Financial statements

NOTE 5



INTANGIBLE ASSETS

The movement under this heading in the year was as follows:

(Amounts in euros) Opening balance at 01/01/19 Additions Disposals Transfers Balance at 31/12/19
IT Applications 27.878.349 1.920.748 -630.901 455.404 29.623.600
Industrial property 15.534 475 15.058
Intellectual property 624.000 624.000
Fixed assets under construction 282.502 194.092 -455.404 21.190
Other rights 2.070.626 2.070.626
Advances for adquisition of assets 69.000 9.500 -69.000 0 9.500
Total cost 30.940.011 2.124.340 -700.377 0 32.363.975
Accumulated amortisation -20.783.238 -4.363.386 604.199 0 -24.542.425
CARRYING AMOUNT 10.156.774 -2.239.046 -96.177 0 7.821.550

At the end of the reporting period the Company had fully amortised intangible assets still in use.

The main investments in intangible assets were for new functionalities of the BSS/OSS information systems, a project to renew the service user interface of the IPTV platform, extending Oracle database licenses and Weblogic licences.

Derecognitions in 2019 correspond mainly to IT applications related to the geographic information system and the supplier portal, as well as other BSS/OSS tools that were not in use at the end of the reporting period.