in thousands of EUR

2018

2017

Development costs for information systems

34,108

28,103

Management contracts

1,562

1,763

Computer software

2,754

2,977

Balance sheet value as at 31 December

38,424

32,843

The development costs for information systems

The development costs for information systems contain costs for the development of the Bank’s ICT systems in The Netherlands, Spain and Germany.

The movement in the development costs for the information systems item is as follows:

in thousands of EUR

2018

2017

1

Excluding disposal in the amount of EUR 0.2 million (2017: EUR 0.5 million).

Purchase value as at 1 January

45,919

35,095

Cumulative amortisation as at 1 January

–17,816

–14,296

 

 

 

Balance sheet value as at 1 January

28,103

20,799

Capitalised expenses

12,854

11,391

Amortisation1

–6,316

–4,038

Impairments

–512

Exchange rate results on foreign currencies

–21

–49

Balance sheet value as at 31 December

34,108

28,103

 

 

 

Purchase value as at 31 December

58,524

45,919

Cumulative amortisation as at 31 December

–24,416

–17,816

Balance sheet value as at 31 December

34,108

28,103

Management contracts

The management contracts relate to contracts for the management of funds by Triodos Investment Management. When it acquired its participating interest in Triodos Investment Management in 2006, Triodos Bank paid EUR 4 million for this to Stichting Triodos Holding. No impairment was recognised based on the remaining usefulness of the contracts.

The movement in management contracts is as follows:

in thousands of EUR

2018

2017

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–2,267

–2,065

 

 

 

Balance sheet value as at 1 January

1,763

1,965

Amortisation

–201

–202

Balance sheet value as at 31 December

1,562

1,763

 

 

 

Purchase value as at 31 December

4,030

4,030

Cumulative amortisation as at 31 December

–2,468

–2,267

Balance sheet value as at 31 December

1,562

1,763

Computer software

Computer software relates to software that has been purchased.

The movement in computer software is as follows:

in thousands of EUR

2018

2017

1

Excluding disposal in the amount of EUR 0.7 million (2017: EUR 1.3 million).

Purchase value as at 1 January

4,951

4,284

Cumulative amortisation as at 1 January

–1,974

–1,889

 

 

 

Balance sheet value as at 1 January

2,977

2,395

Purchase

981

1,927

Amortisation1

–1,204

–1,345

Balance sheet value as at 31 December

2,754

2,977

 

 

 

Purchase value as at 31 December

5,256

4,951

Cumulative amortisation as at 31 December

–2,502

–1,974

Balance sheet value as at 31 December

2,754

2,977