1.2 - Other intangible assets

According to the IFRS 3, Other intangible assets included the value of the insurance portfolio (or “The value in force”) acquired in business combinations amounted to € 1,479 million. This amount was attributable to:

  • the acquisitions which took place in 2006 of the Toro Group (€ 278 million net of the amortisation of the period) and in the CEE countries (€ 25 million, net of the amortisation of the period),
  • the acquisition of Bawag PSK Versicherung in 2007, which brought a further activation of € 44 million, net of the amortisation of the period,
  • the acquisition of the Ceška group, whose allocation of purchased price was concluded in the second half of 2008, which brought a further activation of € 1,132 million, net of the amortisation of the year.

The other intangible assets included also the value of the customer portfolio in the asset management business, obtained through the acquisition of control of companies operating in the financial segment. In particular, the acquisition of Banca del Gottardo brought to a further activation of € 166 million, net of the amortisation of the year.

Deferred tax liabilities were accounted for with reference to the above mentioned intangible assets.

Further information on calculation method are detailed in the paragraph 1.2 of the section Basis of presentation and accounting principles.