Tiscali 2013 Annual Report Download - page 89

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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
89
(iii) Sensitivity analysis of the impairment test results.
In consideration of the current scenario and the results of the impairment tests performed for the
period ended 31 December 2013, an analysis was made on the sensitivity of the recoverable
value estimated using the discounted cash flow method. The discount rate is considered a key
parameter in the estimate of recoverable value. An increase of 1% would lower the positive
difference between estimated recoverable value and book value. This difference would continue to
be positive.
(iv) Considerations on the presence of external impairment indicators
Considering the current market situation, certain considerations on the presence of external
impairment indicators were made especially with regard to evidence from the financial market. For
that purpose, the market capitalization of the Tiscali Group does not give rise to elements
departing from the results of the impairment tests.
Intangible assets (note 13)
Intangible asset movements for the year 2013 were as follows:
Intangible assets
Computers,
software and
development
costs
Concessions
and similar
rights
Broadband
service
activation
costs
Other
intangible
assets
Intangible
assets in
course of
acquisition
and
prepayments
Total
(EUR 000)
HISTORIC COST
1 January 2013
4,639
109,846
97,565
18,825
1,018
231,893
Increases
3,701
16,537
518
437
21,193
Other changes
(21)
(21)
Asset disposed of
Reclassifications
755
(755)
31 December 2013
4,639
114,281
114,102
19,344
700
253,065
ACCUMULATED DEPRECIATION
1 January 2013
4,637
62,083
74,681
17,643
159,044
Increases in depreciation
1
9,459
10,036
6,760
26,256
Other changes
Asset sold
Reclassifications
(27)
5,880
(5,880)
(27)
31 December 2013
4,639
71,514
90,597
18,522
185,273
NET VALUE
31 December 2012
1
47,763
22,884
1,183
1,018
72,849
31 December 2013
-
42,767
23,504
821
700
67,792
The intangible fixed assets mainly concern the operating subsidiary Tiscali Italia S.p.A. and are
analysed as follows.