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Annual Statements

Financial reporting

Price winner 2012 in the category non-listed

Home Annual Statements Financial Statements 2012 Notes to the consolidated financial statements Notes to the consolidated balance sheet Intangible assets

14. Intangible assets

(in thousands of euros)

Goodwill

Contract related assets

ICT development

Software licences

Software under development

Total

Analysis as at 31 December 2010

Cost

7,591

27,884

40,158

16,440

16,364

108,437

Accumulated amortisation and impairment

- 5,350

- 25,583

- 23,465

- 10,525

- 314

- 65,237

Carrying amount

2,241

2,301

16,693

5,915

16,050

43,200

Movements in 2011

Additions

-

-

-

86

11,047

11,133

Completions

-

-

9,666

8,384

- 18,050

-

Amortisation

-

- 2,301

- 6,710

- 3,195

-

- 12,206

Disposals

-

-

- 577

- 155

-

- 732

Total movements in the year

-

- 2,301

2,379

5,120

- 7,003

- 1,805

Analysis as at 31 December 2011

Cost

7,591

27,884

49,247

24,755

9,361

118,838

Accumulated amortisation and impairment

- 5,350

- 27,884

- 30,175

- 13,720

- 314

- 77,443

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

27,884

54,077

31,526

6,301

127,379

Accumulated amortisation and impairment

- 6,742

- 27,884

- 37,172

- 18,041

- 314

- 90,153

Carrying amount

849

-

16,905

13,485

5,987

37,226

Goodwill recognised in intangible assets at 31 December 2012 related to Schiphol Telematics B.V. An impairment test was performed at year-end 2012, comparing its carrying amount with the value in use of the cash-generating unit calculated using information from the 2013-2015 tactical plan at a discount rate of 5.3%. 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. Impairment charges in 2012 have been recognized for EUR 1,4 million and therefore there was no goodwill recognized 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.