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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.
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