[16] Goodwill and other intangible assets
Goodwill is broken down by Operating Unit as follows: > TABLE 061
in € million |
2019 |
2018 |
|---|---|---|
Industrial Trucks & Services |
1,502.9 |
1,500.7 |
LMH EMEA |
818.5 |
817.2 |
STILL EMEA |
549.0 |
549.2 |
KION Americas |
21.8 |
21.3 |
KION APAC |
113.6 |
112.9 |
Supply Chain Solutions |
1,972.9 |
1,924.2 |
Dematic |
1,972.9 |
1,924.2 |
Total goodwill |
3,475.8 |
3,424.8 |
The change in goodwill in 2019 resulted from currency effects.
The KION Group intends to retain and further strengthen its most important brand names on a long-term basis. Brand names worth €466.3 million are assigned to the LMH EMEA CGU (2018: €466.2 million) and brand names worth €110.4 million to the STILL EMEA CGU (2018: €114.6 million). As at 31 December 2019, the brand names allocated to the KION APAC CGU had a carrying amount of €7.8 million (2018: €7.8 million). These assets are not amortised as they have an indefinite useful life. The brand names allocated to the Supply Chain Solutions segment were worth €350.2 million as at the reporting date (2018: €350.6 million) and essentially had an indefinite useful life. > TABLE 062
in € million |
Goodwill |
Brand names |
Technology and development |
Sundry intangible assets |
Total |
|---|---|---|---|---|---|
Balance as at 01/01/2018 |
3,382.5 |
944.6 |
670.3 |
719.0 |
5,716.5 |
Group changes |
0.2 |
– |
– |
0.1 |
0.3 |
Currency translation adjustments |
42.1 |
–0.2 |
16.1 |
21.0 |
78.9 |
Additions |
– |
– |
84.0 |
26.7 |
110.7 |
Disposals |
– |
– |
–0.2 |
–0.0 |
–0.2 |
Amortisation |
– |
–0.1 |
–76.6 |
–106.1 |
–182.8 |
Impairment |
– |
– |
– |
–1.7 |
–1.7 |
Reclassification |
– |
– |
–4.0 |
4.0 |
– |
|
|
|
|
|
|
Balance as at 31/12/2018 |
3,424.8 |
944.3 |
689.7 |
662.9 |
5,721.6 |
Gross carrying amount as at 31/12/2018 |
3,424.8 |
954.9 |
992.4 |
1,000.1 |
6,372.2 |
Accumulated amortisation |
– |
–10.6 |
–302.7 |
–337.3 |
–650.6 |
|
|
|
|
|
|
Balance as at 01/01/2019 |
3,424.8 |
944.3 |
689.7 |
662.9 |
5,721.6 |
Group changes |
– |
– |
– |
0.0 |
0.0 |
Currency translation adjustments |
51.0 |
–0.0 |
9.9 |
14.5 |
75.4 |
Additions |
– |
– |
81.9 |
26.7 |
108.6 |
Disposals |
– |
– |
–0.0 |
–9.6 |
–9.6 |
Amortisation |
– |
–0.2 |
–82.1 |
–75.5 |
–157.9 |
Impairment |
– |
–4.2 |
–1.5 |
– |
–5.7 |
|
|
|
|
|
|
Balance as at 31/12/2019 |
3,475.8 |
939.8 |
697.9 |
619.0 |
5,732.5 |
Gross carrying amount as at 31/12/2019 |
3,475.8 |
946.4 |
1,042.6 |
999.9 |
6,464.8 |
Accumulated amortisation |
– |
–6.6 |
–344.7 |
–381.0 |
–732.3 |
The total carrying amount for technology and development assets as at 31 December 2019 was €697.9 million (2018: €689.7 million). Development costs of €81.9 million were capitalised in the reporting year (2018: €84.0 million).
Sundry intangible assets relate in particular to customer relationships amounting to €541.3 million (2018: €575.7 million).