Annual report 2008 - Altarea Cogedim

CONSOLIDATED FINANCIAL STATEMENTS
13.10. Customer relationships
The customer relationship assets were recognised in connection with the acquisition of Cogedim on 17 July 2007 (see notes
7.9 and 12.5).
Gross Costumers elationships
AT 1 January 2007 –
Change in scope of consolidation 181,570
At 31 december 2007 181,570
At 31 december 2008 181,570
Amortisation and impairment
AT 1 January 2007 –
Allowance for amortisation (24,627)
At 31 december 2007 (24,627)
Allowance for amortisation (35,891)
Allowance for impairment (91,545)
At 31 december 2008 (152,063)
Net
AT 1 January 2007 –
At 31 december 2007 156,943
At 31 december 2008 29,507
13.11. Inventories and work in progress
n Change in inventories and work in progress, gross
(in € thousand)
Shopping
centres
Property developments
for third parties
Total
AT 1 January 2007 3,990 24,390 28,380
Change 18,096 51,948 70,044
Reclassification 24,551 (16) 24,535
Change in scope of conslidation - 404,142 404,142
At 31 december 2007 46,637 480,464 527,101
Variation (12,382) (85,176) (97,558)
Reclassement (25,932) 1,711 (24,221)
Change in scope of conslidation 583 (896) (313)
At 31 december 2008 8,906 396,104 405,010
The office portion of the Kremlin Bicêtre project is now intended to be retained in the portfolio. A transfer of €21.5 million
was made from inventories to the Assets under development line item.
The changes in scope of consolidation during 2007 were entirely attributable to the acquisition of Cogedim.
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