Note Events after the balance sheet date
13
Note Intangible assets
94
Group Goodwill
Patents and other
intangible assets Total
Cost at January 1, 2018 1,601 623 2,224
Investments - 20 20
Acquired through business combinations 4 - 4
Reclassifications - 3 3
Exchange differences 61 -6 55
Accumulated cost at December 31, 2018 1,666 640 2,306
Cost at January 1, 2019 1,666 640 2,306
Investments - 7 7
Acquired through business combinations 366 44 410
Exchange differences 82 13 95
Accumulated cost at December 31, 2019 2,114 704 2,818
Amortization and impairment loss at January 1, 2018 - 274 274
Amortization for the year - 30 30
Reclassifications - 1 1
Exchange differences - 2 2
Accumulated amortization and impairment loss at December 31, 2018 - 307 307
Amortization and impairment loss at January 1, 2019 - 307 307
Amortization for the year - 29 29
Exchange differences - 5 5
Accumulated amortization and impairment loss at December 31, 2019 - 341 341
Residual value at December 31, 2018 1,666 333 1,999
Residual value at December 31, 2019 2,114 363 2,477
14
The ongoing corona pandemic is profoundly impacting
people’s health, societies, and business operations across the
world. As a supplier of ingredients to the crucial food supply
chain, AAK has a very important role to play right now. All
of the company’s production plants around the world have
strong contingency plans in place to secure operations and
inbound/outbound logistics so that food manufacturers can
maintain their production of food products.
As of March 30, 2020, AAK had not experienced any material
business disruptions. Food supply will remain essential and a
top priority going forward. However, the volatility and uncertainty
in every step of the supply chain have increased within
all industries that AAK serves.
AAK has a robust foundation with a strong financial track
record and a solid balance sheet. However, as an additional
precaution due to the current situation, the Board of Directors
of AAK has proposed to postpone the decision on the dividend
for 2019. The original dividend proposal for the year was
SEK 2.10 per share.