Catom Annual Report 2023 EN

3.5. Cost of raw materials and consumables Cost of raw materials and consumables is defined as the direct cost of the goods sold and services rendered that is attributable to the turnover. 3.6. Other operating expenses Other operating expenses is defined as the expenses recognised in the year that are not directly attributable to the cost of the goods delivered. 3.7. Depreciation of tangible and amortisation of intangible fixed assets Intangible fixed assets including goodwill are amortised, and tangible fixed assets are depreciated, on a straight-line basis over the expected useful life of the asset, starting from the date on which the asset is taken into use. Land is not depreciated.

If the estimated useful life is modified, the future amortisation or depreciation charges will be adjusted accordingly.

Positive goodwill is amortised on a straight-line basis over the estimated useful life. Negative goodwill is released in the profit and loss account insofar as expenses and losses are incurred, provided that these expenses and losses were taken into account when the acquisition was recognised, and provided that they can be measured reliably. If expected expenses and losses were not taken into account, the negative goodwill is released in proportion to the weighted average of the remaining useful life of the acquired amortisable assets. Insofar as the negative goodwill exceeds the fair value of the identifiable non-monetary assets, the excess is credited directly to the profit and loss account.

Capital gains and losses from one-off sales of tangible fixed assets are included under depreciation.

3.8. Employee benefits 3.8.1. Periodic remuneration

Wages, salaries and social charges that the company owes under the terms and condi tions of employment are charged to the profit and loss account insofar as they are due to employees. 3.8.2. Pensions The contribution payable on the reporting year, taking into account the maximum pensio nable salary and the deductible, is recognised as a charge.

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