APC 2006 Annual Report Download - page 114
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Consolidated financial statements at December 31, 2006
In relation to the yearโs acquisitions and following the
final valuation of BEI Technologies Inc, the Group rec-
ognized the BEI trademark and other intangible
assets, consisting primarily of patents and customer
lists (notes 4 and 5.2).
In 2006, costs totaling ๎52.3 million were capitalized in
connection with an ongoing project to develop a
Groupwide SAP core model. These on-going develop-
ment costs, which were classified under software in
2004 and 2005, were reclassified under other intangi-
ble assets in 2006.
5.2 - Trademarks
Main trademarks recognized as of December 31, 2006
include:
Trademarks are not amortized as they are considered
to be assets with indefinite lives. Impairment tests did
not reveal any impairment of trademarks as of Decem-
ber 31, 2006.
Note 6 - Property, plant and equipment
6.1 - Change in property, plant and equipment
Land Buildings Machinery Other Total
and equipment
Gross value
Dec. 31, 2004 87.2 875.8 2,544.4 581.3 4,088.7
Dec. 31, 2005 107.7 957.5 2,805.6 590.8 4,461.2
Acquisitions 5.8 35.1 165.2 146.6 352.7
Disposals (3.9) (64.5) (133.2) (72.2) (273.8)
Translation adjustment (5.3) (24.9) (77.0) (21.9) (129.1)
Reclassification (3.9) 68.9 12.6 (77.2) 0.4
Changes in scope
of consolidation and other 5.5 70.4 141.0 32.3 249.2
Dec. 31, 2006 105.9 1,042.5 2,914.2 598.4 4,660.6
Accumulated depreciation and impairment
Dec. 31, 2004 (13.6) (452.3) (1,818.4) (347.6) (2,631.9)
Dec. 31, 2005 (16.0) (476.0) (2,032.3) (336.4) (2,860.6)
Depreciation and impairment (0.7) (37.0) (234.3) (34.3) (306.3)
Recapture 1.3 30.0 130.7 36.4 198.4
Translation adjustment 0.9 8.8 51.6 13.3 74.6
Reclassification 0.1 (3.2) (1.1) (0.2) (4.4)
Changes in scope
of consolidation and other (0.2) (28.9) (100.7) (17.4) (147.2)
Dec. 31, 2006 (14.6) (506.3) (2,186.1) (338.6) (3,045.5)
Net value
Dec. 31, 2004 73.6 423.5 726.0 233.7 1,456.7
Dec. 31, 2005 91.7 481.5 773.0 254.4 1,600.6
Dec. 31, 2006 91.3 536.2 728.1 259.8 1,615.1
2006 2005 2004
Net Net Net
MGE 300.0 300.0 300.0
Clipsal 152.5 158.0 145.8
TAC / Andover 121.3 121.2 120.6
Juno 86.8 96.9 -
Digital 34.8 39.3 39.1
BEI 30.8
Kavlico 11.8 13.1 -
Other 22.4 12.2 9.8
Total 760.4 740.7 615.3
Assets held for sale, presented separately in an amount of ๎6.4 million, correspond to land and buildings that are
expected to be sold in the first half of 2007.
Reclassifications primarily correspond to assets put into use.
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