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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated balance sheet Intangible assets

14. Intangible assets

(in thousands of euros)

Goodwill

ICT development

Software licences

Software under development

Total

Analysis as at 31 December 2011

Cost

7,591

49,247

24,755

9,361

90,954

Accumulated amortisation and impairment

- 5,350

- 30,175

- 13,720

- 314

- 49,559

Carrying amount

2,241

19,072

11,035

9,047

41,395

Movements in 2012

Additions

-

-

136

9,259

9,395

Completions

-

5,315

7,004

- 12,319

-

Amortisation

-

- 6,997

- 4,321

-

- 11,318

Impairment

- 1,392

-

-

-

- 1,392

Reclassification

-

58

- 58

-

-

Disposals

-

- 543

- 311

-

- 854

Total movements in the year

- 1,392

- 2,167

2,450

- 3,060

- 4,169

Analysis as at 31 December 2012

Cost

7,591

54,077

31,526

6,301

99,495

Accumulated amortisation and impairment

- 6,742

- 37,172

- 18,041

- 314

- 62,269

Carrying amount

849

16,905

13,485

5,987

37,226

Movements in 2013

Additions

-

-

-

12,604

12,604

Completions

-

6,967

5,807

- 12,774

-

Amortisation

-

- 6,479

- 4,989

-

- 11,468

Reclassification

-

- 111

-

-

- 111

Disposals

-

- 110

- 102

-

- 212

Total movements in the year

-

267

716

- 170

813

Analysis as at 31 December 2013

Cost

7,591

60,823

37,231

6,131

111,776

Accumulated amortisation and impairment

- 6,742

- 43,651

- 23,030

- 314

- 73,737

Carrying amount

849

17,172

14,201

5,817

38,039

Goodwill recognised in intangible assets at 31 December 2013 related to Schiphol Telematics B.V.

An impairment test was performed at year-end 2013, comparing its carrying amount with the value in use of the cash-generating unit calculated using information from the 2014-2016 tactical plan at a discount rate of 5.1%. The test did not indicate any need to recognise an impairment loss.

Malpensa Real Estate II B.V. (MRE II B.V., a subsidiary of Schiphol Group) acquired an interest of 47.44% in Villa Carmen B.V. in 2005. The goodwill generated was derived from the surplus value of the land contributed by MRE II B.V. on acquisition of its holding. As a result of the impairment charges in 2012 the goodwill was fully amortised at year end.

ICT application development related to in-house and external hours charged to automation projects in the implementation and completion phases. Software licences and software under development relate to third-party packages.

See note 7 for further information on impairment.