2012 Annual Report - Italcementi Group

7. Intangible assets
in thousands of euro)
Patents, IT
development
Concessions and
other
Net carrying amount at December 31, 2011 31,608 66,475 98,083
Gross amount 127,503 88,960 216,463
Accumulated amortization (95,895) (22,485) (118,380)
Net carrying amount at December 31, 2011 31,608 66,475 98,083
Additions 5,906 10,590 16,496
Sales (338) - (338)
Amortization and impairment (11,636) (3,612) (15,248)
Translation differences (136) (683) (819)
Reclassifications and others 6,377 (6,743) (366)
Net carrying amount at December 31, 2012 31,781 66,027 97,808
Gross amount 138,122 93,232 231,354
Accumulated amortization (106,341) (27,205) (133,546)
Net carrying amount at December 31, 2012 31,781 66,027 97,808
Total
The year’s additions refer essentially to project development work for the standardization of internal Group
processes.
Expenses recognized under intangible assets for IT development at December 31, 2012 amounted to 3.3
million euro.
“Concessions” are amortized over the life of the conventions in question; amortization of quarrying concessions
is determined at rates reflecting the ratio of extracted material to total to be extracted.
8. Equity accounted investees
This caption reflects equity accounted investees, including goodwill of 31.6 million euro at December 31, 2012
(34.4 million euro at December 31, 2011).
The main equity accounted investees and share of profit (loss) are shown below:
Carrying amount
Share of profit (loss)
December 31, December 31,
2012 2011
In millions of euro)
2012
2011
Ciment Québec (Canada) 93.6 92.0 7.7 10.4
Vassiliko Cement Works (Cyprus) 57.0 61.2 (4.0) 0.2
Asment Cement (Morocco) 38.0 40.7 5.1 7.9
Tecno Gravel (Egypt) 4.6 5.1 0.5 0.6
Acquitaine de transformation (France) 4.2 4.1 - -
Others 10.1 13.6 1.8 (0.5)
To tal 207.5 216.7 11.1 18.6
Tests on goodwill recoverability generated an impairment loss at Vassilko for 2.5 million euro.
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