Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
89
Note 1 - Intangible assets
Intangible assets at December 31, 2016 amount to Euro 218,440 thousand (Euro 88,156 thousand at
December 31, 2015) and are comprised for Euro 77,865 thousand of indefinite intangible assets –
goodwill (“Note 1.B - Intangible Assets with indefinite useful lives) and for Euro 140,575 thousand
definite intangible assets (“Note 1.D – Intangible Assets with definite useful lives”).
Euro thousands
Goodwill
Industrial Patents &
Intellectual Property
Rights
Concessions, Licenses,
Trademarks & Similar
Rights
Other Intangible Assets
Assets in Progress
Total
Change in Historical Cost
December 31, 2015
42,212
183
42,826
18,429
-
103,650
Increases in the year
35,653
7
73,675
35,483
365
145,183
Increases (Investments)
35,540
7
95
367
365
36,374
of which Change in Consolidation Scope
-
-
-
3
-
3
Reclassifications Increases
-
-
-
182
-
182
Change in consolidation scope
-
-
73,580
34,934
-
108,514
Increase Translation Differences
113
-
-
-
-
113
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
77,865
190
111,902
50,349
365
240,671
Change in Amortisation
December 31, 2015
(124)
(12,422)
(2,947)
(15,494)
Increases in the year
(12)
(4,404)
(2,656)
(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)
-
(22,232)
Net value at December 31, 2015
42,212
59
30,404
15,482
-
88,156
Net value at December 31, 2016
77,865
54
95,410
44,746
365
218,440
Change
35,653
(5)
65,006
29,264
365
130,284
Note 1.A - INTANGIBLE ASSETS
The increase in the net carrying amount of the intangible assets at December 31, 2016 amounted to
Euro 130,284 thousand and principally related to the effects of the change in the consolidation scope
related to the acquisition of the Daler-Rowney Lukas Group, the Canson Group and the companies St.
Cuthberts Holding (United Kingdom) and Pioneer Stationery Pvt Ltd (India).
For further information on the accounting effects of the business combination, reference should be
made to the
”Business Combinations” section.
“Intangible assets with indefinite useful lives” comprise entirely of goodwill for a total amount of
Euro 77,865 thousand (Euro 42,212 thousand at December 31, 2015). The increase on the previous