22. Intangible assets

Development of intangible assets

in € thousand

 

Goodwill

 

Software

 

Internally
developed software

 

Other
intangible assets

 

Payments
made on account

 

Total

Carrying amount as of 1 January 2017

 

38,930

 

9,722

 

24,691

 

860

 

1,510

 

75,713

Acquisition or production cost

 

 

 

 

 

 

 

 

 

 

 

 

1 January 2017

 

38,930

 

64,334

 

62,938

 

2,263

 

1,510

 

169,975

Additions

 

 

 

643

 

4,461

 

 

 

368

 

5,472

Disposals

 

 

 

- 29

 

- 760

 

 

 

-109

 

- 898

Reclassifications

 

 

 

212

 

-115

 

 

 

- 312

 

- 215

Changes in scope of consolidation/
consolidation method

 

 

 

 

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

 

 

- 290

 

 

 

- 2

 

 

 

- 292

31 December 2017

 

38,930

 

64,870

 

66,524

 

2,261

 

1,457

 

174,042

Accumulated depreciation, amortisation and impairment

 

 

 

 

 

 

 

 

 

 

 

 

1 January 2017

 

0

 

54,612

 

38,247

 

1,403

 

0

 

94,262

Additions

 

 

 

4,713

 

6,346

 

 

 

 

 

11,059

Disposals

 

 

 

- 702

 

- 82

 

 

 

 

 

- 784

Reclassifications

 

 

 

 

 

 

 

 

 

 

 

0

Changes in scope of consolidation/
consolidation method

 

 

 

 

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

 

 

- 174

 

 

 

 

 

 

 

- 174

31 December 2017

 

0

 

58,449

 

44,511

 

1,403

 

0

 

104,363

Carrying amount as of 31 December 2017

 

38,930

 

6,421

 

22,013

 

858

 

1,457

 

69,679

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount as of 1 January 2018

 

38,930

 

6,421

 

22,013

 

858

 

1,457

 

69,679

Acquisition or production cost

 

 

 

 

 

 

 

 

 

 

 

 

1 January 2018

 

38,930

 

64,870

 

66,524

 

2,261

 

1,457

 

174,042

Additions

 

7,587

 

1,901

 

7,676

 

93

 

1,440

 

18,697

Disposals

 

 

 

- 4,456

 

- 18

 

 

 

- 6

 

- 4,480

Reclassifications

 

 

 

366

 

 

 

1,160

 

- 366

 

1,160

Changes in scope of consolidation/
consolidation method

 

 

 

3

 

 

 

8,004

 

 

 

8,007

Effects of changes in exchange rates

 

 

 

91

 

 

 

- 39

 

 

 

52

31 December 2018

 

46,517

 

62,775

 

74,182

 

11,479

 

2,525

 

197,478

Accumulated depreciation, amortisation and impairment

 

 

 

 

 

 

 

 

 

 

 

 

1 January 2018

 

0

 

58,449

 

44,511

 

1,403

 

0

 

104,363

Additions

 

 

 

3,505

 

3,605

 

388

 

 

 

7,498

Disposals

 

 

 

- 4,456

 

 

 

 

 

 

 

- 4,456

Reclassifications

 

 

 

 

 

 

 

267

 

 

 

267

Changes in scope of consolidations/
consolidation method

 

 

 

 

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

 

 

56

 

 

 

- 3

 

 

 

53

31 December 2018

 

0

 

57,554

 

48,116

 

2,055

 

0

 

107,725

Carrying amount as of 31 December 2018

 

46,517

 

5,221

 

26,066

 

9,424

 

2,525

 

89,753

In the Container segment, goodwill of € 35,525 thousand is attributable to the cash-generating unit (CGU) CTT/Rosshafen and further goodwill of € 1,893 thousand is attributable to the CGU HCCR. Of the CGU CTT/Rosshafen’s goodwill, € 30,929 thousand was generated by the acquisition of all the shares in HHLA Rosshafen GmbH, Hamburg, in 2006. Goodwill is primarily derived from additional strategic options to expand the Group’s handling activities at the sites let long-term by the company.

Also included in the Container segment is the goodwill amounting to € 7,587 thousand derived from the acquisition of HHLA TK Estonia AS, Tallinn, Estonia, which comprises the value of the workforce of the acquired company and the opportunities arising from the business model, such as expansion of operations in the Baltic region, operations in Russia and the establishment of services. For further details, please refer to Note 3.

Carrying amounts for goodwill by segments

in € thousand

 

31.12.2018

 

31.12.2017

Container

 

45,005

 

37,418

Intermodal

 

1,512

 

1,512

 

 

46,517

 

38,930

The changes in the scope of consolidation of other intangible assets mainly include customer-related intangible assets (customer relations) in the amount of € 7,361 thousand relating to the simplified access of HHLA TK Estonia AS to an existing customer base.

Terminal

In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.

RoRo

Short for “roll on, roll off”, RoRo is a means of loading cargo which can simply be rolled or driven onto or off a ship. Most rolling cargo consists of cars of trucks, but project cargo is also transported in this way on special trailers.