307
The following table presents the movements in the year by the principal components of intangible assets:
“Concessions, licences, trademarks and similar rights” refer to
purchases of software licences.
“Software”, which includes software development, reports
a large increase mostly due to the new information system
(SAP Consolidation project) which has already entered service
and whose historical cost at 31 December 2012 is Euro 46,725
thousand. The costs of this information system will be
amortised over 8 years ending in 2017.
“Intangibles in progress and advances” refer to investments
2. INTANGIBLE ASSETS
still in progress at year end, which have therefore not been
amortised.
The amount at 31 December 2012 includes Euro 2,824 thousand
in expenditure on rolling out the SAP Consolidation project,
aimed at harmonising the information system throughout the
Group over the next few years.
No borrowing costs were capitalised during the year.
Movements in intangible assets in 2011 were as follows:
(in thousands of Euro)
Patents
Concessions, licences,
Software
Intangibles in
Total
trademarks
progress
and similar rights
and advances
Balance at 31 December 2011
6,638
368
27,381
5,380
39,767
Movements in 2012:
- Investments
-
815
4.239
4,636
9,690
- of which internally generated intangible assets
-
-
2.527
4,064
6,591
- Reclassifications
-
383
4,374
(5,111)
(354)
- Amortisation
(1,193)
(217)
(6,406)
-
(7,816)
Total movements
(1,193)
981
2,207
(475)
1,520
Balance at 31 December 2012
5,445
1,349
29,588
4,905
41,287
Of which:
- Historical cost
11,394
1,622
47,826
4,905
65,747
- Accumulated amortisation and impairment
(5,949)
(273)
(18,238)
-
(24,460)
Net book value
5,445
1,349
29,588
4,905
41,287
(in thousands of Euro)
Patents
Concessions, licences,
Software
Intangibles in
Total
trademarks
progress
and similar rights
and advances
Balance at 31 December 2010
7,831
104
24,450
4,582
36,967
Movements in 2011:
- Investments
-
174
3,816
5,180
9,170
- of which internally generated intangible assets
-
-
3,007
4,335
7,342
- Reclassifications
-
143
4,239
(4,382)
-
- Amortisation
(1,193)
(53)
(5,124)
-
(6,370)
Total movements
(1,193)
264
2,931
798
2,800
Balance at 31 December 2011
6,638
368
27,381
5,380
39,767
Of which:
- Historical cost
11,394
424
39,218
5,380
56,416
- Accumulated amortisation and impairment
(4,756)
(56)
(11,837)
-
(16,649)
Net book value
6,638
368
27,381
5,380
39,767
