Movement in intangible assets (by type groups) in the year ended 31 December 2020 | Software, licenses and similar assets | Trademarks | Client relations | Intangible assets under development | Other intangible assets | Total intangible assets |
Gross value at the beginning of the period | 2,955 | 612 | 1,975 | 463 | 85 | 6,090 |
Changes: | 487 | 10 | 24 | 102 | 14 | 637 |
- purchases and in-house production | 82 | - | - | 773 | 5 | 860 |
- change in composition of the Group | - | - | - | - | - | - |
- transfers | 648 | - | - | (655) | 7 | - |
- sale and liquidation | (249) | - | - | (7) | (2) | (258) |
- foreign exchange differences and other | 6 | 10 | 24 | (9) | 4 | 35 |
Gross value at the end of the period | 3,442 | 622 | 1,999 | 565 | 99 | 6,727 |
Accumulated depreciation at the beginning of the period | (1,662) | - | (1,177) | - | (68) | (2,907) |
Changes: | (209) | - | (196) | - | (8) | (413) |
- depreciation for the period | (450) | - | (173) | - | (7) | (630) |
- sale and liquidation | 242 | - | - | - | 2 | 244 |
- transfers | - | - | - | - | - | - |
- foreign exchange differences and other | (1) | - | (23) | - | (3) | (27) |
Accumulated amortization at the end of the period | (1,871) | - | (1,373) | - | (76) | (3,320) |
Impairment charges at the beginning of the period | (15) | - | - | (11) | - | (26) |
Changes charged to other operating expenses | (8) | (100) | (61) | (12) | - | (181) |
Other changes | - | - | - | 6 | - | 6 |
Impairment losses at the end of the period | (23) | (100) | (61) | (17) | - | (201) |
Net value of intangible assets at the end of the period | 1,548 | 522 | 565 | 548 | 23 | 3,206 |
Movement in intangible assets (by type groups) in the year ended 31 December 2019 (restated data) |
Software, licenses and similar assets | Trademarks | Client relations | Intangible assets under development | Other intangible assets | Total intangible assets |
Gross value at the beginning of the period | 2,563 | 611 | 1,900 | 365 | 80 | 5,519 |
Changes: | 392 | 1 | 75 | 98 | 5 | 571 |
- purchases and in-house production | 43 | - | - | 486 | 5 | 534 |
- change in composition of the Group | - | 3 | 78 | 1 | 1 | 83 |
- transfers | 370 | - | - | (377) | (1) | (8) |
- sale and liquidation | (22) | - | - | (3) | - | (25) |
- foreign exchange differences and other | 1 | (2) | (3) | (9) | - | (13) |
Gross value at the end of the period | 2,955 | 612 | 1,975 | 463 | 85 | 6,090 |
Accumulated depreciation at the beginning of the period | (1,299) | - | (947) | - | (64) | (2,310) |
Changes: | (363) | - | (230) | - | (4) | (597) |
- depreciation for the period | (383) | - | (233) | - | (8) | (624) |
- sale and liquidation | 22 | - | - | - | - | 22 |
- transfers | - | - | - | - | 4 | 4 |
- foreign exchange differences and other | (2) | - | 3 | - | - | 1 |
Accumulated amortization at the end of the period | (1,662) | - | (1,177) | - | (68) | (2,907) |
Impairment charges at the beginning of the period | (14) | - | - | (11) | (4) | (29) |
Changes charged to other operating expenses | (1) | - | - | (2) | - | (3) |
Other changes | - | - | - | 2 | 4 | 6 |
Impairment losses at the end of the period | (15) | - | - | (11) | - | (26) |
Net value of intangible assets at the end of the period | 1,278 | 612 | 798 | 452 | 17 | 3,157 |
Amortization of intangible assets, by their presentation in consolidated profit and loss account | 1 January – 31 December 2020 | 1 January – 31 December 2019 |
Claims and movement in technical provisions | 27 | 23 |
Acquisition costs | 25 | 36 |
Administrative expenses | 397 | 326 |
Other operating expenses 1 | 181 | 239 |
Total amortization | 630 | 624 |
1 Including the amortization of intangible assets purchased in company acquisition transactions in the amount of PLN 173 million (PLN 233 million in 2019).
e-mail: IR@pzu.pl
Magdalena Komaracka, IR Director, tel. +48 (22) 582 22 93
Piotr Wiśniewski, IR Manager, tel. +48 (22) 582 26 23
Aleksandra Jakima-Moskwa, tel. +48 (22) 582 26 17
Aleksandra Dachowska, tel. +48 (22) 582 43 92
Piotr Wąsiewicz, tel. +48 (22) 582 41 95