ANNUAL REPORT 2016
In the years ending on December 31st 2016 and 2015, the movement in the value of intangi-
ble assets, amortization and accumulated impairment losses were as follows:
Goodwill
Industrial
property (1)
Other
intangible
Assets
Intangible
Assets in
progress
Total
1 January 2015
Cost
42,456,266 21,231,044 5,969,250 2,487,970 72,144,530
Accumulated amortization
-
8,322,510 5,290,418
- 13,612,928
Accumulated impairment
1,861,678 2,511,522
70,110
-
4,443,310
Net amount
40,594,588 10,397,012 608,722 2,487,970 54,088,293
December 31st 2015
Initial net amount
40,594,588 10,397,012
608,722 2,487,970 54,088,293
Changes in consolidat. perimeter
-
-
-
-
-
Currency conversion
-
-77,506
-
-37,454 -114,960
Additions
-
2,242,182
109,736
442,757 2,794,675
Decreases
-
7,075
71,086
-
78,161
Transfers
-85,579
66,401
- -2,134,239 -2,153,417
Amortization in the year
-
1,141,796
302,608
-
1,444,404
Amortiz. by changes in the perimeter
-
-
-
-
-
Impairment in the year
-
1,151,148
-
-
1,151,148
Impairment reversion
-
-
-
-
-
Final net amount
40,509,009 10,328,070 344,764 759,034 51,940,880
December 31st 2015
Cost
42,370,687 23,375,701 5,918,825
759,034 72,424,247
Accumulated amortization
-
9,386,529 5,534,246
- 14,920,775
Accumulated impairment
1,861,678 3,661,102
39,815
-
5,562,594
Net amount
40,509,009 10,328,070 344,764 759,034 51,940,880
(1) 2015 additions refers mainly to the extension of the term of the franchisee agreement concluded with Burger King.
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