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GOODWILL AND INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2019
GOODWILL AND INTANGIBLE ASSETS, NET  
GOODWILL AND INTANGIBLE ASSETS, NET

10. GOODWILL AND INTANGIBLE ASSETS, NET

The changes in the carrying amount of goodwill are as follows:

    

Search and
Portal

    

Taxi

Classifieds

    

Media Services

    

E-commerce

    

Total

    

Total

 

RUB

RUB

RUB

RUB

RUB

RUB

$

 

Balance as of January 1, 2018

 

1,607

 

863

5,188

1,564

106

9,328

Goodwill acquired

641

42,799

43,440

Disposal due to Yandex.Market deconsolidation (Note 4)

(106)

(106)

Balance as of December 31, 2018

2,248

43,662

5,188

1,564

52,662

667.9

Goodwill acquired

 

295

 

295

3.7

Goodwill impairment (Note 2)

(762)

(762)

(9.7)

Foreign currency translation adjustment

 

4

 

6

10

0.2

Balance as of December 31, 2019

 

2,547

 

42,900

5,194

1,564

52,205

662.1

Goodwill is non-deductible for tax purposes for all business combinations completed in the years ended December 31, 2017, 2018 and 2019.

In the year ended December 31, 2017 the goodwill of KinoPoisk was represented within Other Bets and Experiments, but in the year ended December 31, 2018 due to the new structure of reportable segments (Note 17), it is included in Media Services.

Intangible assets, net of amortization, as of December 31, 2018 and 2019 consisted of the following intangible assets:

2018

2019

 

Less:

Net

Less:

Net

Net

 

Accumulated

carrying

Accumulated

carrying

carrying

 

Cost

amortization

value

Cost

amortization

value

value

 

    

RUB

    

RUB

    

RUB

    

RUB

    

RUB

    

RUB

    

$

 

Acquisition-related intangible assets:

Trade names and domain names

3,331

(803)

2,528

3,291

(1,233)

2,058

26.1

Customer relationships

 

6,108

(731)

5,377

 

6,108

(1,180)

4,928

62.5

Content and software

 

1,040

(554)

486

 

1,153

(832)

321

4.1

Supplier relationships

 

12

(7)

5

 

12

(12)

Workforce

 

276

(276)

 

276

(276)

Patents and licenses

52

(37)

15

52

(44)

8

0.1

Non-compete agreements

41

(34)

7

41

(40)

1

Total acquisition-related intangible assets:

10,860

(2,442)

8,418

 

10,933

(3,617)

7,316

92.8

Other intangible assets:

Technologies and licenses

7,937

(5,321)

2,616

7,316

(4,839)

2,477

31.4

Assets not yet in use

511

511

572

572

7.3

Total other intangible assets:

8,448

(5,321)

3,127

7,888

(4,839)

3,049

38.7

Total intangible assets

 

19,308

(7,763)

11,545

 

18,821

(8,456)

10,365

131.5

Amortization expenses of acquisition-related intangible assets for the years ended December 31, 2017, 2018 and 2019 were RUB 379, RUB 1,007 and RUB 1,179 ($15.0) respectively.

Trade names and domain names in the amount of RUB 2,115 and customer relationships in the amount of RUB 5,142 represent intangible assets acquired in 2018 under the transaction with Uber (Note 4).

Amortization expenses of other intangible assets for the years ended December 31, 2017, 2018 and 2019 were RUB 1,729, RUB 1,297 and RUB 1,434 ($18.1), respectively.

Estimated amortization expense over the next five years and thereafter for intangible assets is as follows:

\

    

Acquired

Other

Total

 

intangible

intangible

intangible

assets

assets

assets

RUB

    

RUB

    

RUB

    

$

2020

 

982

 

1,197

 

2,179

 

27.6

2021

 

946

 

703

 

1,649

 

20.9

2022

 

901

 

366

 

1,267

 

16.1

2023

 

822

 

179

 

1,001

 

12.7

2024

 

745

 

32

 

777

 

9.9

Thereafter

 

2,920

 

 

2,920

 

37.0

Total

 

7,316

 

2,477

 

9,793

 

124.2