Acta Univ. Agric. Silvic. Mendelianae Brun. 2018, 66(2), 431-439 | DOI: 10.11118/actaun201866020431

Intangible Assets Reporting: the Case of Chemical and Pharmaceutical Industry in the Czech Republic

Hana Bohušová, Patrik Svoboda
Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic

The cost structure of business entities has been changing in the span of time. Costs associated with intangible assets such as software, patents, licenses, copyrights and goodwill became an important item of costs in the recent days. The paper is focused on the evaluation of the share of intangible assets in total assets and the costs associated with intangible assets in business companies operating in the chemical and pharmaceutical industry in the Czech Republic. The analyzed sample of companies represents two groups of business entities: entities preparing financial statements in accordance with IFRS and the entities preparing financial statement according to the Czech Accounting legislation (CAL). The sample covers period after the mandatory implementation of IFRS for listed companies - starting in 2005 and ending in 2015. The aim of this paper is to evaluate the impact of intangible assets reporting methodology using criteria as the share of this category in assets of companies, its structure and its changes over time and to identify possible reasons for this situation. The analysis revealed that there is an increasing tendency in volume of IAs in companies listed in Prague Stock Exchange.

Keywords: Intangible Assets, Fixed Assets, GDP, Goodwill, IFRS, CAL
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The paper is the result of the GA ČR no. 15-24867S "Small and medium size enterprises in global competition: Development of specific transfer pricing methodology reflecting their specificities".

Published: May 2, 2018  Show citation

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Bohušová, H., & Svoboda, P. (2018). Intangible Assets Reporting: the Case of Chemical and Pharmaceutical Industry in the Czech Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 66(2), 431-439. doi: 10.11118/actaun201866020431
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