Intangible assets

All intangible assets have been purchased and, apart from goodwill, there are no intangible assets with an indefinite useful life.

At 31 December 2013, intangible assets totaled €1,606 thousand, reflecting the following changes during the year:

(€ thousand)31 December 2012IncreasesAmortization(Decreases) and Other changes31 December 2013
Goodwill          
  • Gross carrying amount
1,330 100 - - 1,430
  • Accumulated amortization
- - - - -
  • Net carrying amount
1,330 100 - - 1,430
Licenses and software          
  • Gross carrying amount
322 13 - - 335
  • Accumulated amortization
(198) - (112) - (310)
  • Net carrying amount
124 13 (112) - 25
Other intangible assets          
  • Gross carrying amount
468 - - - 468
  • Accumulated amortization
(277) - (40) - (317)
  • Net carrying amount
191 - (40) - 151
Total intangible assets          
  • Gross carrying amount
2,120 113 - - 2,233
  • Accumulated amortization
(475) - (152) - (627)
  • Accumulated impairment losses
- - - - -
  • Net carrying amount
1,645 113 (152) - 1,606

Goodwill consists of the consideration paid in excess of fair value to acquire, at year-end 2011, the business units that provide internal audit and financial advisory services to Fiat S.p.A. and Group companies, as well as the corporate services business acquired at the beginning of 2013, which also provides services to Fiat S.p.A. and Group companies (see Note 5).

Licenses and software represents the cost of software, both internally-developed and purchased, which is amortized over its estimated useful life (3 years) from the time fully operational.

Other intangible assets essentially consist of leasehold improvements, which are amortized over the term of the lease agreement (12 years).

Amortization on intangible assets is recognized in the income statement under other operating costs (Note 6). 

In 2012, changes in intangible assets were as follows:

(€ thousand)31 December 2011IncreasesAmortization(Decreases) and Other changes31 December 2012
Goodwill          
  • Gross carrying amount
1,330 - - - 1,330
  • Accumulated amortization
- - - - -
  • Net carrying amount
1,330 - - - 1,330
Licenses and software          
  • Gross carrying amount
273 49 - - 322
  • Accumulated amortization
(91) - (107) - (198)
  • Net carrying amount
182 49 (107) - 124
Other intangible assets          
  • Gross carrying amount
468 - - - 468
  • Accumulated amortization
(236) - (41) - (277)
  • Net carrying amount
232 - (41) - 191
Total intangible assets          
  • Gross carrying amount
2,071 49 - - 2,120
  • Accumulated amortization
(327) - (148) - (475)
  • Accumulated impairment losses
- - - - -
  • Net carrying amount
1,744 49 (148) - 1,645