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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 1 January 2020   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 effect   (453)   (133)   (22)     (607)
As of 31 December 2020   1 012 825   1 002 229   73 121   4 931   2 093 106
                     
Additions of consolidated companies   3 008   5 377   4 000     12 385
Disposals of consolidated companies   (209 884)   (227 492)   (11 829)     (449 205)
Additions   520   2 380   8 833   2 257   13 990
Disposals     (10 943)   (30 007)   (71)   (41 021)
Transfers       6 965   (6 965)  
Currency effect   (398)   (272)   (162)   1   (832)
As of 31 December 2021   806 069   771 279   50 921   153   1 628 422
                     
Accumulated depreciation, amortisation and impairment                    
As of 1 January 2020   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 effect   (186)   (73)   (20)     (279)
As of 31 December 2020   140 832   325 306   48 129   20   514 287
                     
Disposals of consolidated companies     (74 385)   (4 609)     (78 994)
Depreciation and amortisation     60 037   14 459     74 496
Impairment          
Disposals     (10 778)   (28 092)     (38 870)
Currency effect     (42)   (140)     (183)
As of 31 December 2021   140 832   300 140   29 746   20   470 737
                     
Net carrying value                    
As of 31 December 2020   871 993   676 924   24 992   4 911   1 578 819
As of 31 December 2021   665 237   471 140   21 175   133   1 157 685

Intangible assets decreased by CHF 421.1 million from CHF 1,578.8 million to CHF 1,157.7 million. Addtions within the group of consolidated companies in the amount of CHF 12.4 million relate to the acquisitions of Helvetics Engineering d.o.o. and Acheter-Louer.ch & Publimmo Sàrl in the reporting year, while a decline in intangible assets of CHF 370.2 million relates to the deconsolidated TX Markets companies. Further information on this is provided in Note 1 on changes to the group of consolidated companies. Besides investments in IT software that can be capitalised (such as platforms) and the recognition of own work capitalised at JobCloud AG, the reporting year also saw the purchase of the Immowelt customer base and the capitalisation of a signing fee associated with the conclusion of an advertising marketing contract in the out-of-home area.

Amortisation amounts to CHF 74.5 million compared with CHF 77.3 million in the previous year, with this CHF 2.8 million reduction mainly due in turn to changes to the group of consolidated companies. In 2021, intangible assets with a net carrying value of CHF 2.2 million (previous year: CHF 1.1 million) were sold, much of which is attributable to decommissioned IT software.