DSV Annual Report 2022
59
DSV Annual Report 2022 Consolidated financial statements 2022
= III
3.2 Intangible assets
Goodwill
Only goodwill arising from business combinations is recognised in the finan-
cial statements. Goodwill is measured as the difference between the total of
the fair value of the consideration transferred, the value of non-controlling
interests and any equity investments previously held in the acquiree, com-
pared to the fair value of identifiable net assets on the date of acquisition.
Goodwill is not amortised, but is tested for impairment at least annually.
Customer relationships
On initial recognition, customer relationships identified from business com-
binations are recognised in the balance sheet at fair value. Subsequently,
customer relationships are measured at cost less accumulated amortisation
and impairment losses.
Customer relationships are amortised over a period of eight years using the
diminishing balance method.
Software and software in progress
Software bought or developed for internal use is measured at the lower of
cost less accumulated amortisation and impairment losses and the recover-
able amount. Cost comprises payments for the software and other directly
attributable expenses of preparing the software for its intended use.
After commissioning, software is amortised on a straight-line basis over its
expected useful life. The amortisation period is 1-8 years.
Intangible assets (DKKm)
Cost at 1 January
Additions from business combinations/previous period adjustments
Additions
Disposals
Reclassifications
Currency translation
Total cost at 31 December
Total amortisation and impairment at 1 January
Amortisation and impairments for the year
Disposals
Reclassification
Currency translation
Total amortisation and impairment at 31 December
Carrying amount at 31 December
2022
2021
Goodwill
Customer
relationships
75,063
2,565
Software
1,212
Software in
progress
280
Total
79,120
47,476
Customer
Goodwill relationships
2,032
Software
Software in
progress
Total
1,265
206
50,979
370
370
25,333
569
1
13
42
238
280
56
247
25,916
303
(27)
(250)
(2)
(279)
(56)
(246)
(43)
(345)
174
(174)
143
(143)
860
76,293
36
2
898
2,574
1,180
342
80,389
2,254
75,063
20
(7)
2,267
2,565
1,212
280
79,120
1,719
740
254
185
2,459
439
1,551
763
2,314
212
218
430
(27)
(191)
(218)
(56)
(241)
(297)
7
7
35
35
12
(7)
5
1,981
734
2,715
1,719
740
2,459
76,293
593
446
342
77,674
75,063
846
472
280
76,661View entire presentation