SOMFY_ANNUAL_FINANCIAL_REPORT_2017
07 CONSOLIDATED FINANCIAL STATEMENTS
Allocated intangible assets
Development costs
Patents and brands
Software Other
In progress and advance payments
Total
€ thousands
134,105 10,302 –2,774 –1,919
Gross value at 1 January 2017
31,456
38,298
9,003 45,138 2,290
7,920 8,487
Acquisitions
– –
223
124
1,368 –774 –124
99
Disposals
–1,416
–514 –297
–70
– – –
Changes in foreign exchange rates Changes in scope of consolidation
–1,493
– –
–4
–
– –
–
–
–
–21
Other movements
5,821
–49
2,942
–22 –8,713
AT 31 DECEMBER 2017
29,963 –17,646 –3,242
42,926
8,267 48,549 2,294
7,694 139,693
–85,530 –11,694
Accumulated amortisation at 1 January 2017
–26,718 –3,381 –35,956 –1,828
– – – – – –
Amortisation charge for the period
–4,585
–571 –3,172
–124
2,111 1,115
Disposals
–
1,411
258
375
67
Changes in foreign exchange rates Changes in scope of consolidation
961
– – –
68
82
4 –
–
– –
–
– –
71
Other movements
49
22
AT 31 DECEMBER 2017
–19,928 10,035
–29,892 –3,577 –38,671 –1,860
– –93,928
NET VALUE AT 31 DECEMBER 2017
13,034
4,690
9,878
434 7,694* 45,765
* Of which development expenses in progress amounting to €6.0 million.
Allocated intangible assets
Development costs
Patents and brands
Software Other
In progress and advance payments
Total
€ thousands
122,737
Gross value at 1 January 2016
31,961
35,868
8,816 41,703 1,577
2,813 8,376
9,729
Acquisitions
–
7
92
1,214 –748
40 –1 –4
–5,248
Disposals
–3,836
–463
–200
– –
–979 7,847
Changes in foreign exchange rates Changes in scope of consolidation
–869 4,200
–
–78 373
–29
1,880 1,007
–
659
735
Other movements
19
–
–1
2,998
20 –4,005
AT 31 DECEMBER 2016
31,456 –19,378 –2,568
38,298
9,003 45,138 2,290
7,920 134,105
–79,245 –9,495
Accumulated amortisation at 1 January 2016
–22,216 –2,700 –33,771 –1,181
– – – – – –
Amortisation charge for the period
–3,450
–572 –2,830
–74
4,973
Disposals
3,836
333
173 –54
631
– 4
430
Changes in foreign exchange rates Changes in scope of consolidation
464
–
17
–2,175
– –
–1,386
–229
–
–560
Other movements
–19
–
1
–3
–17
AT 31 DECEMBER 2016
–17,646 13,810
–26,718 –3,381 –35,956 –1,828
– –85,530
NET VALUE AT 31 DECEMBER 2016
11,580
5,622
9,182
463 7,920* 48,575
* Of which development expenses in progress amounting to €6.9 million.
Development expenses fulfilling the criteria of IAS 38 are capitalised and deemed as internally-generated intangible assets. At 31 December 2017, the gross value of these assets was €48.9 million, of which €6.0 million was in progress and the net value was €19.0 million. The amount of research and development expenses recognised during the year was €88.8 million (net of capitalised production). There are no contractual commitments to purchase intangible assets. Net intangible assets recognised in the context of business combinations at 31 December 2017 comprised €6.8 million in customer relationships and €3.2 million in capitalised research and development expenses (€9.8 million and €4.1 million respectively at 31 December 2016).
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SOMFY – ANNUAL FINANCIAL REPORT 2017
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