4.3.14Intangible Assets
2021
|
Development costs |
Software |
Intangible assets under construction |
Patents |
Total |
|
|---|---|---|---|---|---|
|
Cost |
29 |
24 |
31 |
19 |
103 |
|
Accumulated amortization and impairment |
(20) |
(14) |
- |
(19) |
(54) |
|
Book value at 1 January |
8 |
10 |
31 |
0 |
50 |
|
Additions |
5 |
4 |
36 |
- |
46 |
|
Amortization |
(5) |
(4) |
- |
- |
(9) |
|
Total movements |
0 |
(0) |
35 |
- |
36 |
|
Cost |
34 |
25 |
67 |
19 |
145 |
|
Accumulated amortization and impairment |
(25) |
(15) |
- |
(19) |
(59) |
|
Book value at 31 December |
9 |
11 |
67 |
0 |
86 |
2020
|
Development costs |
Software |
Intangible assets under construction |
Patents |
Total |
|
|---|---|---|---|---|---|
|
Cost |
34 |
16 |
- |
19 |
69 |
|
Accumulated amortization and impairment |
(16) |
(11) |
- |
(19) |
(46) |
|
Book value at 1 January |
18 |
5 |
- |
0 |
23 |
|
Additions |
4 |
8 |
18 |
- |
30 |
|
Amortization |
(4) |
(3) |
- |
- |
(7) |
|
Other movements |
(9) |
0 |
13 |
- |
4 |
|
Total movements |
(9) |
5 |
31 |
- |
27 |
|
Cost |
29 |
24 |
31 |
19 |
103 |
|
Accumulated amortization and impairment |
(20) |
(14) |
- |
(19) |
(53) |
|
Book value at 31 December |
9 |
10 |
31 |
0 |
50 |
The increase in Intangible Assets Under Construction mainly relates to costs capitalized relating to the design and implementation of the migration to the new global ERP system, the capitalization of software licenses and other capital expenditures related to the IT infrastructure upgrade project.
In 2021, the Company did not recognize any impairment related to intangible assets.
Amortization of development costs is included in ’Research and development expenses’ in the income statement in 2021 for US$5 million (2020: US$4 million).
Amortization of software is included in ’General and administrative expenses’ in the income statement in 2021 for US$4 million (2020: US$3 million).