer relationships totalling Euros 2,754 thousand (Euros 3,226 thousand in 2022) and industrial properties for an amount of Euros 3,431 thousand (Euros 0 thousand in 2022). The total additions of internally developed intangibles (Development Costs and Software) were Euros 26,182 thousand (Euros 20,204 thousand in 2022) corresponds to the capitalization carried out by the Group in relation to the product development process, specially for the DC product under the names of Quasar and Supernova, AC product under the names of Pulsar, Cooper and Commander and MyWallbox software. The average remaining amortization term for these assets is between 3 and 5 years. Additions of patents, licenses and similar, and computer software totaled Euros 3,481 thousand (Euros 2,413 thousand in 2022) due primarily to the implementation of new software applications. The patents and customer relationships category also include the registration of brands, logos, and design patents for different chargers. The Group has items in use that were fully depreciated as of December 31, 2023 for an amount of Euros 880 thousand, as compared to Euros 0 thousand as of December 31, 2022. At December 31, 2023, additions of intangible assets for which payment was still pending totaled Euros 1,952 thousand (Euros 845 thousand at December 31, 2022). The Group has no restrictions on the realizability of its intangible assets and no pledge exists on these assets as of December 31, 2023 and 2022. At December 31, 2023, there are commitments for the acquisition of intangible assets for Euros 1,127 thousand (Euros 1,728 thousand at December 31, 2022). b) Goodwill The Goodwill breakdown by CGU as of December 31, 2023 and December 31, 2022 is as follows:
(In thousand Euros) |  | ARES |  |  | Coil |  |  | Nordics |  |  | Electromaps/ Software |  |  | Total |
2023 |  |  | 4,424 |  |  |  | 3,101 |  |  |  | 2,403 |  |  |  | 3,457 |  |  |  | 13,385 |
2022 |  |  | 5,571 |  |  |  | 3,503 |  |  |  | 2,570 |  |  |  | 3,457 |  |  |  | 15,101 |
The change in the carrying amount of goodwill corresponds to the exchange differences from the Nordics and Coil business combination.

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