Catom Annual Report 2020 EN

The operating rights and the client portfolio represent a large base of regular clients that are profitable for the Group. This is justification for the company to amortise these assets over a period of 20 years. An assessment of useful life is made per element, with a maximum of 20 years applying. The investment in the client portfolio relates to a considerable number of clients, which is profitable for the group.

22. Financial fixed assets Movements in financial fixed assets can be specified as follows:

€

Participating interests in group companies

Balance as at 1 January 2020

39,768,965

Acquisition of participating interests

1,024,250

Distributed dividend of participating interests

0

Result of participating interests

6,132,168

Reclassification of negative shareholders’ equity of participating interests to provisions

-347,887

Balance as at 31 December

46,577,496

23. Receivables from group companies All these receivables are due within one year. No interest is charged on receivables from group companies.

86