IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT 9. INTANGIBLE ASSETS AND GOODWILL Goodwill and intangible assets are broken down as follows: Dec/2019 Dec/2018 Goodwill 87 968 225 90 846 327 Intangible assets 36 440 964 36 146 157 124 409 189 126 992 484 In the years ending on 31 December 2019 and 2018, the movement in the value of intangible assets, amortization and accumulated impairment losses were as follows: Goodwill Brands Industrial property Other intangible Assets Intangible Assets in progress Total 01 January 2018 Cost 92 862 786 22 000 000 40 254 584 13 873 100 1 312 455 170 302 925 Accumulated amortization - 1 283 333 25 197 741 12 135 892 - 38 616 967 Accumulated impairment - - 3 665 332 41 875 - 3 707 206 Net amount 92 862 786 20 716 667 11 391 511 1 695 333 1 312 455 127 978 752 1 January 2018 Initial net amount 92 862 786 20 716 667 11 391 511 1 695 333 1 312 455 127 978 752 Hyperinflationary Economies (IAS 29) - - 43 435 - 89 612 133 047 Currency conversion - - -226 244 - -266 369 -492 613 Additions - - 1 854 935 217 503 1 244 006 3 316 444 Decreases - - 54 932 - 3 670 58 602 Transfers - - 5 552 - -5 552 - Amortization in the year - 1 100 000 547 555 204 805 - 1 852 361 Impairment in the year 2 016 459 - 15 723 - - 2 032 182 Final net amount 90 846 327 19 616 667 12 450 980 1 708 028 2 370 483 126 992 484 31 December 2018 Cost 90 846 327 22 000 000 42 232 722 12 960 943 2 370 483 170 410 475 Accumulated amortization - 2 383 333 26 100 687 11 211 040 - 39 695 060 Accumulated impairment - - 3 681 055 41 875 - 3 722 930 Net amount 90 846 327 19 616 667 12 450 980 1 708 028 2 370 483 126 992 484 253