Financial Information - Uralita

FINANCIAL INFORMATION ANNUAL REPORT 2006
THOUSANDS OF EUROS 31 DECEMBER 2006 31 DECEMBER 2005
ACCUMULATED
ACCUMULATED
COST AMORTIZATION COST AMORTIZATION
Development costs
Concessions, patents, licenses, trademarks, etc.
Software and other intangible assets
3,044
7,785
35,160
3,038
4,110
21,174
3,063
9,326
29,517
2,949
4,545
17,944
TOTAL
45,989 28,322 41,906 25,438
The movement in “Intangible assets” in 2006
and 2005 is the following:
All the Group’s intangible assets have a finite
useful life and are amortized using the criteria
explained in Note 4.2.
THOUSANDS OF EUROS 2006 2005
OPENING BALANCE
Change in consolidation scope
Increases
Sales
Accumulated amortization
Translation differences
Other
CLOSING BALANCE
16,468 11,785
- (174)
7,453 9,419
(639) (616)
(4,964) (4,295)
(21) (5)
(630) 354
17,667 16,468
Additions include CO 2 emission rights received
for amounts of €4,195 thousand and €2,122
thousand in 2006 and 2005, respectively.
At 31 December 2006 and 2005 there were no
internal costs included in intangible assets.
The amount of intangible assets in use and fully
amortized intangible assets at 31 December
2006 is not material.
As of 31 December 2006 and 2005, the Group
estimates that there was no impairment in its
intangible assets that led to a reduction in the
recoverable value of the assets to below their net
carrying amount.
Research and development costs recognized as
an expense in the consolidated income
statements for 2006 and 2005 amounted to €707
thousand and €1,057 thousand, respectively.
7. PROPERTY, PLANT AND EQUIPMENT
The detail of this heading in the consolidated
balance sheets at 31 December 2006 and 2005
is the following:
153