Separate Financial Statements 2007 - Indesit

Separate Financial Statements as of 31 December 2007
Trademarks comprise the Star brand acquired on the absorption of that company in 2003.
Licences with an historical cost totalling 14.5 million euro principally relate to the right to use
the Ariston brand name, as well as the rights to use software programs. The increase during the
year was 1.0 million euro, of which 0.1 million euro relates to the Ariston licence and the
remaining 0.9 million euro relates to software licences (SAP, Microsoft, etc.).
The total amortization charge for trademarks and licences was 1.5 million euro (2.2 million
euro). The elimination of fully amortised assets resulted in the cancellation of historical costs
totalling 3.2 million euro (3.8 million euro).
Other intangible fixed assets relate to leasehold improvements. The amortization charge for
2007 was 0.1 million euro and, accordingly, the residual amount is 0.1 million euro (0.2 million
euro).
Assets in progress principally comprise development costs of 7.0 million euro (7.1 million
euro) and software amounting to 7.8 million euro (9.8 million euro).
6.22. Investments in associates
Investments in associates are analysed below:
(million euro)
Company name % 12/31/2007 12/31/2006
Adria Lab Srl (sold) - - 0,3
Haier Merloni Electrical Appliance Co. Ltd (sold) - - 1,6
Haier Merloni Washing Machine Co. Ltd (sold) - - 9,2
M. & B. Marchi e Brevetti Srl 50,00 - -
Trade Place Bv 20,00 0,5 0,5
Total associates 0,5 11,6
The investments in Haier Merloni Washing Machine Co Ltd and Haier Merloni Electrical
Appliances Co Ltd were sold during 2007, realising a capital gain of 1.0 million euro; the gain
on the sale of the investment in Adrialab S.r.l. was not significant.
6.23. Investments in subsidiaries and other investments
The caption comprises holdings in subsidiaries, holdings in other companies which generally
represent less than 20% of their share capital or voting rights, and other non-current financial
assets.
The investments in other companies held by Indesit Company S.p.A. are not listed and their
securities are not traded in an official market. Accordingly, their fair value cannot be
determined reliably since there were no transactions involving these securities during the past
year. The cost of the securities held is analysed below.
Investments in directly and indirectly-held subsidiaries and other companies are analysed in the
table below, which indicates the direct investment held:
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