Home Consolidated Financial Statements Notes 16. Goodwill and other intangible assets

NON-AMORTIZABLE INTANGIBLE ASSETS
		December 31, 2007			December 31, 2006
in million €	Acquisition cost	Accumulated amortization	Carrying amount	Acquisition cost	Accumulated amortization	Carrying amount
Tradenames	168	0	168	185	0	185
Management contracts	149	0	149	165	0	165
Goodwill	7,098	4	7,094	7,111	4	7,107
Total	7,415	4	7,411	7,461	4	7,457

Amortization on intangible assets amounted to € 34 million and € 42 million for the years 2007 and 2006, respectively. They are allocated within cost of sales, selling, general and administrative expenses and research and development expenses, depending upon the area in which the asset is used.

Estimated regular amortization expenses of intangible assets for the next five years are shown in the following table:

in million €	2008	2009	2010	2011	2012
Estimated amortization expenses	32	28	25	23	20

The carrying amount of goodwill has developed as follows:

in million €
Carrying amount as of January 1, 2007	7,107
Additions	501
Disposals	-1
Reclassifications	15
Foreign currency translation	-528
Carrying amount as of December 31, 2007	7,094