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29.     Depreciation and amortisation of assets

 

The depreciation and amortisation of assets can be broken down as follows:

 


( x EUR 1,000 )

2008

2007

 

Amortisation of intangible assets

4,934

3,815

Depreciation of tangible fixed assets

64,602

57,599

Book profit on sale of assets

-/- 10,041

-

 

 59,495


 61,414

 
 

 

The impairments can be broken down as follows:

 

( x EUR 1,000 )

2008

2007

 

Penalty in respect of NorNed cable

10,000

-

Impairment of goodwill of APX GAS

Zeebrugge B.V.

 

1,678

 

-

 

 11,678


 -

 
 

 

 

The Office of Energy Regulation has attached conditions to the reimbursement of the costs of the NorNed cable. An initial settlement was effected in 2008. The settlement includes a penalty of EUR 10 million. This penalty has been recognised in the accounts as a depreciation of the NorNed cable.

 

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