Access America 2003 Annual Report Download - page 30

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28
Notes
to the consolidated financial statements
Intangible and tangible assets
in thousand EUR intangible assets tangible assets real estate Total
Balance value on December 31st, 2002 42 167 41 331 15 702 99 200
Exchange rate change -1 477 -1 906 0 -3 383
Balance value on January 1st, 2003 40 690 39 425 15 702 95 817
Increase 5 904 21 965 0 27 869
Change scope of consolidation -1 845 368 -2 015 -3 492
Decrease -967 -5 911 -2 372 -9 250
Depreciations -11 207 -14 169 -820 -26 196
Balance value on December 31st, 2003 32 575 41 678 10 495 84 748
Real Estate
The capitalised cost of buildings is calculated on the basis of acquisition cost and depreciation over a maximum of
50 years in accordance with the useful life of the real estate. The gross capitalised values totalled 26.785 million
Euros at the beginning of the year and 21.376 million Euros at the end of the year. Accumulated depreciation amounted
to 11.083 million Euros at the beginning of the year and 10.881 million Euros at the end of the year. No unscheduled
depreciation was recorded in 2003.
Tangible Assets
Tangible assets such as equipment, vehicles and hardware are depreciated over 3 to 10 years according to their useful
lives. The gross capitalised values totalled 102.033 million Euros at the beginning of the year and 106.596 million
Euros at the end of the year. Accumulated depreciation amounted to 60.702 million Euros at the beginning of the
year and 64.918 million Euros at the end of the year. Expenditures to restore the future economic benefits from the
assets are capitalised if they extend the useful life of the asset, otherwise they are recognised as an expense.
Valuation reserve securities
in thousand EUR 2003 2002
Fixed-income securities
For comparative information purposes the following has been provided:
Book value (in line with year 2001 valuation principles) 387 504 342 585
Market value (as per current year valuation principles) 393 270 351 016
Revaluation reserve 5 766 8 431
Shares
Book value (in line with year 2001 valuation principles) 18 387 50 803
Market value (as per current year valuation principles) 18 405 52 180
Revaluation reserve 18 1 377