Annual report 2019

102

15. INTANGIBLE ASSETS

GOODWILL

OTHER

TOTAL

Balance as at 1 January 2019 Cost

629,426 - 532,349

121,125 - 98,562 22,563

750,551 - 630,911 119,640

Accumulated amortization and impairments

Carrying amount

97,077

Movements Amortization

- - -

- 3,557

- 3,557

Currency translation differences and other movements

300

300

- 3,257

- 3,257

Balance as at 31 December 2019 Cost Accumulated amortization and impairments

634,671 - 537,594

121,965 - 102,659

756,636 - 640,253 116,383

Carrying amount

97,077

19,306

GOODWILL

OTHER

TOTAL

Balance as at 1 January 2018 Cost

615,737 - 363,721 252,016

128,328 - 102,914

744,065 - 466,635 277,430

Accumulated amortization and impairments

Carrying amount

25,414

Movements Amortization

-

- 3,471

- 3,471

Impairment charges

- 154,939

-

- 154,939

Currency translation differences and other movements

-

620

620

- 154,939

- 2,851

- 157,790

Balance as at 31 December 2018 Cost Accumulated amortization and impairments

629,426 - 532,349

121,125 - 98,562 22,563

750,551 - 630,911 119,640

Carrying amount

97,077

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 L 9 -- BOSKALIS FINANCIAL STATEMENTS 2019

Currency translation differences mainly relate to goodwill and other intangible assets resulting from the acquisitions of Dockwise and Fairmount, both of which are denominated in USD. Following impairment charges recognized in previous years, currency translation differences do not occur with respect to the carrying amount of goodwill. However, cost and accumulated amortization and impairments are still impacted by currency translation differences.