Financial statements

NOTE 5



INTANGIBLE ASSETS

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

(Amounts in euros) Opening balance at 01/01/18 Additions Disposals Transfers Balance at 31/12/18
IT Applications 26.728.986 2.309.279 -1.261.829 101.914 27.878.349
Industrial property 20.076 0 0 0 20.076
Intellectual property 624.000 0 0 0 624.000
Fixed assets under construction 8.958 375.458 0 -101.914 282.502
Other rights 2.070.626 0 0 0 2.070.626
Advances for adquisition of assets 69.000 69.000
Total cost 29.452.645 2.753.737 -1.266.371 0 30.940.011
Accumulated amortisation -17.612.970 -4.236.056 1.065.788 0 -20.783.238
CARRYING AMOUNT 11.839.676 -1.482.319 -200.583 0 10.156.774

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 a project to transform the workplace using the VMWare solution.

Derecognitions in 2018 correspond mainly to IT applications related to the geographic information system, the SDH.ECI transport network and other BSS/OSS tools that were not in use at the end of the reporting period.