Investor Presentaiton
76
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Note 6 Intangible assets
Table 6.1
Goodwill Terminal and service
concession rights
Customer relations
and brand name
Other rights
Total
Cost
1 January 2019
Addition
Acquired in business combinations
Disposal
Disposal on sale of businesses
Transfer, assets held for sale
Exchange rate adjustment
31 December 2019
Addition
1,039
2,978
43
26
1,136
562
5,715
121
164
25
-
51
3
3
-4
-22
-8
-1
-24
-1
-3
-34
-29
1,060
2,975
1,160
669
5,864
23
203
Acquired in business combinations'
309
240
272
86
226
907
Disposal
1
1
Transfer
-7
3
-3
-7
Transfer, assets held for sale
-57
-4
-61
Exchange rate adjustment
53
41
6
27
127
31 December 2020
1,422
3,215
1,441
977
7,055
Amortisation and impairment losses
1 January 2019
394
498
75
Amortisation
100
70
Impairment losses
35
6
301
470
1,437
30
200
6
47
Disposal
3
3
Transfer, assets held for sale
-4
-17
-6
-27
Exchange rate adjustment
31 December 2019
Amortisation
-2
-7
-9
423
580
145
497
1,645
113
82
38
233
Impairment losses
13
-
13
Disposal
1
1
Transfer
Transfer, assets held for sale
Exchange rate adjustment
-4
-4
-18
-18
31
1
10
42
454
685
227
544
1,910
31 December 2020
Carrying amount:
31 December 2019
31 December 2020
637
2,3952
1,015
1723
4,219
968
2,5302
1,2141
4333
5,145
Amounts in USD million
=
Table 6.1
1 Acquisition of KGH Customs Services, Performance
Team LLC, Port Towage Amsterdam, and Pipavav
Terminal cf. note 21.
2 Of which USD 22m (USD 95m) is under development.
USD 27m (USD 31m) is related to terminal rights with
indefinite useful life in Poti Sea Port Corp, Georgia. The
impairment test is based on the estimated fair value ac-
cording to business plans. An average discount rate of
11.8% (11.7%) p.a. after tax has been applied in the cal-
culations. Furthermore, the developments in volumes
and rates are significant parameters. Service concession
rights with a carrying amount of USD 86m (USD 74m)
have restricted title.
3 Of which USD 202m (USD 73m) is related to ongoing
development of software.View entire presentation