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Income and expenses arising from non-current assets and disposal groups classified as held
for sale which do not qualify for classification as discontinued operations are recognised under
the related heading in the income statement on the basis of their nature.
4.15 Current and non-current items
Current assets are assets associated with the normal operating cycle, which in general is
considered to be one year; other assets which are expected to mature, be disposed of or be
realised within twelve months from the end of the reporting period, financial assets held for
trading, except for financial derivatives that will be settled in a period exceeding one year; and
cash and cash equivalents. Assets that do not meet these requirements are classified as non-
current assets.
Similarly, current liabilities are liabilities associated with the normal operating cycle, financial
liabilities held for trading, except for financial derivatives that will be settled in a period
exceeding one year; and, in general, all obligations that will mature or be extinguished at
short term. All other liabilities are classified as non-current liabilities.
5.- Intangible assets
The changes in “Intangible Assets” in the balance sheets in 2014 and 2013 were as follows (in
thousands of euros):
Cost
Balance at
01/01/14
Additions
Increase or
decrease due
to transfer
Balance at
31/12/14
Licence
60,666
-
-
60,666
Trademark
15,819
-
-
15,819
Computer software
35,890
3,444
(33)
39,301
Other intangible assets
304
2,165
-
2,469
Total cost
112,679
5,609
(33)
118,255
Accumulated amortisation
Balance at
01/01/14
Charge for
the year
Increase or
decrease due
to transfer
Balance at
31/12/14
Trademark
(989)
(791)
-
(1,780)
Computer software
(30,101)
(3,121)
(14)
(33,236)
Other intangible assets
(304)
-
-
(304)
Total accumulated amortisation
(31,394)
(3,912)
(14)
(35,320)
Total intangible
assets
Balance at
01/01/14
Balance at
31/12/14
Cost
112,679
118,255
Accumulated amortisation
(31,394)
(35,320)
Total, net
81,285
82,935
Cost
Balance at
01/01/13
Additions
Increase or
decrease due
to merger
(Note 5)
Balance at
31/12/13
Licence
60,666
-
-
60,666
Trademark
15,819
-
-
15,819
Computer software
33,675
2,583
(368)
35,890
Other intangible assets
304
-
-
304
Total cost
110,464
2,583
(368)
112,679