Financial Statements 2009 - Manutencoop

the fair value of the assets and liabilities acquired via the combination was euro 213 thousand, whilethe total cost of the combination was euro 1,406 thousand.the difference between purchase cost and the carrying amount of the net assets, euro 1,193 thousand,has been classified as goodwill.the net liquidity used for the combination was euro 632 thousand.as of 31 december 2009, the residual liability to the sellers amounts to euro 563 thousand.5. propertY, plant and eQuIpmentadditions to leased plant and equipment during 2009 amounted to euro 3,619 thousand and mainly,euro 3,400 thousand, related to long-term rights to use the co-generation plant installed at the hospitalin Como.in particular, under a contract signed with progetto nuovo sant’anna s.r.l., the associated companythat owns this plant, s.an.ge s.c.a.r.l., a subsidiary, has the right to manage it for the duration of thecontract; all the revenues and benefits deriving from plant management will accrue solely to s.an.ges.c.a.r.l., in exchange for the obligation to supply electricity and steam to Como Hospital and the paymentof an annual fee to progetto nuovo sant’anna s.r.l..the following table reports the changes in tangible fixed assets (both owned and held under financeleases) during the year ended 31 december 2009. the historical cost and accumulated depreciation atthe start and end of the year are shown at the bottom of the table.decreases in 2009 of euro 2,058 thousand mainly relate to the disposal by the parent company of itsit line of business to engineering.it s.p.a., as well as the retirement of linens that are no longer usabletotalling euro 848 thousand.(in thousands of Euro) property plant and leased leasedtotalequipment property plant andequipmentas of 1 January 2009, net of accumulateddepreciation and impairment 3,835 53,893 338 4,608 62,674increases (business combinations) 48 48the other changes principally reflect the redemption of leased plant by servizi ospedalieri totallingeuro 383 thousand.the following table reports the changes in property, plant and equipment (both owned and held underfinance leases) during the year ended 31 december 2008. the historical cost and accumulated depreciationat the start and end of the year are shown at the bottom of the table.increases (additions) 831 21,052 3,619 25,502pimpairment 0 0decreases (2,058) (50) (2,108)depreciation charge for the year (218) (22,025) (18) (1,263) (23,524)other 0 383 95 (383) 95as of 31 december 2009 4,448 51,293 415 6,531 62,687as of 1 January 2009 0Cost 4,768 178,818 426 11,233 195,245accumulated depreciation and impairment (933) (124,925) (88) (6,625) (132,571)net carrYInG amount 3,835 53,893 338 4,608 62,674as of 31 december 2009 0Cost 6,691 191,675 521 11,810 210,697accumulated depreciation and impairment (2,243) (140,382) (106) (5,279) (148,010)net carrYInG amount 4,448 51,293 415 6,531 62,687(in thousands of Euro) property plant and leased leasedtotalequipment property plant andequipmentas of 1 January 2008, net of accumulateddepreciation and impairment 0 39,141 5,829 44,970increases (business combinations) 3,835 14,708 338 1,036 19,917increases (additions) 0 19,617 239 19,856impairment (7) 0 (7)decreases (744) 0 (744)depreciation charge for the year 0 (19,838) 0 (1,431) (21,269)other 0 1,015 0 (1,064) (49)as of 31 december 2008 3,835 53,893 338 4,608 62,674as of 1 January 2008 0Cost 0 124,366 12,409 136,775the increases in plant and equipment due to business combinations, euro 48 thousand, relate to theplant of the companies and lines of business acquired during the year.additions to property in 2009 of euro 831 thousand reflect the leasehold improvements contributedby altair ifm s.p.a..accumulated depreciation and impairment (85,225) (6,580) (91,806)net carrYInG amount 0 39,141 0 5,829 44,969as of 31 december 2008 0Cost 4,768 178,973 426 11,233 195,400accumulated depreciation and impairment (933) (125,080) (88) (6,625) (132,726)net carrYInG amount 3,835 53,893 338 4,608 62,674purchases of plant and equipment during 2009 amounted to euro 21,052 thousand, compared withadditions of euro 19,617 thousand in 2008. they principally included euro 16,962 thousand in theform of linens used in the laundering business and the purchase of specific plant and equipment forthat business, while the balance mainly related to assets under construction and purchases of equipmentfor the facility management business and hardware for the group’s it systems. this investmentwas principally made by manutencoop facility management, euro 2,204 thousand, companies in thealtair group, euro 1,150 thousand, and the sicura group, euro 567 thousand.160 - Consolidated finanCial statements as of 31 deCember 2009 - aCCounting poliCies and explanatory notes Consolidated finanCial statements as of 31 deCember 2009 - aCCounting poliCies and explanatory notes - 161