Rosendahl Design Group A/S Annual Report 2023 • Parent Income Statements 9. Intangible assets Cost beginning of year Additions Cost end of year Amortisation and impairment losses beginning of year Amortisation for the year Amortisation and impairment losses end of year Carrying amount end of year Completed development projects DKK'000 21,589 1,844 23,433 (4,660) (4,056) (8,716) 14,717 Acquired rights DKK'000 229,744 0 229,744 (142,442) (8,701) (151,143) 78,601 Goodwill DKK'000 74,164 0 74,164 (23,082) (3,291) (26,373) 47,791 Development projects in progress DKK'000 134 2,935 3,069 0 0 0 3,069 10. Development projects Development projects include direct costs associated with a cost reduction-focused initiative as well as the development and design of E-commerce platform and other applications. Completed projects are taken into use in the financial year and are normally depreciated over 5 years. The completed development projects are considered to be an important part of the company’s earnings as well as commercial strategy. The management has found no indications of impairment in relation to the accounting value of the company’s development projects. 11. Property, plant and equipment Cost beginning of year Transfers Additions Disposals Cost end of year Depreciation and impairment losses beginning of year Depreciation for the year Depreciation and impairment losses end of year Carrying amount end of year Land and buildings DKK'000 0 0 1,687 (1,687) 0 0 0 0 0 Other fixtures and fittings, tools and equipment DKK'000 Leasehold improvements DKK'000 60,843 504 1,848 0 63,195 (51,034) (3,447) (54,481) 8,714 4,022 0 0 0 4,022 (3,568) (270) (3,838) 184 Property, plant and equipment in progress DKK'000 611 (504) 310 0 417 0 0 0 417 75
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