Today, Wavin - Jaarverslag.com

Wavin Annual Report 2010 | page 114The additions in development costs amount to € 2.9 million including an amount of € 0.7 million (2009: € 0.3 million) ofcapitalised borrowing costs during the period ended 31 December 2010 using an average interest rate of 7.1% (2009: 6.2%).SoftwareThe carrying amount of software represents the capitalised expenses related to new (internally developed) software solutionsand related implementation expenses. The additions in software for an amount of € 4.2 million (2009: € 3.3 million) are mainlyrelated to the further roll-out of the Group-wide IT platform. At 31 December 2010 no borrowing costs were capitalised asthe additions did not classify as a qualifying asset.OtherIn addition to development costs and software the carrying amount of other intangible assets includes capitalised expensesrelated to licenses, trademarks, patents etc.19. Investments in associatesThe investment in associates mainly relates to our 40% (2009: 40%) shareholding in GF Wavin AG (Switzerland). The (100%)key fi gures of GF Wavin AG are:(€ x 1,000) ASSETS LIABILITIES EQUITY REVENUE PROFIT/LOSS2010GF Wavin AG 84,836 35,612 49,224 74,730 5,5232009GF Wavin AG 70,671 26,914 43,757 69,886 8,264The increase in assets, equity and liabilities is for a signifi cant part the result of changes in exchange rates between the SwissFranc and the Euro.20. Other financial (non-current and current) assets(€ x 1,000) 2010 2009Non-current investmentsGuaranteed deposit 262 414Financial instruments 177 17Other non-current investments 445 355Total non-current investments 884 786Total current investments – –The Group’s exposure to credit, currency and interest rate risks related to other investments is disclosed in note 4.