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TlB Annual Report 2009 - Triodos Bank

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32. PARTICIPATING INTERESTS<br />

<strong>2009</strong> 2008<br />

Participating interests in group companies 24,040 22,879<br />

Other participating interests 2,978 3,396<br />

27,018 26,275<br />

This relates to equity participations that are held long-term for business operation purposes. The statement of<br />

equity participations in accordance with Section 2:379 of The Netherlands Civil Code is included under the<br />

accounting principles for consolidation in the Notes to the consolidated <strong>Annual</strong> Accounts.<br />

The movement in this item is as follows:<br />

<strong>2009</strong> 2008<br />

Balance sheet value as at 1 January 26,275 17,058<br />

Acquisitions — 1,000<br />

Incorporations — 125<br />

Capital increases — 7,775<br />

Result on participating interests<br />

Transfer from or to provision for negative<br />

4,668 1,953<br />

equity of participating interests -907 315<br />

Dividend paid -2,530 -1,230<br />

Revaluation -453 -949<br />

Exchange rate result on foreign currency -35 228<br />

Balance sheet value as at 31 December 27,018 26,275<br />

33. INTANGIBLE FIXED ASSETS<br />

<strong>2009</strong> 2008<br />

Goodwill paid 479 338<br />

Development costs for information systems 9,946 9,182<br />

Computer software 127 —<br />

10,552 9,520<br />

Goodwill paid<br />

Goodwill paid relates to the goodwill that <strong>Triodos</strong> <strong>Bank</strong> paid to <strong>Triodos</strong> Investments España in 2004, 2005 and<br />

<strong>2009</strong> to buy off the rights to the future profit made by the Spanish branch.<br />

TRIODOS BANK - ANNUAL REPORT <strong>2009</strong> 141

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