Tiscali 2003 Annual Report Download - page 107

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109109
r) Recording of foreign currency amounts
Receivables and payables in foreign currencies are adjusted to the exchange rates in force at the end of the period, taking into
account any hedging agreements that may exist. Any exchange rate gains or losses are booked to the profit and loss account.
Analysis of Balance sheet items
ASSETS
EUR/000
B) Non-current assets
I – Intangible assets
The following is a summary of changes that occurred in the accounts during the year:
The “start-up and expansion costs” line includes:
31.12.2003 31.12.2002
COST (AMORTISATION) NET BOOK VALUE COST AMORTISATION NET BOOK VALUE
start-up and expansion costs 19,990 (17,784) 2,206 19,990 (14,219) 5,770
R&D and advertising costs 3,516 (1,758) 1,758 26 (26) -
industrial patent and
intellectual property rights 36,021 (13,229) 22,792 26,328 (6,029) 20,299
concessions, licences, trademarks
and similar rights 49,260 (13,408) 35,852 45,765 (7,410) 38,355
goodwill 400 (320) 80 400 (240) 160
payments on account and assets
in course of acquisition 321 - 321 5,712 - 5,712
other 12,119 (5,979) 6,140 11,541 (4,679) 6,862
121,627 (52,478) 69,149 109,762 (32,603) 77,158
BALANCE WRITE-UPS OTHER BALANCE
31.12.2002 INCREASES (WRITE-DOWNS) CHANGES AMORTISATION 31.12.2003
start-up and expansion costs 5,770 - - - (3,564) 2,206
R&D and advertising costs - 3,516 - - (1,758) 1,758
industrial patent and
intellectual property rights 20,299 3,981 - 5,712 (7,200) 22,792
concessions, licences, trademarks
and similar rights 38,355 3,494 - - (5,997) 35,852
goodwill 160 - - - (80) 80
payments on account and assets
in course of acquisition 5,712 321 (5,712) - 321
other 6,862 2,981 - (1,382) (2,321) 6,140
77,158 14,293 - (1,382) (20,920) 69,149
31.12.2003 31.12.2002 CHANGE
start-up and expansion costs
capital increase expenses 1,765 3,473 (1,708)
start-up costs 349 2,066 (1,717)
other 92 231 (139)
2,206 5,770 (3,564)