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The following information is part of the consolidated financial statements as of 31 December 2003, which were audited and issued with an unqualified certificate by KPMG Deutsche Treuhand AG, Wirtschaftprüfungsgesellschaft.
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An analysis of acquired other intangible assets follows:

 
  Dec 31, 2003 Dec 31, 2002
in € m. Gross Accumulated Net Gross Accumulated Net
Carrying Amortization Carrying Carrying Amortization Carrying
Amount   Amount Amount   Amount
Amortized intangible assets            
Customer contracts 75 19 56 98 20 78
Investment management agreements 62 14 48 70 9 61
Other customer-related 48 15 33 57 14 43
Other 29 9 20 31 13 18
Total 214 57 157 256 56 200
Unamortized intangible assets            
Retail investment management agreements and other     925     1,111
Loan servicing rights     40     100
Total other intangible assets     1,122     1,411

For the years ended December 31, 2003 and 2002, the aggregate amortization expense for other intangible assets was € 22 million and € 26 million, respectively. The estimated aggregate amortization expense for each of the succeeding five fiscal years is approximately € 17 million per year.

For the year ended December 31, 2003, the Group acquired the following other intangible assets:

 
in € m. Additions in current year Weighted-Average
Amortization Period
Amortized intangible assets    
Other customer-related 5 5 years
Other 10 10 years
Total 15 8 years
Total other intangible assets 15  

For the year ended December 31, 2002, the net carrying amount of other intangibles increased by € 1,205 million, mainly due to the acquisitions of Scudder and RREEF, which contributed € 1,161 million and € 82 million, respectively.

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