technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS

Property, equipment and intangible assets

NOTE 6

INTANGIBLE ASSETS Intangible assets consist mainly of capitalized IT development projects, the cost of software, trademarks and rights to use patents. Ongoing software development projects are classified under “Intangibles in progress”. Once development is achieved, the software is capitalized or delivered to the subsidiaries concerned. Software developed or used internally is amortized from the date of

use. Other IT development costs are capitalized and amortized on a straight-line basis over a maximum of three years, with some exceptions. Minor IT expenses are amortized over the financial year they are put in use. Software acquired or developed as well as licenses are amortized on a straight-line basis over the duration of their protection or over their useful life, whichever is shorter.

Intangible assets

Tangible assets

(in million euros)

At December 31, 2018, Net

8

- - - - - - - - -

Cost

20

Accumulated depreciation

(12)

Acquisitions

1

Disposals (net of cumulated amortization) Depreciation and amortization AT DECEMBER 31, 2019, NET

(1) (1)

7

Cost

20

Accumulated depreciation

(13)

6

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 275