Notes to the consolidated financial statements (continued)

Note 8 - Intangible assets
EUR million
 
Acquired
licenses
Goodwill
Total
Cost at 1 January
0.4
0.7
1.1
Exchange adjustment
0.0
0.0
0.0
Cost at 31 December 
0.4
0.7
1.1
 
 
 
Impairment losses and amortisation at 1 January
-0.4
-0.7
-1.1
Exchange adjustment
0.0
0.0
0.0
Amortisation for the year
0.0
0.0
0.0
Impairment losses and amortisation at 31 December 
-0.4
-0.7
-1.1
 
 
 
Carrying amount at 31 December 2022
0.0
0.0
0.0
Accounting policies
Goodwill acquired is measured at cost less accumulated amortisation. Goodwill is amortised on a straight-line basis over its useful life, which is assessed at 5-10 years.
Acquired licences are measured at the lower of cost less accumulated amortisation and recoverable amount. Licences are amortised over the licence period; however not exceeding 5 years.
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