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8. Intangible fixed assets

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Amounts in thousands of EUR

2012

2011

 

 

 

Goodwill paid

190

295

Development costs for information systems

8,361

9,529

Management contracts

2,771

2,972

Computer software

963

679

 

 

 

 

 

 

 

12,285

13,475

 

 

 

The goodwill paid relates to:

  • goodwill that Triodos Fonds Management paid to Triodos Investment Management in 2004 to acquire research activities;
  • goodwill that Triodos Bank paid to Triodos Investments España in 2004, 2005 and an addition in 2009 to buy off the rights to the future profit made by the branch in Spain.

The movement in goodwill paid is as follows:

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Amounts in thousands of EUR

2012

2011

 

 

 

Purchase value as at 1 January

900

900

Cumulative amortisation as at 1 January

–605

–500

 

 

 

 

 

 

Balance sheet value as at 1 January

295

400

Purchase

Amortisation

–105

–105

 

 

 

 

 

 

Balance sheet value as at 31 December

190

295

 

 

 

The development costs for information systems

The development costs for information systems contain costs for the development of the bank’s ICT system.

The movement in the development costs for the information systems item is as follows:

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Amounts in thousands of EUR

2012

2011

 

 

 

Purchase value as at 1 January

20,534

19,567

Cumulative amortisation as at 1 January

–11,005

–8,774

 

 

 

 

 

 

Balance sheet value as at 1 January

9,529

10,793

Capitalised expenses

1,218

967

Amortisation

–2,386

–2,231

Impairments

 

 

 

 

 

 

Balance sheet value as at 31 December

8,361

9,529

 

 

 

Management contracts

The management contracts relate to contracts for the management of funds by Triodos Investment Management. When it acquired its participating interest in Triodos Investment Management, Triodos Bank paid a sum for this to Triodos Holding.

The movement in management contracts is as follows:

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Amounts in thousands of EUR

2012

2011

 

 

 

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–1,058

–856

 

 

 

 

 

 

Balance sheet value as at 1 January

2,972

3,174

Amortisation

–201

–202

 

 

 

 

 

 

Balance sheet value as at 31 December

2,771

2,972