TlB Annual Report 2009 - Triodos Bank
TlB Annual Report 2009 - Triodos Bank
TlB Annual Report 2009 - Triodos Bank
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6. PARTICIPATING INTERESTS<br />
<strong>2009</strong> 2008<br />
Other participating interests 2,532 3,020<br />
This relates to a participating interest in New Resource <strong>Bank</strong>, San Francisco and Merkur <strong>Bank</strong>, Copenhagen,<br />
where no significant influence can be exercised.<br />
The movement in this item is as follows:<br />
<strong>2009</strong> 2008<br />
Balance sheet value as at 1 January 3,020 841<br />
Acquisitions — 2,900<br />
Revaluation -453 -949<br />
Exchange rate results on foreign currencies -35 228<br />
Balance sheet value as at 31 December 2,532 3,020<br />
7. INTANGIBLE FIXED ASSETS<br />
<strong>2009</strong> 2008<br />
Goodwill paid 505 371<br />
Development costs for information systems 9,967 9,213<br />
Management contracts 3,375 3,576<br />
Computer software 127 —<br />
The goodwill paid relates to:<br />
13,974 13,160<br />
goodwill that <strong>Triodos</strong> Fonds Management paid to <strong>Triodos</strong> Investment Management in 2004 to acquire research<br />
activities;<br />
goodwill that <strong>Triodos</strong> <strong>Bank</strong> paid to <strong>Triodos</strong> Investments España in 2004 , 2005 and an addition in <strong>2009</strong> to buy off<br />
the rights to the future profit made by the branch in Spain.<br />
TRIODOS BANK - ANNUAL REPORT <strong>2009</strong> 97
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