Financial statements

NOTE 5



INTANGIBLE ASSETS

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

(Amounts in euros) Opening balance at 01/01/2020 Additions Disposals Transfers Balance at 31/12/2020
IT Applications 29.623.600 335.168 -1.053.602 1.053.602 30.199.013
Industrial property 15.534 1.679 13.379
Intellectual property 624.000 624.000
Fixed assets under construction 21.190 1.425.588 0 -1.293.847 152.931
Other rights 2.070.626 2.070.626
Advances for adquisition of assets 9.500 -9.500 0 0
Total cost 32.363.975 1.760.756 -1.064.781 0 33.059.950
Accumulated amortisation -24.542.425 -3.230.451 1.055.281 0 -27.717.595
CARRYING AMOUNT 7.821.550 -1.469.695 -9,500 0 6.342.355

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.