Annual Report - EDP

notes to the EDP consolidated - Energias de Portugal, and company S.A. financial statementsNotes for to the the Consolidated years ended and Company 31 december Financial Statements 2012 and 2011for the years ended 31 December 2012 and 2011In the caption Hydric Portugal, the acquisitions include 28,497 thousands of Euros (31 December 2011: 54,266 thousands of Euros) relates to the power enhancementperformed during 2012 in the hydroelectric plant of Alqueva. In 2011, the negative movement in Perimeter variations / Regularisations of 2,528 thousands of Eurosrelates to the fact that the power enhancements predicted contractually in Pedrógão have not been performed, which implies a revision of the amount to be paid ofconcession rent and the update of the discount rate used in the calculation of the concession right to 6.533%.The movements in Intangible assets during the year ended 31 December 2011, for the Group, are analysed as follows:PerimeterBalance at Acquisitions/ Disposals / Exchange variations / Balance atThousands of Euros 1 January Increases Write-offs Transfers differences Regularisations 31 DecemberCost:Concession rights:Distribution and generation Brazil 1,254,421 251,138 - - -56,997 - 1,448,562Gas Portugal 138,354 - - - - - 138,354Hydric Portugal1,320,346 54,266 -556 - - -2,528 1,371,528Other concession rights 10,827 - - - - - 10,827CO2 licenses 212,230 377,951 -231,123 - - - 359,058Assigned to concessions (IFRIC 12):Intangible assetsIntangible assets in progressOther intangiblesOther Intangible assets in progress12,308,883 20,044 -27,104 343,722 -215,012 63,461 12,493,994257,298 420,502 -623 -476,845 -8,572 - 191,76093,411 2,391 -22 594 27 756 97,157340,098 23,416 -388 -594 -630 9,633 371,53515,935,868 1,149,708 -259,816 -133,123 -281,184 71,322 16,482,775PerimeterBalance at Disposals / Exchange variations / Balance atThousands of Euros 1 January Charge Write-offs Transfers differences Regularisations 31 DecemberAccumulated depreciation andimpairment losses:Concession rightsIntangible assets assigned toconcessions (IFRIC 12)Other intangibles597,280 86,451 - - -8,720 - 675,0118,698,820 367,436 -13,440 - -138,035 63,461 8,978,24225,629 3,406 -25 - 42 -8 29,0449,321,729 457,293 -13,465 - -146,713 63,453 9,682,297Transfers in the amount of 133,123 thousands of Euros are related with the movement of Financial Assets associated with Debtors and other assets from commercialactivities of the amount corresponding to the increase of financial assets related with IFRIC 12.In the caption Concession rights - distribution and generation Brazil, the amount of 251,138 138 thousands of Euros in Acquisitions / Increases related to the concessionrights acquired in the operation of acquisition of Hidroeléctrica de Santo Antônio do Jari.Acquisitions of CO 2 Licences as at 31 December 2011 includes 214,782 thousands of Euros of CO 2 licences granted free of charge to the EDP Group plants operating inPortugal and in Spain. The disposals / write-off of CO 2 licenses correspond to the licenses consumed during 2010 and delivered to regulatory authorities in theamount of 180,217 thousands of Euros and 50,906 thousands of Euros sold in the market.19. GOODWILLGoodwill for the Group, resulting from the difference between the acquisition value and the corresponding share of the fair value of the assets acquired, at theacquisition date, is analysed as follows:GroupThousands of Euros Dec 2012 Dec 2011HC Energia Group 1,919,526 1,916,548EDP Renováveis Group 1,301,218 1,311,133EDP Brasil Group 55,564 57,427Other 42,149 42,1493,318,457 3,327,257The movements in Goodwill during 2012, are analysed as follows:Balance at Exchange Balance atThousands of Euros 1 January Increases Decreases Impairment differences Regularisations 31 DecemberHC Energia Group 1,916,548 2,978 - - - - 1,919,526EDP Renováveis Group 1,311,133 12,465 -32 - -10,047 -12,301 1,301,218EDP Brasil Group 57,427 - - - -1,863 - 55,564Other 42,149 - - - - - 42,1493,327,257 15,443 -32 - -11,910 -12,301 3,318,457EDP - Annual Report 2012207