Catom Annual Report 2019 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 2019

46,024,687

Acquisition of participating interests

-141,415

Distributed dividend of participating interests

-17,584,000

Result of participating interests

11,416,730

Reclassification of negative shareholders’ equity of participating interests to provisions

52,963

Balance as at 31 December 2019

39,768,965

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

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