8. Intangible assets
(in thousands of euros) | Goodwill | Contract- | ICT development | Software licences | Software under development | Total |
---|---|---|---|---|---|---|
Carrying amount as at 1 January 2017 | - | 39,084 | 19,798 | 13,355 | 8,037 | 80,274 |
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Movements in 2017 |
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Additions | - | - | - | - | 29,577 | 29,577 |
Completions | - | - | 6,325 | 6,904 | -13,229 | - |
Amortisation | - | -1,357 | -8,349 | -6,995 | - | -16,701 |
Reclassification | - | - | -159 | -144 | - | -303 |
Exchange differences | - | -4,756 | - | - | - | -4,756 |
Total movements in the year | - | -6,113 | -2,183 | -235 | 16,348 | 7,817 |
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Analysis as at 31 December 2017 |
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Cost | 849 | 36,854 | 65,947 | 50,613 | 24,385 | 178,648 |
Accumulated amortisation and impairment | -849 | -3,883 | -48,332 | -37,493 | - | -90,557 |
Carrying amount as at 31 December 2017 | - | 32,971 | 17,615 | 13,120 | 24,385 | 88,091 |
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Movements in 2018 |
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Additions | - | - | - | - | 30,000 | 30,000 |
Completions | - | - | 12,439 | 11,451 | -23,890 | - |
Amortisation | - | -1,287 | -8,717 | -7,629 | - | -17,633 |
Reclassification | - | - | -51 | -4 | - | -55 |
Disposals | - | - | -201 | -333 | - | -534 |
Exchange differences | - | 1,507 | - | - | - | 1,507 |
Total movements in the year | - | 219 | 3,470 | 3,485 | 6,110 | 13,285 |
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Analysis as at 31 december 2018 |
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Cost | 849 | 38,361 | 55,207 | 45,097 | 30,495 | 170,009 |
Accumulated amortisation and impairment | -849 | -5,170 | -34,122 | -28,492 | - | -68,633 |
Carrying amount as at 31 December 2018 | - | 33,191 | 21,085 | 16,605 | 30,495 | 101,376 |
Contract-related assets concern the interest in JFKIAT Member LLC acquired upon the acquisition of activities from third parties. The activities concern the service concession arrangement between the Port Authority of New York and New Jersey (hereafter 'Port Authority') and JFKIAT LLC (a subsidiary of JFKIAT Member LLC). Under the arrangement, JFKIAT LLC provides airport terminal and retail management services in terminal 4 at JFK International Airport. It is established that, through the contractual provisions in the arrangement, the Port Authority has control over these activities. As a consequence, the interest in JFKIAT LLC is not consolidated, but reported as a contract-related asset.
The asset is amortised on a straight-line basis over the remaining term of the arrangement, being 24.5 years. Income realised under the arrangement is for the most part fixed and reported under 'revenue from other activities'. Schiphol Group has no obligations to make additional contributions.
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