Annual Report 2012 - Indesit

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Separate financial statements at 31 December 2012 – Notes 7.2 Other intangible assets with a finite life The changes in historical cost are presented below: (million euro) 31.12.2011 Increases Amortization and impairment losses Decreases Other movements 31.12.2012 Development costs 79.3 11.7 - (0.2) 4.3 (5.6) 89.5 Licences and software 66.3 5.5 - (0.4) 3.2 (8.4) 66.2 Brands with a finite life 0.1 - - - - (0.0) 0.1 Intangible assets under construction 8.3 10.4 - - (7.5) - 11.1 Other intangible assets 0.2 0.0 - - - (0.2) - Total 154.3 27.6 - (0.7) 0.0 (14.2) 167.0 (million euro) 31.12.2010 Increases Amortization and impairment losses Decreases Other movements 31.12.2011 Development costs 65.7 11.8 - (0.1) 12.5 (10.6) 79.3 Licences and software 62.8 5.9 - (0.9) 2.4 (3.8) 66.3 Brands with a finite life 0.1 - - - - - 0.1 Intangible assets under construction 15.6 7.6 - - (14.8) 0.0 8.3 Other intangible assets 0.1 0.1 - - - (0.0) 0.2 Total 144.3 25.4 - (0.9) 0.0 (14.4) 154.3 The change in accumulated depreciation is presented below: (million euro) 31.12.2011 Increases Amortization and impairment losses Decreases Other movements 31.12.2012 Development costs (45.1) - (13.7) - 0.0 5.6 (53.3) Licences and software (39.2) - (10.2) - (0.0) 8.4 (41.0) Brands with a finite life (0.1) - - - - 0.0 (0.1) Other intangible assets (0.1) - - - - 0.1 - Total (84.5) - (23.9) - - 14.1 (94.4) (million euro) 31.12.2010 Increases Amortization and impairment losses Decreases Reclassification Reclassification Reclassification Reclassification Other movements 31.12.2011 Development costs (40.3) - (15.4) - - 10.6 (45.1) Licences and software (32.8) - (10.2) - - 3.8 (39.2) Brands with a finite life (0.1) - (0.0) - - - (0.1) Other intangible assets (0.1) - (0.0) - - 0.0 (0.1) Total (73.3) - (25.6) - - 14.4 (84.5) 156
Separate financial statements at 31 December 2012 – Notes The change in net carrying amount is presented below: (million euro) 31.12.2011 Additions Amortization and impairment losses Decreases Other movements 31.12.2012 Development costs 34.2 11.7 (13.7) (0.2) 4.3 - 36.3 Licences and software 27.1 5.5 (10.2) (0.4) 3.2 - 25.2 Brands with a finite life - - - - - - - Intangible assets under construction 8.3 10.4 - - (7.5) - 11.1 Other intangible assets 0.1 0.0 - - - (0.1) - Total 69.8 27.6 (23.9) (0.7) 0.0 (0.1) 72.6 (million euro) 31.12.2010 Additions Amortization and impairment losses Decreases Reclassifications Reclassifications Other movements 31.12.2011 Development costs 25.4 11.8 (15.4) (0.1) 12.5 - 34.2 Licences and software 30.0 5.9 (10.2) (0.9) 2.4 0.0 27.1 Brands with a finite life 0.0 - (0.0) - - - - Intangible assets under construction 15.6 7.6 - - (14.8) 0.0 8.3 Other intangible assets 0.0 0.1 (0.0) - - - 0.1 Total 71.0 25.4 (25.6) (0.9) 0.0 0.0 69.8 Capitalized Development costs amounted to 11.7 million euro (11.8 million euro), mainly in relation to the work on new products. Development costs have enabled the acquisition of a greater know-how in industrial or commercial matters. The elimination of the historical values resulting from the impairment loss of fully amortized development costs amounted to 5.6 million euro (10.6 million euro). The amortization charge for the year was 13.7 million euro (15.4 million euro). The increases in the Licenses and software caption include 4.8 million euro (5.2 million euro) incurred to develop and enhance software programs, and 0.7 million euro (0.7 million euro) relating to IT user licences (SAP, Microsoft etc.). The capitalized licences, totaling a historical cost of 11.3 million euro, mainly relating to the rights to use the brand Ariston, for 6.7 million euro (total amortized at 31 December 2012 to 4.2 million euro), and the rights of use of computer programs for 4.6 million euro. The elimination of fully amortized software and licences resulted in the cancellation of historical costs totaling 6.7 million euro (2.7 million euro) and 1.7 million euro (1.1 million euro) respectively. The amortization charges for software and licences totaled 8.9 million euro (8.9 million euro) and 1.2 million euro (1.4 million euro) respectively. 157
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Indesit Company S.p.A. Registered O
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Annual Report 2012 - Indesit

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