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Parent Company Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
292
"Patents" refer to the patent portfolio held by Prysmian
S.p.A. and licensed to Group companies. "Concessions,
licences, trademarks and similar rights" refer to purchases of
software licences.
"Software" reports a net increase of Euro 683 thousand,
mainly in connection with progress in the SAP Consolidation
project that aims to harmonise this information system's
use throughout the Group. This system, with a net book
value (inclusive of intangibles in progress) of Euro 34,869
thousand at 31 December 2013, entered service in 2009;
during 2014 the useful life of the investment was revised,
taking the amortisation period from 8 to 10 years, reflecting
deferral in the system's full roll-out at Group level.
"Intangibles in progress and advances" refer to investments
still in progress at year end, which have therefore not been
amortised. The balance at 31 December 2014 includes Euro
7,014 thousand in expenditure on rolling out the SAP Con-
solidation project, and on developing other software in the
research and development area.
No borrowing costs were capitalised during the year.
Patents
Concessions,
Software
Intangibles in
Total
licences, trademarks
progress and
and similar rights
advances
Balance at 31 December 2012
5,445
1,349
29,588
4,905 41,287
Movements in 2013:
- Investments
-
586
5,838
3,314 9,738
- of which internally generated intangible assets
-
-
5,828
2,374 8,202
- Amortisation
(1,192)
(368)
(8,062)
-
(9,622)
- Reclassifications
-
1,201
2,840
(4,261)
(220)
Total movements
(1,192)
1,419
616
(947)
(104)
Balance at 31 December 2013
4,253
2,768
30,204
3,958 41,183
Of which:
- Historical cost
11,394
3,409
56,504
3,958 75,265
- Accumulated amortisation and impairment
(7,141)
(641)
(26,300)
- (34,082)
Net book value
4,253
2,768
30,204
3,958 41,183
(in thousands of Euro)