Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
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156<br />
Notes to the Consolidated Financial Statements<br />
3<br />
Intangibles<br />
This heading includes primarily the acquisition of goodwill, patents, rights to the use of names and<br />
trademarks, and IT software. IT software and goodwill account for the majority of additions.<br />
Any resulting goodwill is subject to scheduled amortization over a period of not more than 20 years.<br />
Other intangibles are subject to scheduled depreciation over periods of between three and 10 years.<br />
In fiscal year <strong>2012</strong> an additional provision in the amount of EUR 18.7 million was made against goodwill<br />
in <strong>Knorr</strong>-<strong>Bremse</strong> Systeme für Schienenfahrzeuge Ibero Holding GmbH, Munich/Germany.<br />
All intangible assets have a limited useful life.<br />
4<br />
Fixed assets<br />
Movements of fixed assets are presented in the compilation on the preceding pages. To take technical<br />
and economic factors into account, scheduled depreciation was applied to acquisition costs.<br />
5<br />
Investments<br />
Investment movements are set out in the compilation above.<br />
The company Gorilla Brake & Components, Inc., Brantfort, Ontario/Canada, hitherto valued using the equity<br />
method, was sold in fiscal year <strong>2012</strong>. Miscellaneous investments consist of miscellaneous loans (TEUR<br />
16,624), loans to affiliated companies (TEUR 42,508), long-term investments (TEUR 1,823), and investments<br />
in other companies (TEUR 149).<br />
List of shareholdings<br />
1 Consolidated affiliated companies Share in<br />
capital in %<br />
Albatros GmbH, Munich/Germany 100.0<br />
Anchor Brake Shoe Company LLC, West Chicago/USA 100.0<br />
BCVS Canadian Holdings LLC, Anjou, Quebec/Canada 100.0<br />
BCVS Mexican Holdings LLC, Cd Acuña, Coah/Mexico 100.0<br />
Bendix Commercial Vehicle Systems LLC, Elyria, Ohio/USA 100.0<br />
Bendix CVS Canada Inc., Anjou, Quebec/Canada 100.0<br />
Bendix CVS de Mexico SA de CV, Cd Acuña, Coah/Mexico 100.0<br />
Bendix Spicer Foundation Brake Canada, Inc., Kingston, Ontario/Canada 100.0<br />
Bendix Spicer Foundation Brake LLC, Elyria, Ohio/USA 80.0<br />
Bost Ibérica S.L., San Fernando de Henares/Spain 100.0<br />
BSFB Holdings, Inc., Elyria, Ohio/USA 100.0<br />
Comet Fans S.r.l., Solaro, Milan/Italy 100.0<br />
Dr. techn. Josef Zelisko Ges.m.b.H., Mödling/Austria 100.0<br />
Freinrail Systèmes Ferroviaires S.A., Reims/France 100.0<br />
Hasse & Wrede CVS Dalian, China Ltd., Dalian/China 70.0