Annual Report - VÚB banka

14. Intangible assets
Software Other Assets in Total
intangible assets
progress
Cost
At 1 January 2007 3,835 1,361 172 5,368
Additions - - 510 510
Disposals (16) - (30) (46)
Transfers 399 92 (491) -
Acquisition of subsidiaries (note) 33 270 - 303
At 31 December 2007 4,251 1,723 161 6,135
Amortization
At 1 January 2007 (3,136) (447) - (3,583)
Additions (316) (188) - (504)
Disposals 12 - - 12
Acquisition of subsidiaries (note 2) (23) - - (23)
At 31 December 2007 (3,463) (635) - (4,098)
Carryying amount
At 31 December 2007 788 1,088 161 2,037
40
Software Other Assets in Total
intangible assets
progress
Cost
At 1 January 2006 3,639 1,348 120 5,107
Additions - - 309 309
Disposals (7) (4) (37) (48)
Transfers 203 17 (220) -
At 31 December 2006 3,835 1,361 172 5,368
Amortization
At 1 January 2006 (2,851) (275) - (3,126)
Additions (293) (177) - (470)
Disposals 8 5 - 13
At 31 December 2006 (3,136) (447) - (3,583)
Carrying amount
At 31 December 2006 699 914 172 1,785
15. Goodwill
2007 2006
B.O.F., a.s. 315 -
Consumer Finance Holding, a.s. 570 570
885 570
Goodwill related to B.O.F., a.s. arose on the acquisition
of the majority shareholding in B.O.F., a.s. and reflects
the call and put options structure stipulated in the Shareholders’
agreement relating to B.O.F., a.s. The goodwill
amount includes both goodwill related to the majority
shareholding (Sk 219 million) and goodwill arising
from the future purchase of the minority shareholding
(Sk 96 million). Goodwill related to Consumer Finance
Holding, a.s. (‘CFH’) arose in 2005 on the acquisition
of CFH, the Group’s sales finance subsidiary.
Annual Report 2007