LifeStar Insurance (MAL:LSI) Intangible Assets : €16.00 Mil (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is LifeStar Insurance Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. LifeStar Insurance's intangible assets for the quarter that ended in Jun. 2023 was €16.00 Mil.

LifeStar Insurance Intangible Assets Historical Data

The historical data trend for LifeStar Insurance's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LifeStar Insurance Intangible Assets Chart

LifeStar Insurance Annual Data

Trend

Dec20

Dec21

Dec22

Intangible Assets

12.39

14.15

15.32

LifeStar Insurance Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Intangible Assets	Get a 7-Day Free Trial			13.57	14.15	14.72	15.32	16.00

LifeStar Insurance Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

LifeStar Insurance (MAL:LSI) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

LifeStar Insurance Intangible Assets Related Terms

Thank you for viewing the detailed overview of LifeStar Insurance's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

LifeStar Insurance (MAL:LSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » LifeStar Insurance PLC (MAL:LSI) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Testaferrata Street, Ta’Xbiex, MLT, XBX 1403

Website

https://www.lifestarinsurance.com

LifeStar Insurance PLC is a provider of insurance products in Malta offering customers a comprehensive range of protection, savings and investment and retirement life insurance products. Its products are classified under Protection, Savings and Investment, Retirement, and Health products.