Intangible assets
What are they?
Intangible assets are those that do not have a physical form but hold significant economic value. Unlike tangible assets such as buildings or machinery, intangible assets cannot be touched, yet they are essential for generating value within a company.
In a general context, intangible assets include elements such as intellectual property rights, trademarks, patents, licenses, software, and goodwill. In the real estate sector, these assets may also include lease agreements, usage rights, or contracts that generate indirect income for their owners.
Valuing intangible assets can be complex, as their worth depends on factors such as the duration of their legal rights, their ability to generate future income, and market conditions. These assets are typically classified into:
Identifiable intangible assets: Such as trademarks and patents, which can be separated from the company and sold or transferred.
Unidentifiable intangible assets: Such as goodwill, which represents the added value linked to the company’s reputation or business relationships.
Key aspects to consider
Intangible assets play a strategic role in company valuation and in their ability to compete in the market. Effective management is key to maximizing their economic potential. However, they also carry risks, such as the expiration of legal rights or fluctuations in value due to changes in the industry or regulations.
For companies in the real estate sector and other industries that rely heavily on intangible assets, it is essential to maintain proper records, conduct regular valuations, and ensure the legal protection of these assets. This helps optimize their use and contributes to the sustainable growth of the business.