Moncler Group | Annual Report 2024 Separate Financial Statements 428 |
2.2 Intangible assets
Brands
Separately acquired brands are shown at historical cost. Brands
acquired in a business combination are recognised at fair value
at the acquisition date.
Brands have an indef inite useful life and are carried at cost
less accumulated impairment. Brands are not amortised
but subject to impairment test performed annually or more
frequently if events or changes in circumstances indicate that
the carrying value may not be recoverable.
For further details please refer to note 2.5 “Impairment
of non-f inancial assets".
Intangible assets with a def inite useful life
Software (including licenses and separately identif iable external
de
velopment costs) is capitalised as intangible asset at purchase
price, plus any directly attributable cost of preparing that asset
for its intended use. Software and other intangible assets that
are acquired by the Group and have def inite useful lives are
measured at cost less accumulated amortisation and accumulated
impairment losses.
Amortisation of intangible assets with a def inite useful life
Intangible assets with a def inite useful life are amortised
on a straight line basis over their estimated useful lives
as described in the following table:
CATEGORY DEPRECIATION PERIOD
License rights Based on market conditions within the licence period or legal
limits to use the assets
Software From 3 to 5 years
Other intangible assets Based on market conditions generally within the period of control
over the asset
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