Chrysler 2003 Annual Report Download - page 154

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153 Fiat S.p.A. Financial Statements at December 31, 2003
Notes to the Financial Statements
ANALYSIS OF THE INDIVIDUAL ITEMS
Fixed assets
1 Intangible fixed assets
Start-up and expansion costs
At December 31, 2003, they totaled 56,917 thousand euros, and include costs (bank charges and other charges) incurred in
connection with the 2002 and 2003 capital increases.
The net increase of 41,511 thousand euros since December 31, 2002 is the net result of:
(in thousands of euros)
Capitalization of costs connected with the capital increase resolved on June 26, 2003 56,729
Amortization for the fiscal year (15,218)
Net change 41,511
Concessions, licenses, trademarks and similar rights
This item, which amounted to 98 thousand euros at December 31, 2003, includes trademarks owned by the Company, which are
amortized over three years.
The net increase of 36 thousand euros compared with December 31, 2002 is the net effect of the following items:
(in thousands of euros)
Capitalization of expenses for new trademark registrations 106
Amortization for the fiscal year (70)
Net change 36
Intangible assets in progress and advances
This item reflects the costs incurred in connection with ongoing administrative procedures required to register trademarks.
With respect to December 31, 2002 it showed a net decrease of 62 thousand euros to 180 thousand euros at December 31, 2003,
as a result of new trademark registrations.
Other intangible fixed assets
They totaled 19,423 thousand euros at December 31, 2003 and are represented by the commissions and charges paid for organization
of the three-year convertible facility granted in 2002 by a pool of banks arranged by Capitalia, Banca Intesa, Sanpaolo IMI, and
Unicredit Banca. They are amortized on a pro-rated basis according to the term of the facility (September 24, 2002 – September 16,
2005).
The net decrease of 10,453 thousand euros with respect to December 31, 2002 is due to:
(in thousands of euros)
Amortization for the fiscal year (11,235)
Capitalization of costs 782
Net change (10,453)