Internally developed intangible assets do not appear as such on a company's balance sheet. The balance sheet aggregates all of a company's assets, liabilities, and shareholders' equity.Since an intangible asset is classified as an asset, it should appear in the balance sheet. The sale of shares in the Aguada Pichana Este concession in Argentina and the divestiture of the production site for styrene butadiene-based paper dispersions in Pischelsdorf, Austria led to a €6 million disposal of goodwill.

Intangible Asset: An intangible asset is an asset that is not physical in nature.
An intangible asset is a non-physical asset that has a multi-period useful life.Examples of intangible assets are patents, copyrights, customer lists, literary works, trademarks, and broadcast rights. This includes the acquisition cost and any associated fees to secure the rights and privileges of the item. Compute the cost of the intangible asset. As a result, goodwill has a useful life which is indefinite, unlike most of the other intangible assets. Goodwill only shows up on a balance sheet when two companies complete a merger or acquisition.
Economic goodwill, which is frequently referred to as franchise value, consists of the intangible advantages a company has over its competitors, such as an excellent reputation, strategic location, or business connections.While every effort should be made for businesses to carry these intangible assets at costs on the balance sheet, they are sometimes given what amounts to near meaningless values. Reporting intangible assets is necessary on a company’s balance sheet, under the long-term assets section. Disposals of intangible assets amounting to €294 million were largely attributable to the derecognition of fully amortized assets.