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Income statement
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Annexed tables
Note 16 - Tangible assets
Tangible assets as at December 31, 2010 totaled to 302,688 Euros. Detail is as follows:
(in Euros) 31/12/2010 31/12/2009 Change
Plant and machinery 41,631 121,229 (79,598)
Hardware 45,682 89,785 (44,103)
Other 215,375 330,423 (115,048)
Total 302,688 541,437 (238,749)
The item Other includes computers, net work equipment, furniture and plants for new office locations.
Change in tangible assets during 2010 is summarized in the table below:
(in Euros) plant and machinery Hardware Other Total
Historical cost 1,153,828 1,205,120 1,963,859 4,322,807
Accumulated depreciation (1,032,599) (1,115,335) (1,633,436) (3,781,370)
Balance at 31/12/2009 121,229 89,785 330,423 541,437
Historical cost
Additions 10,821 37,062 184,565 232,448
Disposals (3,900) (17,276) (173,374) (194,550)
Other - - - -
Accumulated depreciation
Depreciation (89,819) (78,842) (161,001) (329,662)
Utilization 3,300 14,953 34,762 53,015
Other - - - -
Historical cost 1,160,749 1,224,906 1,975,050 4,360,705
Accumulated depreciation (1,119,118) (1,179,224) (1,759,675) (4,058,017)
Balance at 31/12/2010 41,631 45,682 215,375 302,688
In 2010 the Company’s additions totaled 232,448 Euros and mainly refer to computers and network equipment,
generic equipment and furniture and fittings and plants for new office locations.
The item Other also includes the lease of video conference equipment amounting to 5 thousand Euros.
Note 17 - Goodwill
Goodwill at December 31, 2010 amounted to 86,765 Euros and refers to the value of business branches (consulting
activities related to Information Technology and management support) purchased in July 2000.
Goodwill recognized is deemed adequately supported in terms of expected financial results and related cash flows.
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