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Notes to the consolidated balance sheet as at 31 December 2004in millions of euro unless stated otherwise; the comparative figures for 2003 are shown in brackets in the text
Fixed assets
Before 1 January 1999, goodwill was deducted from shareholders’ equity. Since then, goodwill has been capitalised and amortised over its economic life. No retroactive adjustment has been accounted for regarding goodwill prior to 1999. The goodwill mainly relates to the acquisition of Select in 1999.
 Intangible fixed assets
|
Goodwill |
| |
|
| Position as at 01-01-2004 |
|
 |
|
| Historical cost |
1,923 |
|
|
| Accumulated amortisation |
- 1,104 |
|
|
| Book value |
819 |
|
|
| Movements in book value: |
|
|
|
| Investments |
20 |
|
|
| Disposals (net) |
- 15 |
|
|
| Amortisation |
- 276 |
|
|
| Total net movements |
- 271 |
|
|
| Position as at 31-12-2004 |
|
|
|
| Historical cost |
1,898 |
|
|
| Accumulated amortisation |
- 1,350 |
|
|
| Book value |
548 |
|
|
|
|
|
|
 Tangible fixed assets
|
Total |
Buildings & land |
Fixtures, fittings
& furniture |
Hardware &
software |
Other fixed assets |
| |
|
|
|
|
|
| Position as at 01-01-2004 |
|
|
|
|
|
|
|
|
|
|
|
| Historical cost |
305 |
25 |
122 |
149 |
9 |
|
|
|
|
|
|
| Accumulated depreciation |
- 189 |
- 12 |
- 77 |
- 98 |
- 2 |
|
|
|
|
|
|
| Book value |
116 |
13 |
45 |
51 |
7 |
|
|
|
|
|
|
| Movements in book value: |
|
|
|
|
|
|
|
|
|
|
|
| Investments |
32 |
3 |
8 |
20 |
1 |
|
|
|
|
|
|
| Disposals (net) |
- 3 |
- 3 |
- |
- |
- |
|
|
|
|
|
|
| Net investments |
29 |
- |
8 |
20 |
1 |
|
|
|
|
|
|
| Depreciation |
- 44 |
- 2 |
- 16 |
- 25 |
- 1 |
|
|
|
|
|
|
| Discontinued consolidation |
- 2 |
- 2 |
- |
- |
- |
|
|
|
|
|
|
| Exchange differences |
- 1 |
- |
- 1 |
- |
- |
|
|
|
|
|
|
| Total net movements |
- 18 |
- 4 |
- 9 |
- 5 |
- |
|
|
|
|
|
|
| Position as at 31-12-2004 |
|
|
|
|
|
|
|
|
|
|
|
| Historical cost |
313 |
22 |
119 |
162 |
10 |
|
|
|
|
|
|
| Accumulated depreciation |
- 215 |
- 13 |
- 83 |
- 116 |
- 3 |
|
|
|
|
|
|
| Book value |
98 |
9 |
36 |
46 |
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 Financial fixed assets
|
Total |
Associates |
Other receivables |
| |
|
|
|
| |
|
|
|
| Position as at 01-01-2004 |
45 |
12 |
33 |
|
|
|
|
| Results |
- 2 |
1 |
- 3 |
|
|
|
|
| Dividends |
- 1 |
- 1 |
- |
|
|
|
|
| Discontinued consolidation |
- 1 |
- |
- 1 |
|
|
|
|
| Net additions/withdrawals |
3 |
- 3 |
6 |
|
|
|
|
| Position as at 31-12-2004 |
44 |
9 |
35 |
|
|
|
|
|
|
|
|
|
|
|
|
Other receivables consist almost entirely of compulsory interest-free loans to French government departments (with a maturity of 15-20 years) to finance social housing projects. The amounts of the loans are dependent on the wage levels of the previous year.
Also included under Other receivables are the interest-free loans outstanding to one member of the Board of Management amounting to €1 million (2003: €3 million, relating to two members of the Board of Management) following the share issuance agreements as described here. |
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