Catom Annual Report 2022 EN

1. Intangible fixed assets

Operating

Client

€

rights

portfolio

Goodwill

Total

BALANCE AS AT 1 JANUARY 2022

Costs of acquisition or production costs

5,284,373

16,997,264

1,833,372

24,115,009

Accumulated impairments and amortisation

-3,130,766

-5,778,487

-1,538,790 -10,448,043

Book values

2,153,607

11,218,777

294,582

13,666,966

Movements

Regular investments

40,000

0

0

40,000

Adjustment of investments in previous years

1

29,853

0

29,854

Effects of new consolidations / acquisitions

0

0

0

0

Disposals

-25,210

0

-38,207

-63,417

Amortisation

-388,757

-848,832

-130,604

-1,368,193

Adjustment of accumulated impairments and

-1

-29,853

0

-29,854

amortisation in previous years

Amortisation of disposals

25,210

0

38,207

63,417

Impairments

0

0

0

0

Balance

-348,757

-848,832

-130,604

-1,328,193

BALANCE AS AT 31 DECEMBER 2022

Costs of acquisition or production costs

5,299,164

17,027,117

1,795,165

24,121,446

Accumulated impairments and amortisation

-3,494,314

-6,657,172

-1,631,187 -11,782,673

Book values

1,804,850

10,369,945

163,978

12,338,773

Amortisation rates

5 - 10%

5%

5 - 10%

The competitive strength and estimated future life of the operating rights justify amor tising these assets over a period of more than 5 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.

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