consolidated annual report - Gruppo Banca Sella

4.1 Changes during the year in tangible fixed assets
240 - GRUPPO BANCA SELLA
SECTION 4
TANGIBLE AND INTANGIBLE FIXED ASSETS
Property Furniture Property waiting Total
and equipment to be leased
A. Opening balance 101.402 20.901 48.287 170.590
B. Increases 2.385 15.487 33.086 50.958
B.1 Purchases 2.000 12.325 33.086 47.411
B.2 Write-ups - - - -
B.3 Revaluations - - - -
B.4 Other changes 385 3.162 - 3.547
C. Decreases 2.987 14.717 21.458 39.162
C.1 Sales 86 185 - 271
C.2 Write-downs 2.538 13.984 - 16.522
a) Amortizations 2.538 13.984 - 16.522
b) Permanent write-downs - - - -
C.3 Other changes 363 548 21.458 22.369
D. Closing balance 100.800 21.671 59.915 182.386
E. Total revaluations 21.662 96 - 21.758
F. Total write-downs 19.058 146.858 - 165.916
a) Amortizations 19.058 146.718 - 165.776
b) Permanent write-downs - 140 - 140
4.2 Changes during the year in intangible fixed assets
Software Expenses for Goodwill Other Total
rented fixed assets
A. Opening balance 17.130 634 7.859 12.365 37.988
B. Increases 7.484 52 - 4.321 11.857
B.1 Purchases 7.324 48 - 4.317 11.689
B.2 Write-ups - - - - -
B.3 Revaluations - - - - -
B.4 Other changes 160 4 - 4 168
C. Decreases 9.836 480 1.232 5.322 16.870
C.1 Sales - - - - -
C.2 Write-downs 9.743 480 1.232 4.985 16.440
a) Amortizations 9.743 480 1.232 4.985 16.440
b) Permanent write-downs - - - - -
C.3 Other changes 93 - - 337 430
D. Closing balance 14.778 206 6.627 11.364 32.975
E. Total revaluations - - - - -
F. Total write-downs 70.293 9.583 5.458 19.178 104.512
a) Amortizations 70.293 9.583 5.458 19.178 104.512
b) Permanent write-downs - - - - -
In the years 2001 to 2004, some Banks of the Group and the relevant trade unions stipulated agreement for the use of the Solidarity Fund for the support of income, employment and
reconversion and professional requalification of employees belonging to credit institutions. As by the instructions issued by Banca d’Italia (memorandum No.735 of 20/02/2003) the
relevant items in the financial statements were recorded as follows:
- Banca Sella: amortization quota relevant to 2004 amounting to € 369.846 at item 90 of the Income Statement (“Write-downs to tangible and intangible fixed assets”), reducing the
amount at item 90 of Balance Sheet assets (“Intangible fixed assets”) to € 739.692;
- Banca Arditi Galati: amortization quota relevant to 2004 amounting to € 663.767 at item 90 of the Income Statement (“Write-downs to tangible and intangible fixed assets”),
reducing the amount at item 90 of Balance Sheet assets (“Intangible fixed assets”) to € 1.735.000;
- Banca Bovio Calderari: amortization quota relevant to 2004 amounting to € 59.656 at item 90 of the Income Statement (“Write-downs to tangible and intangible fixed assets”),
reducing the amount at item 90 of Balance Sheet assets (“Intangible fixed assets”) to € 178.968.