P9 Intangible assets

 

Patents and other intangible assets

Goodwill

Total

Cost

 

 

 

At January 1, 2020

120

139

259

Additions

4

4

Divestments and disposals

–40

–40

Reclassifications

3

3

At December 31, 2020

87

139

226

 

 

 

 

Accumulated amortization

 

 

 

At January 1, 2020

88

86

174

Divestments and disposals

–22

–22

Amortization for the year

8

27

35

At December 31, 2020

74

113

187

 

 

 

 

Net carrying amount

 

 

 

At December 31, 2020

13

26

39

 

 

 

 

Cost

 

 

 

At January 1, 2021

87

139

226

Additions

667

667

At December 31, 2021

754

139

893

 

 

 

 

Accumulated amortization

 

 

 

At January 1, 2021

74

113

187

Amortization for the year

95

26

121

At December 31, 2021

169

139

308

 

 

 

 

Net carrying amount

 

 

 

At December 31, 2021

585

0

585

 

2020

2021

Administrative expenses

–35

–32

Research and development costs

–89

Total

–35

–121

Accounting principles

Intangible assets

The Parent Company recognizes all expenditure for research and development conducted on a proprietary basis as an expense in profit or loss.

Amortization of intangible assets

Intangible assets are amortized on a straight-line basis over the estimated useful lives. Intangible assets are amortized from the date they are available to use. The estimated useful lives are as follows:

  • Patents 10–20 years
  • Goodwill 10 years

Borrowing costs

In the Parent Company, borrowing costs are expensed in the periods to which they relate. Borrowing costs for assets are not capitalized.