Catom Annual Report 2020 EN

1. Intangible fixed assets

Development

Operation

Client

€

costs

rights

portfolio

Goodwill

Total

BALANCE AS AT 1 JANUARY 2020

Costs of acquisition or production costs

441,102

6,805,373

9,997,762

1,833,372

19,077,609

Accumulated reductions in value

-427,457

-3,794,636

-4,642,376

-1,277,583 -10,142,052

and depreciation

Book values

13,645

3,010,737

5,355,386

555,789

8,935,557

Movements

Investments

0

-21,000

1,401,151

0

1,380,151

Depreciation

-13,645

-440,372

-543,870

-130,604

-1,138,491

Reduction in value

0

0

0

1

1

Balance

-13,645

-471,372

857,281

-130,603

241,661

BALANCE AS AT 31 DECEMBER 2020

Costs of acquisition or production costs

441,102

6,784,373

11,398,913

1,833,372

20,457,760

Accumulated reductions in value

-441,102

-4,245,008

-5,186,246

-1,408,186 -11,280,542

and depreciation

Book values

0

2,539,365

6,212,667

425,186

9,177,218

Depreciation rates

10%

5 - 10%

5%

5 - 10%

The competitive strength and estimated future life of the operating rights justify amortising these assets over a period of more than five years. An assessment of useful life is made per element, which will not exceed 20 years. This also applies to goodwill, which mainly relates to the acquisition of OK West and OK Noordoost. The principal goodwill components have a useful life of 20 years. The client portfolio represents a large base of regular clients that are profitable for the Group. This is sufficient justification for the company to amortise these assets over a period of 20 years. The negative investment in 2020 relates to the correction of the purchase made in 2019 of the operating rights for a petrol stations. The investments in 2020 relate to the acquisition of activities of oil traders and are amortised in 20 years. The client portfolio relates to a considerable number of clients, which is profitable for the group.

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