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8. Intangible Fixed Assets

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Development costs for information systems

14,231

8,748

Management contracts

2,166

2,367

Computer software

2,192

2,249

 

 

 

 

 

 

 

18,589

13,364

 

 

 

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

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

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in thousands of EUR

2015

2014

 

 

 

*

excluding disposal in the amount of EUR 0.2 million (2014: EUR 0.0 million).

 

 

 

Purchase value as at 1 January

23,199

20,602

Cumulative amortisation as at 1 January

–14,451

–12,981

 

 

 

 

 

 

Balance sheet value as at 1 January

8,748

7,621

Capitalised expenses

7,243

2,658

Amortisation*

–1,760

–1,333

Impairments

–198

 

 

 

 

 

 

Balance sheet value as at 31 December

14,231

8,748

 

 

 

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:

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–1,663

–1,461

 

 

 

 

 

 

Balance sheet value as at 1 January

2,367

2,569

Amortisation

–201

–202

 

 

 

 

 

 

Balance sheet value as at 31 December

2,166

2,367