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Additions in tangible assets comprise mainly investments in production facilities. In both the
reporting year and the prior year no tangible assets were financed by long-term leasing contracts
and no borrowing costs were capitalized.
Tangible assets in the amount of CHF 0.6 million (2015: CHF 2.3 million) are pledged as security
for financial liabilities.
14 Intangible assets
CHF million
2016
2015
Cost at January 1
14.0
12.7
Additions
0.9
1.5
Currency translation adjustment
–0.1
–0.3
Cost at December 31
14.7
14.0
Accumulated amortization at January 1
–4.1
–2.6
Amortization
–1.9
–1.7
Currency translation adjustment
0.1
0.2
Accumulated amortization at December 31
–5.9
–4.1
Net book value at January 1
9.8
10.0
Net book value at December 31
8.8
9.8
Intangible assets comprise mainly investments in a new ERP system.
No development costs were capitalized in 2016 and 2015. In 2016, an amount of CHF 64.5 million
was spent on research and development (2015: CHF 60.7 million). In an increasingly cost-competi-
tive environment, the Autoneum Group invests in innovative materials and products, and in new
efficient production technologies to support vehicle manufacturers in meeting challenging
targets in acoustic comfort, fuel consumption and environmental emissions. The focus of the Group
is in the development of lightweight and acoustically efficient solutions for vehicle engine bay,
underbody, interior floor and body treatment.
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Autoneum
Financial Report 2016
Consolidated Financial Statements