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 assets | Trademarks | Client relations | Intangible assets under development | Other intangible assets | Total intangible assets | |
| Gross value at the beginning of the period | 1,509 | 274 | 623 | 177 | 68 | 2,651 |
| Changes (by virtue of): | 803 | 333 | 1,268 | 82 | 7 | 2,493 |
| - purchases and in-house production | 122 | - | - | 247 | 2 | 371 |
| - change in composition of the group | 472 | 340 | 1,285 | 64 | 10 | 2,171 |
| - transfers | 240 | - | - | (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 period | 2,312 | 607 | 1,891 | 259 | 75 | 5,144 |
| 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 liquidation | 22 | - | - | - | 4 | 26 |
| - foreign exchange differences and other | 2 | - | 14 | - | 1 | 17 |
| 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 changes | 3 | - | - | 3 | - | 6 |
| Impairment loss – at the end of the period | (13) | - | - | (8) | (1) | (22) |
| Net value of intangible assets at the end of the period | 1,282 | 607 | 1,282 | 251 | 21 | 3,443 |
Movement in intangible assets (by type groups) in the year ended 31 December 2016
| 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 | 1,269 | 269 | 573 | 175 | 60 | 2,346 |
| Changes (by virtue of): | 240 | 5 | 50 | 2 | 8 | 305 |
| - purchases and in-house production | 38 | - | - | 215 | 2 | 255 |
| - change in composition of the group | 46 | - | 42 | 2 | - | 90 |
| - transfers | 177 | - | - | (179) | 2 | - |
| - sale and liquidation | (22) | - | - | (19) | - | (41) |
| - foreign exchange differences and other | 1 | 5 | 8 | (17) | 4 | 1 |
| Gross value at the end of the period | 1,509 | 274 | 623 | 177 | 68 | 2,651 |
| 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 liquidation | 22 | - | - | - | - | 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 changes | 1 | - | - | 3 | - | 4 |
| Impairment loss – at the end of the period | (16) | - | - | - | (6) | (22) |
| Net value of intangible assets at the end of the period | 721 | 274 | 278 | 177 | 13 | 1,463 |
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 account | 1 January – 31 December 2017 | 1 January – 31 December 2016 |
| Claims, benefits and movement in technical provisions | 31 | 24 |
| Acquisition expenses | 34 | 34 |
| Administrative expenses | 210 | 88 |
| Other operating expenses 1) | 281 | 90 |
| Total amortization | 556 | 236 |
1) Including the amortization of intangible assets purchased in the business acquisitions in the amount of PLN 278 million (PLN 90 million in 2016).
