2021 UNIVERSAL REGISTRATION DOCUMENT

6. Parent company financial statements

NOTE 11.  Intangible assets

€ millions 31.12.2019 31.12.2020 Acquisitions/Depreciation Disposals/Reversals Other  movements 31.12.2021
Patents and trademarks(1)

Patents and trademarks

(1)
31.12.2019

943.6

Patents and trademarks

(1)
31.12.2020

1,003.0

Patents and trademarks

(1)
Acquisitions/Depreciation

10.1

Patents and trademarks

(1)
Disposals/Reversals

-8.0

Patents and trademarks

(1)
Other  movements

142.5

Patents and trademarks

(1)
31.12.2021

1,147.6

Business goodwill(2)

Business goodwill

(2)
31.12.2019

1,786.7

Business goodwill

(2)
31.12.2020

2,860.4

Business goodwill

(2)
Acquisitions/Depreciation

129.0

Business goodwill

(2)
Disposals/Reversals

-7.7

Business goodwill

(2)
Other  movements

 

Business goodwill

(2)
31.12.2021

2,981.7

Software

Software

31.12.2019

519.4

Software

31.12.2020

559.1

Software

Acquisitions/Depreciation

28.5

Software

Disposals/Reversals

-19.4

Software

Other  movements

34.6

Software

31.12.2021

602.8

Other intangible assets

Other intangible assets

31.12.2019

250.4

Other intangible assets

31.12.2020

551.0

Other intangible assets

Acquisitions/Depreciation

 

Other intangible assets

Disposals/Reversals

 

Other intangible assets

Other  movements

 

Other intangible assets

31.12.2021

551.0

Tangible assets in progress

Tangible assets in progress

31.12.2019

217.9

Tangible assets in progress

31.12.2020

259.3

Tangible assets in progress

Acquisitions/Depreciation

217.6

Tangible assets in progress

Disposals/Reversals

-31.3

Tangible assets in progress

Other  movements

-184.8

Tangible assets in progress

31.12.2021

260.8

Gross value Gross value31.12.20193,718.0 Gross value31.12.20205,232.9 Gross valueAcquisitions/Depreciation385.2 Gross valueDisposals/Reversals-66.4 Gross valueOther  movements-7.7 Gross value31.12.20215,543.9
Patents and trademarks

Patents and trademarks

31.12.2019

140.3

Patents and trademarks

31.12.2020

181.6

Patents and trademarks

Acquisitions/Depreciation

19.8

Patents and trademarks

Disposals/Reversals

-8.0

Patents and trademarks

Other  movements

 

Patents and trademarks

31.12.2021

193.4

Business goodwill

Business goodwill

31.12.2019

1.5

Business goodwill

31.12.2020

2.0

Business goodwill

Acquisitions/Depreciation

0.6

Business goodwill

Disposals/Reversals

-0.1

Business goodwill

Other  movements

 

Business goodwill

31.12.2021

2.5

Software

Software

31.12.2019

359.0

Software

31.12.2020

388.5

Software

Acquisitions/Depreciation

69.0

Software

Disposals/Reversals

-19.4

Software

Other  movements

 

Software

31.12.2021

438.1

Other intangible assets

Other intangible assets

31.12.2019

63.4

Other intangible assets

31.12.2020

69.0

Other intangible assets

Acquisitions/Depreciation

3.3

Other intangible assets

Disposals/Reversals

 

Other intangible assets

Other  movements

 

Other intangible assets

31.12.2021

72.3

Amortisation Amortisation31.12.2019564.2 Amortisation31.12.2020641.1 AmortisationAcquisitions/Depreciation92.7 AmortisationDisposals/Reversals-27.5 AmortisationOther  movements

 

Amortisation31.12.2021706.3
Patents and trademarks(3)

Patents and trademarks

(3)
31.12.2019

51.4

Patents and trademarks

(3)
31.12.2020

69.9

Patents and trademarks

(3)
Acquisitions/Depreciation

6.7

Patents and trademarks

(3)
Disposals/Reversals

-1.9

Patents and trademarks

(3)
Other  movements

 

Patents and trademarks

(3)
31.12.2021

74.7

Business goodwill

Business goodwill

31.12.2019

137.4

Business goodwill

31.12.2020

149.7

Business goodwill

Acquisitions/Depreciation

7.2

Business goodwill

Disposals/Reversals

-6.8

Business goodwill

Other  movements

 

Business goodwill

31.12.2021

150.1

Other intangible assets

Other intangible assets

31.12.2019

27.5

Other intangible assets

31.12.2020

6.2

Other intangible assets

Acquisitions/Depreciation

1.9

Other intangible assets

Disposals/Reversals

-2.7

Other intangible assets

Other  movements

 

Other intangible assets

31.12.2021

5.4

Impairment Impairment31.12.2019216.3 Impairment31.12.2020225.8 ImpairmentAcquisitions/Depreciation15.8 ImpairmentDisposals/Reversals-11.4 ImpairmentOther  movements

 

Impairment31.12.2021230.2
NET VALUE NET VALUE31.12.20192,937.5 NET VALUE31.12.20204,366.0 NET VALUEAcquisitions/Depreciation276.7 NET VALUEDisposals/Reversals-27.5 NET VALUEOther  movements-7.7 NET VALUE31.12.20214,607.4

(1) In 2021, other movements mainly related to the PRADA license.

(2) In 2021, the increase in business goodwill was related to the acquisition of Youth to the People. In 2020, the increase in business goodwill was due to the acquisitions of Thayer and Azzaro Mugler.

(3) In 2020, the increase in impairment of patents and trademarks, mainly related to the Clarisonic brand.

NOTE 12.  Tangible assets

€ millions 31.12.2019 31.12.2020 Acquisitions/Depreciation Disposals/Reversals Other movements 31.12.2021
Land

Land

31.12.2019

77.5

Land

31.12.2020

81.1

Land

Acquisitions/Depreciation

0.1

Land

Disposals/Reversals

 

Land

Other movements

0.1

Land

31.12.2021

81.3

Buildings

Buildings

31.12.2019

670.5

Buildings

31.12.2020

727.4

Buildings

Acquisitions/Depreciation

24.0

Buildings

Disposals/Reversals

-3.9

Buildings

Other movements

21.8

Buildings

31.12.2021

769.3

Industrial machinery and equipment

Industrial machinery and equipment

31.12.2019

208.7

Industrial machinery and equipment

31.12.2020

220.5

Industrial machinery and equipment

Acquisitions/Depreciation

9.6

Industrial machinery and equipment

Disposals/Reversals

-13.1

Industrial machinery and equipment

Other movements

1.7

Industrial machinery and equipment

31.12.2021

218.7

Other tangible assets

Other tangible assets

31.12.2019

241.9

Other tangible assets

31.12.2020

303.1

Other tangible assets

Acquisitions/Depreciation

16.6

Other tangible assets

Disposals/Reversals

-28.4

Other tangible assets

Other movements

5.9

Other tangible assets

31.12.2021

297.2

Tangible assets in progress

Tangible assets in progress

31.12.2019

61.0

Tangible assets in progress

31.12.2020

40.5

Tangible assets in progress

Acquisitions/Depreciation

36.7

Tangible assets in progress

Disposals/Reversals

-0.1

Tangible assets in progress

Other movements

-29.0

Tangible assets in progress

31.12.2021

48.1

Advances and prepayments

Advances and prepayments

31.12.2019

2.3

Advances and prepayments

31.12.2020

2.1

Advances and prepayments

Acquisitions/Depreciation

1.0

Advances and prepayments

Disposals/Reversals

 

Advances and prepayments

Other movements

 

Advances and prepayments

31.12.2021

3.1

Gross value Gross value31.12.20191,261.9 Gross value31.12.20201,374.7 Gross valueAcquisitions/Depreciation88.0 Gross valueDisposals/Reversals-45.5 Gross valueOther movements0.5 Gross value31.12.20211,417.7
Land

Land

31.12.2019

1.5

Land

31.12.2020

1.8

Land

Acquisitions/Depreciation

0.3

Land

Disposals/Reversals

 

Land

Other movements

 

Land

31.12.2021

2.1

Buildings

Buildings

31.12.2019

407.8

Buildings

31.12.2020

430.4

Buildings

Acquisitions/Depreciation

28.4

Buildings

Disposals/Reversals

-3.9

Buildings

Other movements

 

Buildings

31.12.2021

454.9

Industrial machinery and equipment

Industrial machinery and equipment

31.12.2019

163.5

Industrial machinery and equipment

31.12.2020

174.8

Industrial machinery and equipment

Acquisitions/Depreciation

10.4

Industrial machinery and equipment

Disposals/Reversals

-13.0

Industrial machinery and equipment

Other movements

-

Industrial machinery and equipment

31.12.2021

172.2

Other tangible assets

Other tangible assets

31.12.2019

155.0

Other tangible assets

31.12.2020

205.8

Other tangible assets

Acquisitions/Depreciation

31.0

Other tangible assets

Disposals/Reversals

-28.0

Other tangible assets

Other movements

 

Other tangible assets

31.12.2021

208.8

Amortisation Amortisation31.12.2019727.8 Amortisation31.12.2020812.8 AmortisationAcquisitions/Depreciation70.1 AmortisationDisposals/Reversals-44.9 AmortisationOther movements

 

Amortisation31.12.2021838.0
Land

Land

31.12.2019

-

Land

31.12.2020

0.2

Land

Acquisitions/Depreciation

 

Land

Disposals/Reversals

-0.2

Land

Other movements

 

Land

31.12.2021

 

Industrial machinery and equipment

Industrial machinery and equipment

31.12.2019

3.2

Industrial machinery and equipment

31.12.2020

5.8

Industrial machinery and equipment

Acquisitions/Depreciation

3.1

Industrial machinery and equipment

Disposals/Reversals

-2.6

Industrial machinery and equipment

Other movements

 

Industrial machinery and equipment

31.12.2021

6.3

Impairment Impairment31.12.20193.2 Impairment31.12.20206.0 ImpairmentAcquisitions/Depreciation3.1 ImpairmentDisposals/Reversals-2.8 ImpairmentOther movements

 

Impairment31.12.20216.3
NET VALUE NET VALUE31.12.2019530.9 NET VALUE31.12.2020555.9 NET VALUEAcquisitions/Depreciation14.8 NET VALUEDisposals/Reversals2.2 NET VALUEOther movements0.5 NET VALUE31.12.2021573.4

Depreciation and amortisation recognised in 2021 for tangible assets and intangible assets included:

  • €152.1 million on a straight-line basis;
  • €0.3 million on a declining-balance basis;
  • €10.4 million relating to exceptional depreciation and amortisation.