An "intangible asset" is an asset that has a significant value but no physical presence and provides a company with long-term financial value. Intangible assets that can be individually marketed by the business can be separated from other assets and can be identified are known to as identifiable intangible assets. Intellectual property, such as patents, trademarks, and copyrights, as well as non-cash government grants, like airport landing rights or broadcasting licenses, are examples of identifiable intangible assets. A trademark is a sign that can be used to distinguish one company's goods or services from those of other businesses. For trademarks, intellectual property rights offer protection. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Based on the company's evaluation of the fair value of identified intangible assets, Software & Database Licenses and Acquired Technology accounted for EUR833 million and EUR2,996 million, respectively. In FY2021, the company's net value of intangible assets was EUR3,966 million. SAP’s gross intangible asset value increased by 14%, from EUR3,358 million in FY2020 to EUR3,829 million in FY2021. The company's amortization expense for intangible assets was EUR6,598 million in FY2021. The company's amortization expense for intangible assets was EUR5,612 million in FY2020. As of December 2021, the company had more than 200 million subscribers in its cloud user base and 22,000 SAP partner companies globally. It operated over 100 innovation and development centers.
SAP SE (SAP) is a provider of enterprise application software and software-related services. It provides a wide range of solutions, including enterprise resource planning and financial management, intelligent technologies, analytics, digital platform, digital supply chain, network, customer resource management, and customer experience. The company offers a comprehensive range of business software and enterprise applications that are designed for applications, analytics, cloud, mobile, database, and technology operations. SAP serves clients in the areas of consumer, discrete manufacturing, energy, and natural resources, financial services, and public services.
United States of America
United States of America
United States of America
United States of America
United States of America
United States of America
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