Annual Report 2014

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Financial report Consolidated financial statements Note 9 – Intangible assets other than goodwill IN THOUSANDS OF EUR CONCESSIONS SOFTWARE BRANDS TECHNOLOGY CUSTOMER LIST OTHERS TOTAL At 31 December 2012 Gross book value 44,427 77,386 93,795 69,904 41,397 30,062 356,971 Accumulated amortisation -15,459 -55,315 -7,317 -5,179 -2,895 -20,255 -106,420 Accumulated impairment losses -122 -270 - - - -3,916 -4,308 Net book value 28,846 21,801 86,478 64,725 38,502 5,891 246,243 Additions 7 12,291 384 - - 161 12,843 Disposals - -26 - - - - -26 Retirements - -1 - - - - -1 Acquisitions through business combinations - 178 - - 6,484 503 7,165 Transfer between captions 256 4,526 - - - -1,580 3,202 Amortisation for the year -745 -4,766 -6,430 -4,371 -2,864 -1,338 -20,514 Impairment loss of the year - -543 - - - -68 -611 Changes in the scope of consolidation - - - -2,130 - 195 -1,935 Translation differences -2,299 -601 -572 -245 -280 -172 -4,169 At 31 December 2013 Gross book value 42,241 89,644 93,589 67,526 47,786 17,516 358,302 Accumulated amortisation -16,054 -56,521 -13,729 -9,547 -5,944 -13,924 -115,719 Accumulated impairment losses -122 -264 - - - - -386 Net book value 26,065 32,859 79,860 57,979 41,842 3,592 242,197 Additions 792 5,908 19 - - 8 6,727 Disposals - -5 - - - - -5 Transfer between captions 1,227 1,031 -5,098 5,396 -1 -296 2,259 Amortisation for the year -826 -5,905 -6,519 -4,150 -3,418 -1,160 -21,978 Impairment loss of the year - -207 - -420 - -3 -630 Changes in the scope of consolidation -25 - - - - - -25 Translation differences -956 89 1,285 449 -1,465 191 -407 At 31 December 2014 Gross book value 42,964 95,902 95,081 75,032 46,514 15,083 370,576 Accumulated amortisation -16,565 -61,778 -25,534 -15,778 -9,556 -12,751 -141,962 Accumulated impairment losses -122 -354 - - - - -476 Net book value 26,277 33,770 69,547 59,254 36,958 2,332 228,138 The major additions of 2014 relate to the internally developed ERP system. 108
Etex Annual Report 2014 Financial report Consolidated financial statements Note 10 – Investment properties IN THOUSANDS OF EUR 2013 2014 Gross book value 40,956 38,802 Accumulated depreciation -18,368 -17,025 Accumulated impairment losses -2,967 -2,938 Net book value at the beginning of the year 19,621 18,839 Depreciation for the year -187 -157 Reversal of impairment losses - 500 Additions 529 88 Disposals -749 -960 Translation differences -375 -49 Net book value at the end of the year 18,839 18,261 Gross book value 38,802 41,533 Accumulated depreciation -17,025 -11,009 Accumulated impairment losses -2,938 -12,263 Investment properties comprise several pieces of land and buildings, mainly in France, Germany and Italy. The fair value of the investment properties is estimated at € 32,255 thousand (€ 35,164 thousand in 2013). Where external valuations were not available, best estimates have been used. Note 11 – Assets held for sale IN THOUSANDS OF EUR 2013 2014 Gross book value 5,498 10,492 Accumulated impairment losses -1,536 -7,616 Net book value at the beginning of the year 3,962 2,876 Impairment losses -502 - Disposals -665 -67 Transfer between captions 293 1,667 Translation differences -212 113 Net book value at the end of the year 2,876 4,589 Gross book value 10,492 7,889 Accumulated impairment losses -7,616 -3,300 Assets held for sale are lands that are not used in operations anymore and for which the Group is actively looking for a buyer. Most of these assets are located in Mexico and in the United Kingdom. 109
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Annual Report 2014
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Key figures KEY FIGURES In mill
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Key events KEY EVENTS As a toke
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ABOUT ETEX 1 Our company & strategy
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Etex Annual Report 2014 About Etex
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worldwide presence with local ancho
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Fire protection & insulation Worldw
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Activity report Cladding & building
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Activity report Roofing 2.2 Roofing
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Activity report Roofing with Spain.
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ENVIRONMENTAL REPORT 3 Protecting o
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Etex Annual Report 2014 Environment
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Social report Human Resources 4.1 H
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Annual Report 2014

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