<strong>Separate</strong> <strong>Financial</strong> <strong>Statements</strong> as of 31 December <strong>2007</strong> 6.20. Goodwill and other intangible assets with an indefinite useful life Goodwill originally relating to the Refrontolo factory was written off in 2006 following the downsizing of production at that location. (million euro) Description Goodwill Total OPENING BALANCES 01 January 2006 Historical value 2,4 2,4 Accumulated amortization (0,7) (0,7) Total 01 January 2006 1,7 1,7 CHANGES Purchases - - Transfer - - Disposals - - Use of amortization fund - - Write-down for impairment (1,7) (1,7) Total (1,7) (1,7) BALANCES AT 31 December 2006 Historical value 2,4 2,4 Accumulated amortization (2,4) (2,4) Total 31 December 2006 - - CHANGES Purchases - - Transfer - - Disposals - - Use of amortization fund - - Write-down for impairment - - Total - - BALANCES AT 31 December <strong>2007</strong> Historical value - - Accumulated amortization - - Total 31 December <strong>2007</strong> - - 6.21. Other intangible assets with a finite life Other intangible assets are analysed as follows: 45
<strong>Separate</strong> <strong>Financial</strong> <strong>Statements</strong> as of 31 December <strong>2007</strong> (million euro) Description OPENING BALANCES 01 January 2006 Development costs Industrial patents and intel. Rights Concess., licences and trademarks Others Assets under construction Total Historical value Accumulated amortization 41,8 (17,3) 62,7 (44,3) 18,9 (10,0) 0,4 (0,1) 10,1 - 133,8 (71,7) Total 01 January 2006 CHANGES 24,5 18,4 8,9 0,2 10,1 62,1 Purchases Transfer 6,6 6,9 6,0 1,3 1,7 - - - 15,9 (8,2) 30,2 - Disposals Use of amortization fund (5,2) 5,2 (14,5) 13,4 (3,9) 3,8 - - - - (23,7) 22,4 Amortization of the year (9,2) (10,4) (2,2) (0,1) - (21,8) Total BALANCES AT 31 December 2006 4,3 (4,2) (0,6) (0,1) 7,7 7,1 Historical value 50,1 55,4 16,6 0,4 17,8 140,3 Accumulated amortization (21,2) (41,3) (8,3) (0,2) - (71,1) Total 31 december 2006 CHANGES 28,8 14,2 8,3 0,2 17,8 69,3 Historical value on Wrap's merger 0,7 0,4 0,2 - - 1,3 Accumulated amortization on Wrap's merger (0,6) (0,4) (0,1) - - (1,1) Purchases Transfer 9,0 5,6 3,9 10,0 1,0 (0,1) - - 12,9 (15,5) 26,8 - Disposals Use of amortization fund (0,3) 0,3 (24,0) 23,1 (3,2) 3,1 - - - - (27,4) 26,5 Amortization of the year (12,9) (7,6) (1,5) (0,1) - (22,1) Total BALANCES AT 31 December <strong>2007</strong> 1,8 5,4 (0,6) (0,1) (2,6) 3,9 Historical value 65,1 45,7 14,6 0,4 15,2 141,0 Accumulated amortization (34,5) (26,1) (6,9) (0,3) - (67,8) Total 31 december <strong>2007</strong> 30,6 19,6 7,7 0,1 15,2 73,2 Development costs of 9.0 million euro (6.6 million euro) were capitalised during the year. These costs principally included: - projects to create a new line of “double cavity” ovens and a new professional range of “Twin Cavity” ovens; - projects to create a new line of 60 cm fridge-freezers with a “bulging” look that makes better use of door space; - project to increase the load capacity of the new “Aqualtis” washing machine to 8.5 kg and restyle the Washing machine, Washer-Dryer and Dryer lines ahead of the launch of the new Hotpoint-Ariston brand: development of <strong>Indesit</strong>'s new “MOON” washing machine that combines extreme ease of use with advanced and efficient wash programmes; - projects to renew completely the technical, styling and functional aspects of the dishwasher platform for all built-in and free-standing lines. The elimination of fully amortised assets resulted in the cancellation of historical costs totalling 0.3 million euro (5.2 million euro). The amortization charge for the year of 12.9 million euro (9.2 million euro) includes 1.5 million euro charged to the income statement due to the impairment of the Extendia project, which has been written off. The increases in the industrial patents and intellectual property rights caption, 3.9 million euro (6.0 million euro), reflect the costs incurred to develop and enhance integrated software programs. The elimination of fully amortised assets resulted in the cancellation of historical costs totalling 24.0 million euro (14.5 million euro). The amortization charge was 7.6 million euro (10.4 million euro). 46