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8. Intangible Fixed Assets

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in thousands of EUR

2017

2016

 

 

 

 

 

 

Development costs for information systems

28,103

20,799

Management contracts

1,763

1,965

Computer software

2,977

2,395

 

 

 

 

 

 

Balance sheet value as at 31 December

32,843

25,159

 

 

 

The development costs for information systems

The development costs for information systems contain costs for the development of the Bank’s ICT systems in The Netherlands, Spain and Germany.

The movement in the development costs for the information systems item is as follows:

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in thousands of EUR

2017

2016

 

 

 

1

excluding disposal in the amount of EUR 0.5 million (2016: EUR 6.2 million).

 

 

 

Purchase value as at 1 January

35,095

30,209

Cumulative amortisation as at 1 January

–14,296

–15,978

 

 

 

 

 

 

Balance sheet value as at 1 January

20,799

14,231

Capitalised expenses

11,391

11,134

Amortisation1

–4,038

–2,838

Impairments

–1,697

Exchange rate results on foreign currencies

–49

–31

 

 

 

 

 

 

Balance sheet value as at 31 December

28,103

20,799

 

 

 

Purchase value as at 31 December

45,919

35,095

Cumulative amortisation as at 31 December

–17,816

–14,296

 

 

 

 

 

 

Balance sheet value as at 31 December

28,103

20,799

 

 

 

Management contracts

The management contracts relate to contracts for the management of funds by Triodos Investment Management. When it acquired its participating interest in Triodos Investment Management in 2006, Triodos Bank paid EUR 4 million for this to Stichting Triodos Holding. No impairment was recognised based on the remaining usefulness of the contracts.

The movement in management contracts is as follows:

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in thousands of EUR

2017

2016

 

 

 

 

 

 

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–2,065

–1,864

 

 

 

 

 

 

Balance sheet value as at 1 January

1,965

2,166

Amortisation

–202

–201

 

 

 

 

 

 

Balance sheet value as at 31 December

1,763

1,965

 

 

 

Purchase value as at 31 December

4,030

4,030

Cumulative amortisation as at 31 December

–2,267

–2,065

 

 

 

 

 

 

Balance sheet value as at 31 December

1,763

1,965

 

 

 

Computer software

Computer software relate to software that has been purchased.

The movement in computer software is as follows:

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in thousands of EUR

2017

2016

 

 

 

1

excluding disposal in the amount of EUR 1.3 million (2016: EUR 1.6 million).

 

 

 

Purchase value as at 1 January

4,284

4,329

Cumulative amortisation as at 1 January

–1,889

–2,137

 

 

 

 

 

 

Balance sheet value as at 1 January

2,395

2,192

Purchase

1,927

1,536

Amortisation1

–1,345

–1,333

 

 

 

 

 

 

Balance sheet value as at 31 December

2,977

2,395

 

 

 

Purchase value as at 31 December

4,951

4,284

Cumulative amortisation as at 31 December

–1,974

–1,889

 

 

 

 

 

 

Balance sheet value as at 31 December

2,977

2,395