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16 Intangible fixed assets

 
 31-dic-1131-dic-10Changes
Industrial patents and know-how30,76130,385376
Concessions, licences, trademarks and similar53,97680,777-26,800
Public services under concession1,487,3991,416,81070,589
Work in progress and advance payments for public services under concession156,164139,61416,549
Work in progress and advance payments41,89233,8298,063
Other32,32927,0835,246
Total1,802,5211,728,49874,023

Intangible fixed assets are stated net of their accumulated amortisation and are broken down below with details of the changes during the year:

 Industrial patents
and know-how
Concessions, licences,
trademarks and similar
Public services
under concession
Work in progress and advance
payments for public
services under concession
Work in progress
and advance payments
OtherTotal intangible
assets
PURCHASE COST       
As at 31.12.2009 154,927 241,495 1,698,731 168,474 31,898 68,591 2,364,116
Increases3,03930276,57058,28213,5952,616154,404
Divestments--71-7,764--290-20-8,145
Change in scope of consolidation---9,339---1-9,340
Reclassifications
and other changes
7,703-3,01091,745-87,142-11,375276-1,803
As at 31.12.2010165,669238,7161,849,943                            139,61433,82871,4622,499,232
ACCUMULATED DEPRECIATION       
As at 31.12.2009 116,313 145,786 375,727-- 38,198 676,024
Increases17,78313,92865,606--5,771103,088
Divestments--55-735---19-809
Change in scope
of consolidation
---9,339---1-9,340
Reclassifications
and other changes
1,188-1,7201,873--4301,771
As at 31.12.2010135,284157,939433,132--44,379770,734
NET VALUE       
As at 31 December 2009 38,614 95,709 1,323,004                            168,474                31,898 30,393 1,688,092
As at 31 December 2010 30,385 80,777 1,416,811                            139,614                33,828 27,083 1,728,498
        
PURCHASE COST       
As at 31.12.2010 165,669 238,716 1,849,943                            139,614                33,828 71,462 2,499,232
Increases4,59347275,92767,33721,8614,049174,239
Divestments-69-2-1,108--140-4,593-5,912
Change in scope
of consolidation
122-1898--9,95210,972

Reclassifications

and other changes

13,622-31,47481,248-50,787-13,656654-395
As at 31.12.2011183,938207,7112,006,908                            156,164                41,89281,5232,678,135
ACCUMULATED DEPRECIATION       
As at 31.12.2010 135,284 157,939 433,132-- 44,379              770,734
Increases17,88311,41971,589--5,960106,852
Divestments-51-2-758---1,813-2,624
Change in scope
of consolidation
61-1 --761822
Reclassifications
and other changes
--15,62115,546---93-169
As at 31.12.2011153,176153,735519,509 - -49,194875,614
Net value 30,761 53,976 1,487,399                            156,164                41,892 32,329 1,802,521
As at 31 December 2010 30,385 80,777 1,416,811                            139,614                33,888 27,083 1,728,498
As at 31 December 2011 30,761 53,976 1,487,399                            156,164                41,892 32,329 1,802,521

The breakdown and main changes within each category are commented on below.

"Industrial patents rights and know-how", totalling Euro 30,761 relates mainly to costs incurred for the purchase and implementation of IT systems SAP R/3 ECC6 and related applications. These costs are amortised over five years.

"Concessions, licences, trademarks and similar rights", amounting to Euro 53,976 thousand, mainly includes the value of the rights held by the Parent Company Hera Spa in relation to the gas, water and purification plants. The decrease in this item is due to the transfer from "concessions, licences, trademarks and similar rights" to "public services under concession" of assets related to the purification services in the Municipalities of Bologna and Pianoro as well as assets related to the gas service in the Municipality of Sasso Marconi, as provided under the related contracts on reaching the expiry dates of said concessions.

"Public services under concession", equal to Euro 1,487,399 thousand, made up of the assets relating to the gas, water, purification, sewerage, and public lighting businesses throughout the entire territory managed by the Hera Group, and the electricity distribution business in the Imola area only. The assets mainly relate to distribution grids and networks and plants. This item also includes costs for improvement to said assets, receivables due from the asset-owning companies, as well as reclassifications of amounts from the item "Concessions, licences, trademarks and similar rights" following the expiry of the concession (details of the municipalities and services are provided above).

"Intangible assets under construction and advance payments for public services under concession", amounting to Euro 156,164 thousand, relate to said assets detailed above which are still to be completed as at the end of the year.

"Work in progress and advance payments", equal to Euro 41,892 thousand, essentially comprise still incomplete IT projects.

The item "Other", equal to Euro 32,329 thousand, mainly relates to other sundry long-term charges, rights of use of networks and infrastructures for the passage and laying of optical fibre telecommunication networks. These also include the costs incurred for applications for AIA (Integrated Environmental Authorisation) certification of the WTE plants and landfills.

The amounts indicated in the item "Change in the scope of consolidation", amounting to a net value of Euro 10,150 thousand, relate principally to:

  • Euro 7,962 thousand relating to intangible assets that arose during the Purchase Price Allocation of Sadori Gas Srl, control of which was acquired in 2011 and merged by incorporation into Hera Comm Marche Srl on 1 July 2011;
  • Euro 898 thousand relating to the transfer to Hera Spa of the natural gas distribution service in the municipalities of Fiumalbo, Pievepelago and Riolunato, by the CIMAF Consortium.


The above operations are commented on in the section "Change in the scope of consolidation" in these notes.

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