8. Intangible fixed assets

  (XLS:) Download XLS

Amounts in thousands of EUR

2011

2010

 

 

 

Goodwill paid

295

400

Development costs for information systems

9,529

10,793

Management contracts

2,972

3,174

Computer software

679

279

 

 

 

 

 

 

 

13,475

14,646

 

 

 

The goodwill paid relates to:

  • Goodwill that Triodos Fonds Management paid to Triodos Investment Management in 2004 to acquire research activities;
  • Goodwill that Triodos Bank paid to Triodos Investments España in 2004, 2005 and an addition in 2009 to buy off the rights to the future profit made by the branch in Spain.

The movement in goodwill paid is as follows:

  (XLS:) Download XLS

Amounts in thousands of EUR

2011

2010

 

 

 

Purchase value as at 1 January

900

900

Cumulative amortisation as at 1 January

–500

–395

 

 

 

 

 

 

Balance sheet value as at 1 January

400

505

Purchase

Amortisation

–105

–105

 

 

 

 

 

 

Balance sheet value as at 31 December

295

400

 

 

 

The development costs for information systems

The development costs for information systems contain costs for the development of the Bank’s ICT system.

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

  (XLS:) Download XLS

Amounts in thousands of EUR

2011

2010

 

 

 

Purchase value as at 1 January

19,567

17,056

Cumulative amortisation as at 1 January

–8,774

–7,089

 

 

 

 

 

 

Balance sheet value as at 1 January

10,793

9,967

Capitalised expenses

967

2,510

Amortisation

–2,231

–1,684

Impairments

 

 

 

 

 

 

Balance sheet value as at 31 December

9,529

10,793

 

 

 

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, Triodos Bank paid a sum for this to Triodos Holding.

The movement in management contracts is as follows:

  (XLS:) Download XLS

Amounts in thousands of EUR

2011

2010

 

 

 

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–856

–655

 

 

 

 

 

 

Balance sheet value as at 1 January

3,174

3,375

Amortisation

–202

–201

 

 

 

 

 

 

Balance sheet value as at 31 December

2,972

3,174