2005 Annual report - Virbac

72
Change in intangible assets
Concessions, patents, Other intangible Total
licences and trademarks
assets
(€ thousands) Indefinite useful life Finite useful life Total
COST
As at 1 January 2005 28,844 17,906 46,750 18,665 65,415
Acquisitions 785 284 1,069 2,595 3,664
Business combinations 0 0 0 16 16
Disposals -89 0 -89 -311 -400
Transfers -1 -1 -2 -474 -476
Impact of exchange rate fluctuations 380 1,488 1,868 147 2,015
As at 31 December 2005 29,919 19,677 49,596 20,638 70,234
AMORTISATION AND IMPAIRMENT
As at 1 January 2005 2,063 5,904 7,967 7,969 15,936
Amortisation 6 2,452 2,458 571 3,029
Impairment 3,487 0 3,487 960 4,447
Business combinations 0 0 0 0 0
Reductions -78 0 -78 -277 -355
Transfers 0 -1 -1 -441 -442
Impact of exchange rate fluctuations 14 263 277 75 352
As at 31 December 2005 5,493 8,618 14,110 8,857 22,967
CARRYING AMOUNT
As at 1 January 2005 26,781 12,002 38,783 10,696 49,479
As at 31 December 2005 24,427 11,059 35,486 11,781 47,267
The impairment loss recognised in 2005 reflects impairment identified in respect of two intangible assets amounting to
€4.5 million. As a result of an impairment test, the recoverable amount of these assets was judged to be less than their carrying
amount.
Note B3 - Property, plant and equipment
Property, plant and equipment are assets purchased or acquired by means of finance lease contracts.
As at 31 December 2005, the gross value of assets acquired by means of finance leases and restated as property, plant and
equipment in accordance with IAS 17 amounted to €7,213 thousand.
The main constituents of the Group’s property, plant and equipment are:
◆ land,
◆ buildings, which comprise the buildings themselves and any fixtures and fittings,
◆ machinery and industrial equipment,
◆ other property, plant and equipment, which comprise mainly computer hardware, office furniture and motor vehicles.