Note 11 - Intangible assets
Completed IT development projects* Acquired patents, trademarks, licenses, and know-how Goodwill IT development projects in progress* Total
  DKK million DKK million DKK million DKK million DKK million  
Cost at January 1, 2011 269  1,048  529  11  1,857 
Currency translation adjustments (9) (28)   -  (36)
Purchase of activities and companies   -  1,047  360    -  1,407 
Additions during the year   -    -    -  34  34 
Disposals during the year   -  (190) (26)   -  (216)  
Cost at December 31, 2011 270  1,896  835  45  3,046 
Amortization and impairment losses at January 1, 2011 236  535  16  787 
Currency translation adjustments (2)   -  (1)
Amortization for the year 10  178    -  188 
Write-downs and impairment losses for the year   -  30    -  30 
Disposals for the year   -  (163) (16)   (179)  
Amortization and impairment losses at December 31, 2011 247  578    - 825 
Carrying amount at December 31, 2011 23  1,318  835  45  2,221   
 
 
Cost at January 1, 2010 232  992  456  45  1,725 
Currency translation adjustments   -  34  62    -  96 
Additions during the year   -  22  11  36 
Transfer (to)/from other items 37    -    -  (37)   -  
Cost at December 31, 2010 269  1,048  529  11  1,857 
Amortization and impairment losses at January 1, 2010 225  363  13  601 
Currency translation adjustments   -  13  16 
Amortization for the year 11  109    -  120 
Write-downs and impairment losses for the year   -  50    -    50   
Amortization and impairment losses at December 31, 2010 236  535  16  787 
             
Carrying amount at December 31, 2010 33  513  513  11  1,070 
* Assets developed internally.
Write-downs and impairment losses of DKK 30 million (2010: DKK 50 million) were recognized in 2011, based on a specific assessment of know-how assets.