Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
94
The changes at December 31, 2016 of “Intangible Assets with Finite Useful Lives” are reported
below.
Euro thousands
Industrial Patents &
Intellectual Property
Rights
Concessions, Licenses,
Trademarks & Similar
Rights
Other Intangible
Assets
Assets in Progress
Total
Change in Historical Cost
December 31, 2015
183
42,826
18,429
-
61,439
Increases in the year
7
73,675
35,483
365
109,531
Increases (Investments)
7
95
367
365
834
of which Change in Consolidation Scope
-
-
3
-
3
Reclassifications Increases
-
-
182
-
182
Change in consolidation scope
-
73,580
34,934
-
108,515
Decreases in the year
-
(4,599)
(3,563)
-
(8,162)
Decreases (Divestments)
-
-
(3)
-
(3)
Decrease Translation Differences
-
(4,599)
(3,560)
-
(8,159)
December 31, 2016
190
111,902
50,349
365
162,806
Change in Amortisation
December 31, 2015
(124)
(12,422)
(2,947)
(15,494)
Increases in the year
(12)
(4,404)
(2,655)
(7,072)
Amortisation in Year
(12)
(3,495)
(2,241)
(5,748)
of which Change in Consolidation Scope
-
(1,432)
(921)
(2,353)
Change in consolidation scope
-
(909)
(406)
(1,315)
Increase Translation Differences
-
-
(9)
(9)
Decreases in the year
-
334
-
334
Decrease Translation Differences
-
334
-
334
December 31, 2016
(136)
(16,492)
(5,603)
-
(22,231)
Net Carrying Amount at December 31, 2015
59
30,404
15,482
-
45,944
Net Carrying Amount at December 31, 2016
54
95,410
44,746
365
140,575
Change
(5)
65,006
29,264
365
94,631
Note 1.D - INTANGIBLE ASSETS WITH FINITE USEFUL LIVES
“Industrial Patents and Intellectual Property Rights” amount to Euro 54 thousand at December 31,
2016 (Euro 59 thousand at December 31, 2015).
The average residual useful life of the “Industrial Patents and Intellectual Property Rights”, recorded
in the financial statements at December 31, 2016, is 6 years.
“Concessions, Licences, Trademarks and Similar Rights” amount to Euro 95,410 thousand at
December 31, 2016 (Euro 30,404 thousand at December 31, 2015).
The increase on the previous year was Euro 65,006 thousand and principally relates to the change in
the consolidation scope, with a contribution at the acquisition date of Euro 72,671 thousand. A
significant portion of the “Business Combination” increase relates to the “Purchase Price Allocation”
valuation of brands held by the English Group Daler Rowney-Lukas (Euro 40,223 thousand) and by
the Canson Group (Euro 32,400 thousand).
Amortisation in the year amounted to Euro 3,495 thousand, of which Euro 1,432 thousand the amount
matured by the companies acquired between the acquisition date and December 31, 2016.