Repower – Annual Report 2023

16Intangible assets

CHF thousand	Goodwill	Software	Concessions and rights of use, compensation of reversion waivers	Other	Total

Gross values at 1 January 2022	876	35,548	41,396	5,970	83,790
Additions	-	3,083	2,395	2,351	7,829
Disposals	-	–890	-	-	–890
Reclassifications between asset classes	-	3,648	-	–3,648	-
Effect of currency translation	–41	–922	–45	–254	–1,262
Gross values at 31 December 2022	835	40,467	43,746	4,419	89,467

Accumulated amortisation and value adjustments at 1 January 2022	–525	–29,587	–14,333	–372	–44,817
Amortisation	–170	–3,123	–706	–363	–4,362
Disposals	-	633	-	-	633
Effect of currency translation	28	610	-	25	663
Accumulated amortisation and value adjustments at 31 December 2022	–667	–31,467	–15,039	–710	–47,883
Net values at 31 December 2022	168	9,000	28,707	3,709	41,584

Gross values at 1 January 2023	835	40,467	43,746	4,419	89,467
Additions	-	1,729	13	2,776	4,518
Disposals	-	-	-	–269	–269
Reclassifications between asset classes	-	588	-	–527	61
Effect of currency translation	–50	–1,456	–55	–357	–1,918
Gross values at 31 December 2023	785	41,328	43,704	6,042	91,859

Accumulated amortisation and value adjustments at 1 January 2023	–667	–31,467	–15,039	–710	–47,883
Amortisation	–166	–3,366	–742	–340	–4,614
Impairments	-	-	–394	-	–394
Effect of currency translation	48	975	-	58	1,081
Accumulated amortisation and value adjustments at 31 December 2023	–785	–33,858	–16,175	–992	–51,810
Net values at 31 December 2023	-	7,470	27,529	5,050	40,049

The disposals of CHF 269 thousand are an integral part of the contributions made in connection with the 2023 establishment of the joint venture Resol Ciminna S.r.l. (see Changes in scope of consolidation section).

The goodwill stems from the acquisition of Repower Renewable S.p.A. in December 2018 and is now fully amortised.

The impairment losses of CHF 394 thousand recognised in 2023 relate to the Papierfabrik Landqart power plant (see Note 15).