Catom Annual Report 2023 EN

1. Intangible fixed assets

Operating

Client

€

rights

portfolio

Goodwill

Total

BALANCE AS AT 1 JANUARY 2023

Costs of acquisition or production costs

5,299,163

17,027,117

1,795,165

24,121,445

Accumulated impairments and amortisation

-3,494,313

-6,657,172

-1,631,187 -11,782,672

Book values

1,804,850

10,369,945

163,978

12,338,773

Movements

Regular investments

4,287,525

0

0

4,287,525

Amortisation

-395,695

-848,832

-122,870

-1,367,397

Balance

3,891,830

-848,832

-122,870

2,920,128

BALANCE AS AT 31 DECEMBER 2023

Costs of acquisition or production costs

9,586,688

17,027,117

1,795,165

28,408,970

Accumulated impairments and amortisation

-3,890,008

-7,506,004

-1,754,057 -13,150,069

Book values

5,696,680

9,521,113

41,108

15,258,901

Amortisation rates

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 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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