Note 8 - Intangible assets
| Group, SEK million |
Capitalised development projects |
|
Ongoing projects |
|
Total Parent Company |
|
Goodwill |
|
Licenses |
|
Other |
|
Total Group |
| Accumulated cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening balance, 1 January 2012 |
488 |
|
10 |
|
498 |
|
19 |
|
19 |
|
1 |
|
537 |
| Acquisitions |
5 |
|
31 |
|
36 |
|
— |
|
0 |
|
— |
|
36 |
| Reclassifications |
10 |
|
–10 |
|
0 |
|
— |
|
— |
|
— |
|
0 |
| Sales/disposals |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| Closing balance, 31 December 2012 |
502 |
|
31 |
|
533 |
|
19 |
|
19 |
|
1 |
|
572 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening balance, 1 January 2013 |
502 |
|
31 |
|
533 |
|
19 |
|
19 |
|
1 |
|
572 |
| Acquisitions |
3 |
|
98 |
|
101 |
|
— |
|
— |
|
— |
|
101 |
| Reclassifications |
16 |
|
–16 |
|
0 |
|
— |
|
— |
|
— |
|
0 |
| Sales/disposals |
–– |
|
–– |
|
— |
|
— |
|
–0 |
|
— |
|
–0 |
| Closing balance, 31 December 2013 |
522 |
|
112 |
|
634 |
|
19 |
|
19 |
|
1 |
|
673 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated amortisation and impairment |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening balance, 1 January 2012 |
–313 |
|
— |
|
–313 |
|
— |
|
–15 |
|
–1 |
|
–328 |
| Amortisation for the year |
–60 |
|
— |
|
–60 |
|
— |
|
–3 |
|
–0 |
|
–63 |
| Impairment for the year |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| Sales/disposals |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| Closing balance, 31 December 2012 |
–372 |
|
— |
|
–372 |
|
— |
|
–18 |
|
–1 |
|
–391 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Opening balance, 1 January 2013 |
–372 |
|
— |
|
–372 |
|
— |
|
–18 |
|
–1 |
|
–391 |
| Amortisation for the year |
–56 |
|
— |
|
–56 |
|
— |
|
–1 |
|
0 |
|
–58 |
| Impairment for the year |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| Sales/disposals |
— |
|
— |
|
— |
|
— |
|
0 |
|
— |
|
0 |
| Closing balance, 31 December 2013 |
–428 |
|
— |
|
–428 |
|
— |
|
–19 |
|
–1 |
|
–448 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Carrying amount 31 December 2012 |
130 |
|
31 |
|
161 |
|
19 |
|
2 |
|
0 |
|
182 |
| Carrying amount 31 December 2013 |
93 |
|
112 |
|
205 |
|
19 |
|
0 |
|
0 |
|
225 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
The carrying amount of SEK 19.1 million (19.1) for goodwill pertains to shares acquired in the company Playscan AB, whose operations comprise the development, maintenance and sale of the responsible gaming tool, Playscan.
Impairment assessments
Annual testing is carried out of the Group’s intangible assets when indications exist of a need for impairment. When measuring the value of intangible assets, the recoverable amount is calculated on future estimated cash flows. The estimated cash flows are primarily estimated sales and expenses for each respective asset. The sales assessment has been completed by means of internal analyses of the available market and the market penetration attained for the games and lotteries of the particular assets.
Testing shows that no impairment requirement exists: the recoverable amount exceeds the carrying amount for all tested cash-generating units by an ample margin. Completed sensitivity analyses show that even material changes in the cost of capital, for example, do not change this relation.
The cost of capital calculated by the company takes into account the risk-free interest rate and market risks. In addition to these, there are a number of operationally specific risks for the gaming market. For 2013, the cost of capital was 4.9%, based on the aforementioned factors.
