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13 Other intangible assets
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Ahold Annual Report 2003
Financial Statements
133
Trade name
licenses
Customer
relationships
Software
Lease-related
intangibles
Other
Total
Balance as of December 31, 2000
67
138
147
29
381
Investments
140
10
20
170
Divestments
(6)
(2)
(1)
(9)
Acquired in business acquisitions
45
325
62
85
2
519
Amortization
(8)
(6)
(65)
(16)
(9)
(104)
Impairment
(8)
(8)
Exchange rate differences
1
(1)
9
12
2
23
Balance as of December 30, 2001
105
318
270
236
43
972
Investments
140
20
160
Divestments
(7)
(4)
(3)
(14)
Acquired in business acquisitions
7
16
(31)
12
12
16
Amortization
(9)
(44)
(94)
(19)
(14)
(180)
Impairment
(2)
(3)
(1)
(6)
Exchange rate differences
(10)
(46)
(36)
(35)
(7)
(134)
Balance as of December 29, 2002
91
244
239
190
50
814
Investments
110
34
30
174
Divestments
(1)
(4)
(1)
(2)
(8)
Acquired in business acquisitions
(23)
(2)
47
(6)
16
Amortization
(8)
(37)
(104)
(18)
(16)
(183)
Impairment
(24)
(2)
(1)
(27)
Exchange rate differences
(5)
(36)
(32)
(36)
(6)
(115)
Balance as of December 28, 2003
30
171
205
215
50
671
At cost
34
242
477
271
103
1,127
Accumulated amortization
(4)
(71)
(272)
(56)
(53)
(456)
Book value
30
171
205
215
50
671
Estimated amortization expense for the coming five years is:
2004
244
2005
130
2006
85
2007
64
2008
64
The weighted average amortization period by class and in total is:
Trade name licenses
10 years
Customer relationships
7 years
Software
3 years
Lease-related intangibles
15 years
Other
6 years
Total
4.5 years
In 2003, the Company evaluated the recoverability of certain intangible assets due to a general slow-down in the
economic environment and increased competition in certain geographic locations. An asset impairment charge
was recognized when the carrying value of the affected assets exceeded the recoverable amount, which was
calculated using discounted future net cash flows expected to result from the use of the intangible asset and
its eventual disposition. Consequently, an impairment charge of EUR 27 was recognized during 2003, of which
EUR 24 related to an impairment of the trade name licenses of PYA Monarch.
