"Intangible assets" are assets that have significant value but no physical presence and provide long-term financial value to a company. The company's identifiable intangible assets are those that can be sold independently, separated from other assets, and valued. Intellectual property, like as patents, trademarks, and copyrights, as well as non-cash government grants, such broadcasting licenses or airport landing rights, are examples of identifiable intangible assets. A trademark is a sign that can be used to separate one company's products or services from those of other businesses. Trademarks are protected under intellectual property laws. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Constellation Software’s gross value of intangible assets surged from $2,576 million in FY2020 to $3,256 million in FY2021, an increase of 26.4%. In FY2021, the company's net value of intangible assets was $3,428 million. Trademarks and Technology Assets accounted for $30 million and $3,226 million respectively, based on the company's calculation of the fair value of identified intangible assets. The company's amortization expense for intangible assets was $142 million in FY2021.
The company's total assets increased by $1,390 million, from $4,375 million in 2020 to $5,766 million in 2021. The increase is primarily the result of an increase in intangible assets of $1,103 million and an increase in accounts receivable of $117 million. The total revenue for 2021 was $1,383 million, increasing $291 million or 27% from the $1,091 million in 2020.
The company’s trademarks grew from $8 million in FY2020 to 30 million in FY2021. The company completed the acquisition of Technology assets and Trademarks in 2021 accounting for about $727 million and $25 million.
Constellation Software Inc (Constellation) is a provider of enterprise software and services for diversified industries. The company’s specialized and mission-critical solutions enable clients to enhance productivity, cost efficiency, sales and customer service and satisfaction. It serves clients in various sectors, including communications, tour operators, hospitality, auto clubs, textiles and apparel, mining, notaries, fashion retail, school and library, event management, home and community care, and long-term care. Constellation offers its services to both public and private sector companies all over the world. The company has business presence in Europe, Australia, the Americas, and Africa.
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