Anders Hedin Invest Årsredovisning 1
NOTE 15 INTANGIBLE FIXED ASSETS Intellectual prop
erty rights Acquisition costs Opening balance January 1, 2016 New acquisitions Business acquisitions Sales/disposals Conversion differences Closing balance December 31, 2016 New acquisitions Business acquisitions Sales/disposals Conversion differences Closing balance December 31, 2017 Accumulated depreciation Opening balance January 1, 2016 Depreciation for the year Sales/disposals Conversion differences Closing balance December 31, 2016 Depreciation for the year Sales/disposals Conversion differences Closing balance December 31, 2017 Book value December 31, 2016 Book value December 31, 2017 Impairment testing of goodwill Goodwill is monitored by the management at Group level. Impairment testing of goodwill attributable to cash-generating units and other intangible assets is conducted annually. Estimated recovery values are based on the management's expectations of future earnings and cash flow. The estimated cash flows are based on five-year forecasts using estimated market trends. After the five-year period, the cash flow is based on a permanent growth rate of 2%. When calculating recovery values for cash-generating units, a discount factor of 11.4% (8.4%) before tax has been used, based on the weighted average cost of capital (WACC) and value in use, as the basis for the recoverable amount. 37,595 5,489 517 -3,850 636 40,387 6,844 6,845 -1,264 -902 51,910 0 0 285,365 0 -6,855 278,510 0 70,286 0 45,474 0 47 115,807 0 1,007,199 0 -19,315 1,103,691 107,881 5,489 45,991 -3,850 683 156,194 6,844 1,299,409 -1,264 -27,072 1,434,111 Customer relations Goodwill Total -3,769 -2,426 3,585 -47 0 0 -3,769 -2,426 3,585 -47 -2,657 -3,199 576 42 -5,238 37,730 46,672 0 -2,307 68 -2,239 0 276,271 0 115,807 1,103,691 0 0 -2,657 -5,506 576 110 -7,477 153,537 1,426,634 90 ANDERS HEDIN INVEST AB / ANNUAL REPORT / 2017