LensCrafters 2015 Annual Report Download - page 207

Notes to the separate financial statements as of December 31, 2015 Page 27 of 77
• Cyberplan, for Euro 265,700, amortized over 3 years.
"Transfers from other categories" relate to "Assets under development" reported at the end of the previous year and
mainly refer to software projects that were not yet useable at that date.
Among the transfers to other categories, Euro 1,002,667 refers to a reclassification to Property, plant and equipment, of
which Euro 915,413 has been reclassified as hardware.
Historical cost at the start of the year is analyzed as follows:
Description Historical
cost
Acc.
amortization
Net carrying
amount
Industrial software 152,196,499 (76,567,346) 75,629,153
Trademarks 527,338,026 (344,053,013) 183,285,013
Assets under development 10,107,391 - 10,107,391
Other 20,274,560 (3,334,891) 16,939,669
Total 709,916,476 (423,955,250) 285,961,226
Software is amortized over a period of between three and seven years, while trademarks are amortized on a straight-line
basis over their remaining useful lives. In particular, the OPSM trademarks are being amortized over 22 years, while
other house brands are being amortized over 20 years.
Assets under development mostly refer to software whose implementation will be completed in 2016 and thereafter.
Lastly, it is reported that no borrowing costs have been capitalized (since none were incurred) and there are no
intangible assets with indefinite useful lives.
12. INVESTMENTS
Balance at 12/31/2015 Balance at 12/31/2014
3,525,878,694 3,499,216,848
The following disclosures about the investments held are provided in accordance with Section 2427 point 5) of the
Italian Civil Code: