Financial statements

NOTE 5



INTANGIBLE ASSETS

The movement under this heading in the year was as follows:

(Amounts in euros) Opening balance at 01/01/17 Additions Disposals Transfers Balance at 31/12/17
Computer software 25.872.077 186.486 -1.478.660 2.149.082 26.728.986
Industrial property 20.076 0 0 0 20.076
Intellectual property 624.000 0 0 0 624.000
Fixed assets under construction 195.375 1.962.664 0 -2.149.082 8.958
Other rights 2.070.626 0 0 0 2.070.626
Total cost 28.782.154 2.149.151 -1.478.660 0 29.452.645
Accumulated amortisation -14.769.102 -4.272.236 1.428.368 0 -17.612.970
CARRYING AMOUNT 14.013.052 -2.123.085 -50.291 0 11.839.676

At the end of the reporting period the Company had fully amortised intangible assets still in use.

The main investments in intangible assets were for new functionalities of the BSS/OSS information systems and extending Oracle database licenses.