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9. Depreciation, amortization and impairment losses


EUR million 2013 2012
Amortization on intangible assets

Development costs 0.2 0.1
Intangible rights 21.9 20.3
Total 22.2 20.3



Impairment losses on intangible assets

Impairment losses on goodwill 5.3 -
Impairment losses on intangible assets 10.7 -



Depreciation on tangible assets

Buildings and structures 24.7 23.1
Investment properties 0.3 0.3
Machinery and equipment 35.9 35.9
Assets leased under finance lease 8.2 7.5
Other tangible assets 0.8 0.9
Total 69.9 67.7



Impairment losses on tangible assets

Impairment losses on land and water 0.2 0.1
Impairment losses on buildings 8.0 1.4
Impairment losses on machinery and equipment 0.1 -



Total depreciation, amortization and impairment losses 116.4 89.5



Goodwill is not amortized on regular basis. Instead, goodwill is tested annually for impairment and whenever there are indications for impairment. In 2013 an impairment on goodwill totaling EUR 5.3 million was recognized in Itella Logistics. More information about impairment testing of goodwill is presented in Note 13.