AAK Annual Report 2020

AAK Annual Report 2020 96 Group Goodwill Patents and other intangible assets Total 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 Cost at January 1, 2020 2,114 704 2,818 Investments - 32 32 Acquired through business combinations 241 - 241 Reclassifications - 2 2 Exchange differences -252 -64 -316 Accumulated cost at December 31, 2020 2,103 674 2,777 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 Amortization and impairment loss at January 1, 2020 - 341 341 Amortization for the year - 39 39 Exchange differences - -19 -19 Accumulated amortization and impairment loss at December 31, 2020 - 361 361 Residual value at December 31, 2019 2,114 363 2,477 Residual value at December 31, 2020 2,103 313 2,416 Note 14 | Intangible assets