Food Lion 2003 Annual Report Download - page 47

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45
Analysis of Intangible Fixed Assets (in thousands of EUR)
Research & Development Costs Concessions, Patents, Licences Goodwill Deposits Paid
Cost
At the end of the previous year 296 867,158 400,485 174
Movements during the current year:
• Acquisitions 106 2,967 10,754 -
• Sales and disposals (393)(328)(2,158)-
• Transfer to other accounts - (496)3,185 (171)
• Translation difference (9)(147,867)(67,200)(3)
• Change in the scope of consolidation - 5,039 954 -
At the end of the financial year - 726,473 346,020 -
Depreciation and amounts written off
At the end of the previous year (296)(73,822)(72,783)-
Movements during the current year:
• Charged to income statement (106)(35,843)(36,960)-
• Cancelled 393 36 2,193 -
• Transfer to other accounts - 15 (687)-
• Translation difference 916,254 15,510 -
• Change in the scope of consolidation - - - -
At the end of the financial year - (93,360)(92,727)-
Net book value at the end of the financial year -633,113 253,293 -
3. Intangible Fixed Assets
This account is primarily composed of intangible assets identified in
the purchase price allocation of the Delhaize America share exchange
which took place in 2001, and the acquisition of Hannaford in 2000.
4. Establishment Costs
Establishment costs represent debt issuance costs at Delhaize
America, Delhaize Group SA, Delhaize “The Lion” Nederland and
Delhaize Finance.
Analysis of Establishment Costs (in thousands of EUR)
Net book value at the end of the previous financial year 17,376
Movements during the current year:
• Newly incurred costs 1,975
• Depreciation (1,935)
• Translation difference (2,666)
Net book value at the end of the financial year 14,750
Being: debt issuance costs 14,750
5. Tangible Fixed Assets
(in millions of EUR) 2003 2002
United States 2,381.82,936.1
Belgium 505.8478.4
Southern and Central Europe 301.5304.9
Asia 12.623.9
Corporate 2.3-
Total 3,204.03,743.3
Changes in tangible fixed assets were as follows:
Acquisitions: 487.9million
Disposals: (53.9) million
Depreciation: (478.2) million
Translation difference: (499.6) million
Change in scope of consolidation: 6.2million
Transfers: (1.7) million