Annual Report 2013

Notes to the consolidated statement of
financial position

Non-current assets

All non-current assets with definite useful lives are depreciated or amortized using the straight-line method on the basis of estimated useful lives. The useful life estimates are reviewed annually. If facts or circumstances indicate the need for impairmentimpairment
Impairments of assets are recorded when the recoverable amount is lower than the carrying amount at which the asset is recognized in the statement of financial position. The recoverable amount is calculated as the higher of fair value less costs to sell (net realizable value) and value in use.
, the recoverable amount is determined. It is measured as the higher of the fair valuefair value
Amount at which an asset or a liability might be exchanged or a debt paid in an arm’s length transaction between knowledgeable, willing parties.
less costs to sell (net realizable value) and the value in use. ImpairmentImpairment
Impairments of assets are recorded when the recoverable amount is lower than the carrying amount at which the asset is recognized in the statement of financial position. The recoverable amount is calculated as the higher of fair value less costs to sell (net realizable value) and value in use.
losses are recognized if the recoverable amounts of the assets are lower than their carrying amounts, and are charged to the relevant functions.

The following unchanged, standardized useful lives are applied:

Useful life
in years
Intangible assets with definite useful lives 3 to 20
Residential buildings50
Office buildings40
Research and factory buildings, workshops,
stores and staff buildings
25 to 33
Plant facilities 10 to 25
Machinery7 to 10
Office equipment10
Vehicles5 to 20
Factory and research equipment2 to 5

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