57 JOTUN A/S 6 INTANGIBLE ASSETS DEVELOPMENT (NOK THOUSAND) TECHNOLOGY SOFTWARE COST TOTAL COST Balance as of 1 January 2015 5 334 168 478 129 177 302 989 Additions and internal development – 19 731 27 129 46 860 Disposals – – –4 346 –4 346 Balance as of 31 December 2015 5 334 188 209 151 960 345 503 Additions and internal development – 66 525 31 281 97 806 Disposals – –1 346 –3 805 –5 151 Balance as of 31 December 2016 5 334 253 388 179 435 438 158 AMORTISATION/IMPAIRMENT Balance as of 1 January 2015 –2 000 –93 587 –19 896 –115 482 Amortisation –1 067 –9 901 –9 657 –20 624 Disposals – – 530 530 Balance as of 31 December 2015 –3 067 –103 488 –29 023 –135 577 Amortisation –1 067 –14 073 –11 742 –26 881 Disposals – 268 – 268 Balance as of 31 December 2016 –4 134 –117 293 –40 765 –162 190 NET BOOK VALUE Balance as of 31 December 2016 1 200 136 096 138 670 275 966 Balance as of 31 December 2015 2 267 84 721 122 937 209 924 Amortisable intangible assets are amortised over the following lifetimes: ASSET CATEGORY USEFUL LIFE Technology 5 years Software 8 years Development costs up to 10 years See Jotun Group’s note 7 for further information.
Jotun Annual Report 2016
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