2020

2019

 

 

 

Development costs for information systems

43,274

38,212

Management contracts

1,159

1,360

Computer software

1,330

1,971

 

 

 

Balance sheet value as at 31 December

45,763

41,543

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:

 

2020

2019

 

 

 

Purchase value as at 1 January

70,628

58,524

Cumulative amortisation as at 1 January

-32,416

-24,416

 

 

 

Balance sheet value as at 1 January

38,212

34,108

Internal development

14,732

12,901

Acquisitions

-

-

Amortisation

-9,577

-7,931

Impairments

-

-891

Exchange rate results on foreign currencies

-93

25

 

 

 

Balance sheet value as at 31 December

43,274

38,212

 

 

 

Purchase value as at 31 December

69,830

70,628

Cumulative amortisation as at 31 December

-26,556

-32,416

 

 

 

Balance sheet value as at 31 December

43,274

38,212

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:

 

2020

2019

 

 

 

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

-2,670

-2,468

 

 

 

Balance sheet value as at 1 January

1,360

1,562

Amortisation

-201

-202

 

 

 

Balance sheet value as at 31 December

1,159

1,360

 

 

 

Purchase value as at 31 December

4,030

4,030

Cumulative amortisation as at 31 December

-2,871

-2,670

 

 

 

Balance sheet value as at 31 December

1,159

1,360

Computer software

Computer software relate to software that has been purchased. The movement in computer software is as follows:

 

2020

2019

 

 

 

Purchase value as at 1 January

4,573

5,256

Cumulative amortisation as at 1 January

-2,602

-2,502

 

 

 

Balance sheet value as at 1 January

1,971

2,754

Internal development

-

-

Acquisitions

245

514

Amortisation

-882

-1,260

Impairment

-

-37

Exchange rate results on foreign currencies

-4

-

 

 

 

Balance sheet value as at 31 December

1,330

1,971

 

 

 

Purchase value as at 31 December

3,903

4,573

Cumulative amortisation as at 31 December

-2,573

-2,602

 

 

 

Balance sheet value as at 31 December

1,330

1,971