Chrysler 2004 Annual Report Download - page 177

175
Financial Statements at December 31, 2004 – Notes to the Financial Statements
ANALYSIS OF THE INDIVIDUAL ITEMS
Fixed assets
1 Intangible fixed assets
Start-up and expansion costs
At December 31, 2004, they totaled 41,727 thousand euros, and include costs (bank charges and other charges) incurred
in connection with the 2002 and 2003 capital increases.
The decrease of 15,190 thousand euros since December 31, 2003 is the result of amortization during the fiscal year.
Concessions, licenses, trademarks and similar rights
This item, which amounted to 55 thousand euros at December 31, 2004, includes trademarks owned by the Company, which
are amortized over three years.
The net decrease of 43 thousand euros compared with December 31, 2003 is the net effect of the following items:
(in thousands of euros)
Amortization (71)
Capitalization of expenses for new trademark registrations 31
Deletions (3)
Net change (43)
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, 2003 it showed a net increase of 5 thousand euros to 185 thousand euros at December 31, 2004.
Other intangible fixed assets
They totaled 8,188 thousand euros at December 31, 2004 and represented 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 decrease of 11,235 thousand euros with respect to December 31, 2003 is due to the amortization for the fiscal year.
2 Property, plant and equipment
At December 31, 2004, property, plant and equipment totaled 43,485 thousand euros (45,238 thousand euros at December 31, 2003).
These amounts are net of accumulated depreciation of 20,362 thousand euros at December 31, 2004 and 17,910 thousand euros at
December 31, 2003.
The net decrease of 1,753 thousand euros is the effect of the following items:
(in thousands of euros)
Additions
New vehicles (2,600); purchase of furniture and equipment (73) 2,673
Disposals
Sales of vehicles (1,198), elimination of obsolete furniture and equipment (7) (1,205)
Depreciation (3,221)
Net change (1,753)