Access America 2004 Annual Report Download - page 30

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Notes to the consolidated financial statements
28
Notes to the consolidated financial statements
Valuation reserve securities
in thousand EUR 2004 2003
For comparative information purposes the following has been provided:
Fixed-income securities and other investments,
Book value (in line with year 2001 valuation principles) 452 391 387 504
Market value (as per current year valuation principles) 460 931 393 270
Revaluation reserve 8 540 5 766
Shares
Book value (in line with year 2001 valuation principles) 16 18 387
Market value (as per current year valuation principles) 20 18 405
Revaluation reserve 418
Intangible and tangible assets
in thousand EUR intangible assets tangible assets real estate Total
Balance value on December 31st, 2003 32 575 41 678 10 495 84 748
Exchange rate change (1 140) (221) 0 (1 361)
Balance value on January 1st, 2004 31 435 41 457 10 495 83 387
Increase 11 769 22 878 0 34 647
Change scope of consolidation 357 (772) 0 (415)
Decrease (2 086) (15 850) (3 018) (20 954)
Depreciations (9 482) (9 652) 437 (18 697)
Balance value on December 31st, 2004 31 993 38 061 7 914 77 968
Real Estate
The capitalised cost of buildings is calculated on the basis of acquisition cost and depreciation over a maximum of 50 years in
accordance with the useful life of the real estate. The gross capitalised values totalled 21.376 million euros at the beginning of
the year and 18.357 million euros at the end of the year. Accumulated depreciation amounted to 10.881 million euros at the
beginning of the year and 10.443 million euros at the end of the year. No unscheduled depreciation was recorded in 2004.
Tangible Assets
Tangible assets such as equipment, vehicles and hardware are depreciated over 3 to 10 years according to their useful lifes. The
gross capitalised values totalled 106.598 million euros at the beginning of the year and 109.041 million euros at the end of the
year. Accumulated depreciation amounted to 64.918 million euros at the beginning of the year and 69.980 million euros at the
end of the year. Expenditures to restore the future economic benefits from the assets are capitalised if they extend the
useful life of the asset, otherwise they are recognised as an expense.