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8. Intangible Fixed Assets

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in thousands of EUR

2016

2015

 

 

 

 

 

 

Development costs for information systems

20,799

14,231

Management contracts

1,965

2,166

Computer software

2,395

2,192

 

 

 

 

 

 

 

25,159

18,589

 

 

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. Parts of the investments in this banking system have been impaired as a result of the decision to replace some functionalities in 2017.

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

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in thousands of EUR

2016

2015

 

 

 

1

excluding disposal in the amount of EUR 6.2 million (2015: EUR 0.2 million).

 

 

 

Purchase value as at 1 January

30,209

23,199

Cumulative amortisation as at 1 January

–15,978

–14,451

 

 

 

 

 

 

Balance sheet value as at 1 January

14,231

8,748

Capitalised expenses

11,134

7,243

Amortisation1

–2,838

–1,760

Impairments

–1,697

Exchange rate results on foreign currencies

–31

 

 

 

 

 

 

Balance sheet value as at 31 December

20,799

14,231

 

 

 

Purchase value as at 31 December

35,095

30,209

Cumulative amortisation as at 31 December

–14,296

–15,978

 

 

 

 

 

 

Balance sheet value as at 31 December

20,799

14,231

 

 

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.

The movement in management contracts is as follows:

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in thousands of EUR

2016

2015

 

 

 

 

 

 

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–1,864

–1,663

 

 

 

 

 

 

Balance sheet value as at 1 January

2,166

2,367

Amortisation

–201

–201

 

 

 

 

 

 

Balance sheet value as at 31 December

1,965

2,166

 

 

 

Purchase value as at 31 December

4,030

4,030

Cumulative amortisation as at 31 December

–2,065

–1,864

 

 

 

 

 

 

Balance sheet value as at 31 December

1,965

2,166

 

 

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

2016

2015

 

 

 

 

 

 

Purchase value as at 1 January

4,329

4,196

Cumulative amortisation as at 1 January

–2,137

–1,947

 

 

 

 

 

 

Balance sheet value as at 1 January

2,192

2,249

Purchase

1,536

1,355

Amortisation

–1,333

–1,412

 

 

 

 

 

 

Balance sheet value as at 31 December

2,395

2,192

 

 

 

Purchase value as at 31 December

4,284

4,329

Cumulative amortisation as at 31 December

–1,889

–2,137

 

 

 

 

 

 

Balance sheet value as at 31 December

2,395

2,192