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Intangible assets

in CHF 000   Goodwill   Publishing rights,
brand rights
and other legal rights
  Recognised
software
project costs
  Other intangible
assets,
assets under
construction
  Total
Historical cost                    
As of 31 December 2018   1 074 254   1 024 844   77 104   1 071   2 177 275
                     
Additions of consolidated companies   7 313   13 733   15 811     36 857
Disposals of consolidated companies   (7 303)   (10 863)   (9 047)   (83)   (27 296)
Additions     1 354   2 126   6 445   9 925
Disposals     (7)   (5 242)   (395)   (5 644)
Transfers       6 244   (6 244)  
Currency effects   (1 299)   (496)   (335)     (2 130)
As of 31 December 2019   1 072 965   1 028 565   86 663   794   2 188 988
                     
Additions of consolidated companies          
Disposals of consolidated companies   (59 687)   (24 948)   (7 922)   (2)   (92 559)
Additions       3 236   12 712   15 948
Disposals     (1 255)   (17 369)   (39)   (18 664)
Transfers       8 534   (8 534)  
Currency effects   (453)   (133)   (22)     (607)
As of 31 December 2020   1 012 825   1 002 229   73 121   4 931   2 093 106
                     
Cumulative amortisation, depreciation and impairment                    
As of 31 December 2018   48 409   225 018   59 938   16   333 381
                     
Disposals of consolidated companies     (7 066)   (7 398)     (14 464)
Depreciation and amortisation     54 891   12 218   41   67 151
Impairment   24 730         24 730
Disposals     (2)   (5 213)   (16)   (5 231)
Currency effects   (641)   (95)   (256)     (993)
As of 31 December 2019   72 497   272 747   59 289   41   404 574
                     
Disposals of consolidated companies   (16 479)   (11 064)   (7 252)   (2)   (34 797)
Depreciation and amortisation     64 477   12 830   10   77 317
Impairment   85 000         85 000
Disposals     (781)   (16 717)   (29)   (17 528)
Currency effects   (186)   (73)   (20)     (279)
As of 31 December 2020   140 832   325 306   48 129   20   514 287
                     
Net carrying value of assets                    
As of 31 December 2019   1 000 468   755 819   27 375   753   1 784 414
As of 31 December 2020   871 993   676 923   24 992   4 911   1 578 819

Intangible assets decreased by CHF 205.6 million from CHF 1,784.4 million to CHF 1,578.8 million. The change to the group of consolidated companies, which includes the disposals of Olmero AG and Trendsales ApS, led to a decline in intangible assets in the amount of CHF 57.8 million. Further information on this is provided in Note 1 on changes to the group of consolidated companies. As in the previous year, investment focused primarily on IT software that can be capitalised (such as investments in platforms). Depreciation and amortisation amount to CHF 77.3 million (previous year: CHF 67.2 million), whereby this increase is a result of depreciation and amortisation associated with Tamedia brands, which began in 2020 (see Note 9 “Depreciation and amortisation”). Impairment on goodwill amounting to CHF 85.0 million was recognised in the Tamedia segment in the reporting year (previous year: CHF 24.7 million). Further information on this can be found in Note 22 below. In 2020, intangible assets with a net investment value of CHF 1.1 million (previous year: CHF 0.4 million) were sold, much of which is attributable to the sale of Renovero recorded in the first half of 2020.