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EXPLANATORY NOTES
268
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
Details of these balances and related movements are as follows:
“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 an increase of Euro 5,838 thousand,
mainly in connection with progress in the SAP Consolidation
project that aims to harmonise this information system’s use
throughout the Group. This information system, with a net book
value of Euro 30,194 thousand at 31 December 2013, entered
2.
INTANGIBLE ASSETS
service in 2009 and will be amortised over 8 years ending in 2017.
“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 2013 includes Euro 2,353 thousand
in expenditure on rolling out the SAP Consolidation project,
and on developing other software in the areas of human
resource management and research and development.
No borrowing costs were capitalised during the year.
(in thousands of Euro)
Patents
Concessions, licences,
Software
Intangibles in
Total
trademarks and similar rights
progress 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 and similar rights
progress and 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
- Reclassifications
-
1,201
2,840
(4,261)
(220)
- Amortisation
(1,192)
(368)
(8,062)
-
(9,622)
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
