6 NOTE 11. Intangible assets € millions 31.12.2019 31.12.2020 Acquisitions/ Depreciation Disposals/ Reversals Other movements 31.12.2021 Patents and trademarks (1) 943.6 1,003.0 10.1 -8.0 142.5 1,147.6 Business goodwill (2) 1,786.7 2,860.4 129.0 -7.7 2,981.7 Software 519.4 559.1 28.5 -19.4 34.6 602.8 Other intangible assets 250.4 551.0 551.0 Tangible assets in progress 217.9 259.3 217.6 -31.3 -184.8 260.8 Gross value 3,718.0 5,232.9 385.2 -66.4 -7.7 5,543.9 Patents and trademarks 140.3 181.6 19.8 -8.0 193.4 Business goodwill 1.5 2.0 0.6 -0.1 2.5 Software 359.0 388.5 69.0 -19.4 438.1 Other intangible assets 63.4 69.0 3.3 72.3 Amortisation 564.2 641.1 92.7 -27.5 706.3 Patents and trademarks (3) 51.4 69.9 6.7 -1.9 74.7 Business goodwill 137.4 149.7 7.2 -6.8 150.1 Other intangible assets 27.5 6.2 1.9 -2.7 5.4 Impairment 216.3 225.8 15.8 -11.4 230.2 NET VALUE 2,937.5 4,366.0 276.7 -27.5 -7.7 4,607.4 (1) In 2021, other movements mainly related to the PRADA licence. (2) In 2021, the increase in business goodwill was related to the acquisition of Youth to the People. In 2020, the increase in business goodwill was due to the acquisitions of Thayers and Azzaro Mugler. (3) In 2020, the increase in impairment of patents and trademarks mainly related to the Clarisonic brand. NOTE 12. Tangible assets € millions 31.12.2019 31.12.2020 Acquisitions/ Depreciation Disposals/ Reversals Other movements 31.12.2021 Land 77.5 81.1 0.1 0.1 81.3 Buildings 670.5 727.4 24.0 -3.9 21.8 769.3 Industrial machinery and equipment 208.7 220.5 9.6 -13.1 1.7 218.7 Other tangible assets 241.9 303.1 16.6 -28.4 5.9 297.2 Tangible assets in progress 61.0 40.5 36.7 -0.1 -29.0 48.1 Advances and prepayments 2.3 2.1 1.0 3.1 Gross value 1,261.9 1,374.7 88.0 -45.5 0.5 1,417.7 Land 1.5 1.8 0.3 2.1 Buildings 407.8 430.4 28.4 -3.9 454.9 Industrial machinery and equipment 163.5 174.8 10.4 -13.0 - 172.2 Other tangible assets 155.0 205.8 31.0 -28.0 208.8 Amortisation 727.8 812.8 70.1 -44.9 838.0 Land - 0.2 -0.2 Industrial machinery and equipment 3.2 5.8 3.1 -2.6 6.3 Impairment 3.2 6.0 3.1 -2.8 6.3 NET VALUE 530.9 555.9 14.8 2.2 0.5 573.4 Depreciation and amortisation recognised in 2021 for tangible assets and intangible assets included: • €152.1  million on a straight-line basis; • €0.3 million on a declining-balance basis; • €10.4  million relating to exceptional depreciation and amortisation. L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 357 PARENT COMPANY FINANCIAL STATEMENTS Notes to the financial statements of L’Oréal SA