| Identified Intangible Assets |
12 Identified Intangible Assets
The changes in identified intangible assets were as follows:
|
|
|
Total |
|
|
|
Balance as of January 1, 2017: |
|
|
|
|
|
|
Cost |
|
|
9,512 |
|
|
|
Accumulated amortization/impairment |
|
|
(2,169 |
) |
|
|
Book value |
|
|
7,343 |
|
|
|
Changes in book value: |
|
|
|
|
|
|
Acquisitions/additions |
|
|
78 |
|
|
|
Amortization |
|
|
(1,539 |
) |
|
|
Impairment |
|
|
(23 |
) |
|
|
Translation differences |
|
|
4 |
|
|
|
Total changes |
|
|
(1,480 |
) |
|
|
Balance as of December 31, 2017: |
|
|
|
|
|
|
Cost |
|
|
9,335 |
|
|
|
Accumulated amortization/impairment |
|
|
(3,472 |
) |
|
|
Book value |
|
|
5,863 |
|
|
|
Changes in book value: |
|
|
|
|
|
|
Acquisitions/additions |
|
|
114 |
|
|
|
Amortization |
|
|
(1,509 |
) |
|
|
Translation differences |
|
|
(1 |
) |
|
|
Total changes |
|
|
(1,396 |
) |
|
|
Balance as of December 31, 2018: |
|
|
|
|
|
|
Cost |
|
|
9,183 |
|
|
|
Accumulated amortization/impairment |
|
|
(4,716 |
) |
|
|
Book value |
|
|
4,467 |
|
|
Identified intangible assets as of December 31, 2018 and 2017 respectively were composed of the following:
|
|
|
December 31, 2018 |
|
|
December 31, 2017 |
|
|
|
|
Gross carrying
amount |
|
|
Accumulated
amortization |
|
|
Gross carrying
amount |
|
|
Accumulated
amortization |
|
|
IPR&D 1) |
|
|
276 |
|
|
|
- |
|
|
|
687 |
|
|
|
- |
|
|
Marketing-related |
|
|
81 |
|
|
|
(50 |
) |
|
|
82 |
|
|
|
(34 |
) |
|
Customer-related |
|
|
964 |
|
|
|
(301 |
) |
|
|
1,155 |
|
|
|
(437 |
) |
|
Technology-based |
|
|
7,862 |
|
|
|
(4,365 |
) |
|
|
7,411 |
|
|
|
(3,001 |
) |
|
Identified intangible assets |
|
|
9,183 |
|
|
|
(4,716 |
) |
|
|
9,335 |
|
|
|
(3,472 |
) |
|
1) |
IPR&D is not subject to amortization until completion or abandonment of the associated research and development effort. |
The estimated amortization expense for these identified intangible assets, excluding software, for each of the five succeeding years is:
|
2019 |
|
|
1,533 |
|
|
2020 |
|
|
1,308 |
|
|
2021 |
|
|
504 |
|
|
2022 |
|
|
418 |
|
|
2023 |
|
|
230 |
|
All intangible assets, excluding IPR&D and goodwill, are subject to amortization and have no assumed residual value.
The expected weighted average remaining life of identified intangibles is 4 years as of December 31, 2018.
|