MONCLER ANNUAL REPORT AT 31 DECEMBER 2020CONSOLIDATED FINANCIAL STATEMENTS 107106
5.
COMMENTS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
5.1. GOODWILL, BRANDS AND OTHER INTANGIBLE ASSETS
Brands and other intangible assets (Euro/000)
31 December 2020 31 December 2019
Gross value
Accumulated amortization
and impairment Net value Net value
Brands 223,900 0 223,900 223,900
Key money 56,837 (41,733) 15,104 20,513
Software 77,839 (40,835) 37,004 27,404
Other intangible assets 10,888 (8,741) 2,147 2,157
Assets in progress 4,153 0 4,153 5,416
Goodwill 155,582 0 155,582 155,582
Total 529,199 (91,309) 437,890 434,972
Intangible assets changes are shown in the following tables: As at 31 December 2020
As at 31 December 2019
The increase in the caption software and assets in progress and advances pertained to the investments in information technolo- gy to support the business and the corporate functions and for the e-commerce internalization project. Please refer to the Directors report for additional information related to investments made during the year.
Gross value Brands and other intangible assets (Euro/000) Brands Key money Software
Other intangible
assets
Assets in progress and
advances Goodwill Total
1 January 2020 223,900 57,690 58,597 10,078 5,416 155,582 511,263
Acquisitions 0 0 13,960 682 3,307 0 17,949
Disposals 0 0 (295) (34) 0 0 (329)
Translation adjustement 0 (853) (253) (22) 0 0 (1,128)
Other movements, including transfers 0 0 5,830 184 (4,570) 0 1,444
31 December 2020 223,900 56,837 77,839 10,888 4,153 155,582 529,199
Accumulated amortization and impairment Brands and other intangible assets (Euro/000) Brands Key money Software
Other intangible
assets
Assets in progress and
advances Goodwill Total
1 January 2020 0 (37,177) (31,193) (7,921) 0 0 (76,291)
Amortization 0 (4,978) (9,831) (865) 0 0 (15,674)
Disposals 0 0 6 32 0 0 38
Translation adjustement 0 422 183 13 0 0 618
Other movements, including transfers 0 0 0 0 0 0 0
31 December 2020 0 (41,733) (40,835) (8,741) 0 0 (91,309)
Gross value Brands and other intangible assets (Euro/000) Brands Key money Software
Other intangible
assets
Assets in progress and
advances Goodwill Total
1 January 2019 223,900 56,866 39,611 9,282 1,461 155,582 486,702
Acquisitions 0 0 17,459 857 5,293 0 23,609
Disposals 0 (59) (14) (29) 0 0 (102)
Translation adjustement 0 883 71 (32) 0 0 922
Other movements, including transfers 0 0 1,470 0 (1,338) 0 132
31 December 2019 223,900 57,690 58,597 10,078 5,416 155,582 511,263
Accumulated amortization and impairment Brands and other intangible assets (Euro/000) Brands Key money Software
Other intangible
assets
Assets in progress and
advances Goodwill Total
1 January 2019 0 (31,210) (24,359) (6,731) 0 0 (62,300)
Depreciation 0 (5,551) (6,790) (1,250) 0 0 (13,591)
Disposals 0 12 12 43 0 0 67
Translation adjustement 0 (428) (56) 17 0 0 (467)
Other movements, including transfers 0 0 0 0 0 0 0
31 December 2019 0 (37,177) (31,193) (7,921) 0 0 (76,291)