Tiscali 2012 Annual Report Download - page 84

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 84
of EUR 4.8 million is attributable to software licences for EUR 3.3 million, patents for EUR 0.6 million
and rights and costs connected with the acquiring of transmission capacity (IRU) for EUR 0.9 million.
The item Broadband service activation costs, equalling EUR 22.8 million, relates to the capitalization
of the acquisition and activation costs of customers concerning the ADSL service. Capitalisation in
2012 came to around EUR 16.1 million.
As illustrated in the section “Format and content of the accounting statements”, during 2012, the
Directors analysed the expected duration of the relationship with the customers recalculating the
useful life of the acquisition and activation costs of the customers from 24 to 36 months. This change
led to a reduction in the amortisation charge on intangible fixed assets equal to around EUR 7.5
million.
Other intangible fixed assets, amounting to EUR 1.2 million include investments relating to the MVNO
project for EUR 0.6 million.
The item Intangible assets in course of acquisition and prepayments, totalling EUR 1 million, refers to
investments made as part of the fibre optic network development project.
Reclassifications, amounting to EUR 0.4 million, concern the allocation to the categories “Concessions
and similar rights” and ”Broadband service activation costs” of deferred charges and “Other intangible
fixed assets” relating to assets entering service during 2012.
Property, plant and equipment (note 14)
Changes during the financial year are shown in the following table:
Tangible assets
(EUR 000)
Property Plant and
equipment
Other
tangible
assets
Tangible
assets in
course of
construction
Total
HISTORIC COST
1 January 2012 64,260 258,698 5,040 1,773 329,771
Increases 2,559 53 1,449 4,061
Other changes (1) (1)
Reclassifications 1,327 (1,736) (409)
31 December 2012 64,260 262,584 5,093 1,486 333,423
ACCUMULATED DEPRECIATION
1 January 2012 11,863 208,175 2,802 222,840
Increases in depreciation 1,865 13,470 475 15,810
Other changes
Reclassifications
31 December 2012 13,728 221,645 3,277 238,650
NET VALUE
31 December 2011 52,397 50,523 2,238 1,773 106,932