8. Intangible assets


(in thousands of euros)

Goodwill

Contract-
related
assets

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

Movements in 2017

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

Analysis as at 31 December 2017

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

Movements in 2018

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

Analysis as at 31 december 2018

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.

Next:

9. Assets used for operating activities