27.2 Quantitative data

Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

Movement in intangible assets (by type groups) in the year ended 31 December 2017

 Software, licenses and similar assetsTrademarksClient relationsIntangible assets under developmentOther intangible assetsTotal intangible assets
Gross value at the beginning of the period1,509274623177682,651
Changes (by virtue of):8033331,2688272,493
- purchases and in-house production122--2472371
- change in composition of the group4723401,28564102,171
- transfers240--(241)1-
- sale and liquidation(22)---(4)(26)
- foreign exchange differences and other(9)(7)(17)12(2)(23)
Gross value at the end of the period2,3126071,891259755,144
Accumulated amortization at the beginning of the period(772)-(345)-(49)(1,166)
Changes (by virtue of):(245)-(264)-(4)(513)
- amortization for the period(269)-(278)-(9)(556)
- sale and liquidation22---426
- foreign exchange differences and other2-14-117
Accumulated amortization at the end of the period(1,017)-(609)-(53)(1,679)
Impairment losses at the beginning of the period(16)---(6)(22)
Changes charged to other operating expenses---(11)5(6)
Other changes3--3-6
Impairment loss – at the end of the period(13)--(8)(1)(22)
Net value of intangible assets at the end of the period1,2826071,282251213,443
   

Movement in intangible assets (by type groups) in the year ended 31 December 2016

 Software, licenses and similar assetsTrademarksClient relationsIntangible assets under developmentOther intangible assetsTotal intangible assets
Gross value at the beginning of the period1,269269573175602,346
Changes (by virtue of):24055028305
- purchases and in-house production38--2152255
- change in composition of the group46-422-90
- transfers177--(179)2-
- sale and liquidation(22)--(19)-(41)
- foreign exchange differences and other158(17)41
Gross value at the end of the period1,509274623177682,651
Accumulated amortization at the beginning of the period(656)-(248)-(38)(942)
Changes (by virtue of):(116)-(97)-(11)(224)
- amortization for the period(137)-(90)-(9)(236)
- sale and liquidation22----22
- foreign exchange differences and other(1)-(7)-(2)(10)
Accumulated amortization at the end of the period(772)-(345)-(49)(1,166)
Impairment losses at the beginning of the period(8)--(3)-(11)
Changes charged to other operating expenses(9)---(6)(15)
Other changes1--3-4
Impairment loss – at the end of the period(16)---(6)(22)
Net value of intangible assets at the end of the period721274278177131,463

Trademarks, which are intangible assets with an indefinite period of useful life, were subject to an impairment test together with the CGUs to which they belong. The tests have shown no need to recognize impairment losses. Additional information about the tests is presented in section 26.3.

Amortization of intangible assets, by their presentation in consolidated profit and loss account1 January – 31 December 20171 January – 31 December 2016
Claims, benefits and movement in technical provisions3124
Acquisition expenses3434
Administrative expenses21088
Other operating expenses 1)28190
Total amortization556236

1) Including the amortization of intangible assets purchased in the business acquisitions in the amount of PLN 278 million (PLN 90 million in 2016).

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