Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
95
The other historic trademarks subject to amortisation refer principally to “ Lapimex” held by F.I.L.A.-
Dixon, S.A. de C.V. (Mexico) and the brands “ Lyra” held by Lyra KG (Germany) and “DOMS” held
by Writefine Products Private Limited (India).
The average useful life of the “Concessions, Licenses, Brands and Similar Rights”, recorded in the
financial statements of December 31, 2016, is 30 years.
“Other Intangible Assets” amount to Euro 44,746 thousand at December 31, 2016 (Euro 15,482
thousand at December 31, 2015). The increase on the previous year is Euro 29,264 thousand and is
principally due to the change in the consolidation scope with a net carrying amount contributed at the
acquisition date of Euro 34,529 thousand; this amount principally concerns “Development
Technology” of the companies of the Daler Rowney-Lukas Group, of the Canson Group and of St.
Cuthberts Holding (United Kingdom), identified as a strategic asset through “Purchase Price
Allocation”.
Amortisation in the period was Euro 2,241 thousand, of which Euro 921 thousand concerning the
acquired companies.
The average useful life of “Other Intangible Assets”, recorded in the financial assets at December 31,
2016, is 13 years.
Assets in progress totalled Euro 365 thousand, entirely concerning F.I.L.A. S.p.A. and investments for
the installation of the new ERP system.
In 2016, the F.I.L.A. Group did not generate any intangible assets internally. There are no intangible
assets subject to restrictions.
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
96
Note 2 - Property, plant and equipment
At December 31, 2016, “Property, Plant and Equipment” amounted to Euro 81,321 thousand (Euro
47,901 thousand at December 31, 2015).
The movements in the year are shown below:
Euro thousands
Land
Buildings Plant and Machinery
Industrial &
Commercial
Equipment
Other Assets
Assets in Progress
Total
Change in Historical Cost
December 31, 2015
8,165
30,119
51,951
9,828
7,332
1,336
108,731
Increases in the year
5,826
24,132
48,545
9,326
4,421
1,723
93,973
Increases (Investments)
-
646
5,712
710
1,081
3,610
11,759
of which Change in Consolidation Scope
-
24
1,186
200
343
585
2,338
Capitalisation from Assets in Progress
-
168
2,377
26
68
(2,639)
0
Change in consolidation scope
5,826
23,318
40,456
8,590
3,160
752
82,102
Increase Translation Differences
-
-
-
-
112
-
112
Decreases in the year
(525)
(855)
(2,855)
(207)
(228)
(218)
(4,888)
Decreases (Divestments)
-
-
(643)
(75)
(221)
-
(939)
Reclassifications Decreases
-
-
-
-
-
(182)
(182)
Write-downs
-
-
(2)
-
(7)
-
(9)
Decrease Translation Differences
(525)
(855)
(2,210)
(132)
-
(36)
(3,758)
December 31, 2016
13,466
53,396
97,641
18,947
11,525
2,841
197,816
Change in Depreciation
December 31, 2015
(15,045)
(31,034)
(8,909)
(5,842)
(60,830)
Increases in the year
(13,710)
(33,110)
(8,270)
(3,230)
(58,320)
Depreciation in Year
(1,290)
(5,544)
(1,310)
(1,018)
(9,162)
of which Change in Consolidation Scope
(292)
(1,455)
(647)
(281)
(2,675)
Change in consolidation scope
(12,420)
(27,566)
(6,960)
(2,099)
(49,045)
Increase Translation Differences
-
-
-
(113)
(113)
Decreases in the year
213
2,077
164
201
2,655
Decreases (Divestments)
-
599
44
201
844
Decrease Translation Differences
213
1,478
120
-
1,811
December 31, 2016
-
(28,542)
(62,067)
(17,015)
(8,870)
-
(116,495)
Net Carrying Amount at December 31, 2015
8,165
15,074
20,917
919
1,490
1,336
47,901
Net Carrying Amount at December 31, 2016
13,466
24,854
35,574
1,932
2,654
2,841
81,321
Change
5,301
9,780
14,657
1,013
1,164
1,505
33,420
Note 2.A - PROPERTY, PLANT AND EQUIPMENT
“Land” at December 31, 2016 amounts to Euro 13,466 thousand (Euro 8,165 thousand at December
31, 2015) and includes the land relating to the buildings and production facilities owned by the
company F.I.L.A. S.p.A. (Rufina Scopeti – Italy), by the subsidiary Lyra KG (Germany) and by
Writefine Products Private Limited (India). The acquisitions in 2016 resulted in a total contribution of
Euro 5,826 thousand and concerned the land owned by Daler Rowney Ltd (United Kingdom) and
Canson SAS (France).
“Buildings” at December 31, 2016 amount to Euro 24,854 thousand (Euro 15,074 thousand at
December 31, 2015) and principally concern the buildings of the Group production facilities
(particularly those in Italy, Mexico, Germany, France, India and the United Kingdom). The increase
on December 31, 2015 was Euro 9,780 thousand and principally concerns the accounting effects of
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