Geographical segments

Administration estimates the associated provision for future guarantee claims primarily based on historic
guarantee declare info, in addition to current tendencies which may counsel that previous value
info could differ from future claims.
 The Group makes use of the share of completion technique of IAS 11 in an effort to recognise
income from development contracts. Income is recognised by reference to the stage of
completion of the challenge on the stability sheet date, primarily based on precise quantities in comparison with
complete estimated quantities. Potential changes to complete estimated contract prices and
revenues are considered within the interval through which they come up.
 The Group assessments yearly whether or not goodwill has suffered any impairment. This assessments are
primarily based both on discounted money flows (worth in use) of money producing items, or on honest
values much less prices to promote.
5. Section info
Main reporting format – enterprise segments
At 31 December 2014, the Group is organised into one primary enterprise segments:
 Built-in info expertise options for presidency and banking sector
The section outcomes from persevering with operations for the yr 2014 and 2013 respectively are as
follows:
1/1-31/12/2014 1/1-31/12/2013
Built-in info Know-how
options for presidency and
banking sector
Built-in info Know-how
options for presidency and
banking sector
Whole gross section gross sales 143.971.678,30 135.874.352,14
Whole gross sales 143.971.678,30 135.874.352,14
Working revenue / Section end result 4.655.497,59 2.436.705,19
EBITDA 6.801.684,78 5.557.327,29
Finance revenue 828.588,64 135.773,71
Finance value (4.527.775,70) (14.107.673,42)
Finance prices internet (notice 31) (3.699.187,06) (13.971.899,71)
Revenue earlier than revenue tax 964.078,92 (11.535.194,52)
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Consolidated Monetary Statements in accordance with IFRS
31 December 2014
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Different section objects included within the revenue assertion are as follows:
1/1-31/12/2014 1/1-31/12/2013
Built-in info
Know-how options for
authorities and banking sector
Built-in info
Know-how options for
authorities and banking sector
Depreciation of property, plant and tools (notice 6) 690.095,31 796.720,03
Impairment of property, plant and tools and
intangible belongings 0,00 718.469,88
Amortisation of intangible belongings (Word 8) 1.456.091,87 2.323.902,07
Impairment of commerce receivables (Word 16) 80.753,75 477.704,77
The section belongings and liabilities at 31 December 2014 and 31 December 2013 in addition to the
capital expenditure for every year are as follows:
1/1-31/12/2014 1/1-31/12/2013
Built-in info Know-how
options for presidency and
banking sector
Built-in info Know-how
options for presidency and
banking sector
Property 134.044.766,34 126.894.224,56
Associates 0,00 0,00
Whole belongings 134.044.766,34 126.894.224,56
Liabilities 126.441.359,95 118.982.764,23
Capital expenditure (notes 6, 8 & 9) 724.165,33 1.023.292,95
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 55 of 89
Secondary reporting format – geographical segments
The primary enterprise segments of the Group function in three geographical areas. The house-country
of the Group -which can be the primary working country-is Greece.
Data per geographical space:
Gross sales Whole belongings Capital expenditure
1/1-31/12/2014 1/1-31/12/2013 1/1-31/12/2014 1/1-31/12/2013 1/1-31/12/2014 1/1-31/12/2013
Greece 33.605.767,91 22.857.281,81 58.941.618,09 58.328.201,38 314.779,82 248.923,76
EU nations 97.025.210,19 94,065,828,20 60.899.018,81 48.387.996,06 302.087,97 176.204,08
Different nations 13.340.700,20 18.951.242,12 14.204.129,44 20.178.027,13 107.297,54 598.165,11
Whole 143.971.678,30 135.874.352,13 134.044.766,33 126.894.224,57 724.165,33 1.023.292,95
Gross sales are allotted primarily based on the nation through which the shopper is positioned. Property are allotted
primarily based on their geographical location. Capital expenditure is allotted primarily based on the place the belongings
are positioned.
An evaluation of the Group’s revenues is as follows:
2014 2013
Gross sales of products 9.891.518,90 9.177.907,45
Gross sales of merchandise 2.532.299,87 1.230.661,74
Gross sales of companies 131.547.859,53 125.465.782,94
Whole 143.971.678,30 135.874.352,14
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 56 of 89
6. Property, plant and tools
Land Buildings Plant &
Equipment Tel. tools Motor autos Furnishings &
fixtures Whole
ACQUISITION COST
Stability at 1 January 2013 2.556,46 2.546.036,17 3.801.635,77 685.411,17 256.821,79 5.091.511,60 12.383.972,96
Alternate variations 0,00 0,00 0,00 (23.522,74) (3.092,05) (11.105,08) (37.719,87)
Additions 0,00 265.830,62 331.898,48 155.182,16 57.861,02 118.233,10 929.005,38
Disposals 0,00 (52.413,00) (473.411,63) (85.321,85) (58.031,46) (1.076.303,81) (1.745.481,74)
Disposals of subsidiaries 0,00 (335.968,03) (17,61) 0,00 0,00 (975.444,86) (1.311.430,50)
Reclassifications 0,00 7.377,30 102.007,60 (3.549,08) 0,00 (114.377,98) (8.542,16)
Stability at 31 December 2013 2.556,46 2.430.863,06 3.762.112,61 728.199,67 253.559,30 3.032.512,96 10.209.804,06
ACCUMULATED DEPRECIATION
Stability at 1 January 2013 0,00 760.575,43 3.612.007,69 457.492,48 153.235,27 3.958.939,76 8.942.250,63
Alternate variations 0,00 0,00 0,01 (18.012,57) (2.453,53) (7.346,53) (27.812,61)
Depreciation cost 0,00 197.458,60 340.441,92 96.715,74 27.888,25 134.215,52 796.720,03
Disposals 0,00 (52.413,00) (458.349,29) (84.733,85) (43.712,55) (558.548,17) (1.197.756,86)
Disposals of subsidiaries 0,00 (160.409,25) 0,00 0,00 0,00 (936.209,69) (1.096.618,94)
Reclassifications 0,00 5.532,98 97.598,37 2.682,66 0,00 (105.814,01) 0,00
Stability at 31 December 2013 0,00 750.744,76 3.591.698,70 454.144,46 134.957,44 2.485.236,89 7.416.782,24
NET BOOK VALUE at 31 December 2013 2.556,46 1.680.118,30 170.413,91 274.055,22 118.601,86 547.276,08 2.793.021,82
Land Buildings Plant &
Equipment Tel. tools Motor autos Furnishings &
fixtures Whole
ACQUISITION COST
Stability at 1 January 2014 2.556,46 2.430.863,06 3.762.112,61 728.199,67 253.559,30 3.032.512,97 10.209.804,07
Alternate variations 0,00 0 0 80.169,70 6.236,21 22.046,62 108.452,53
Additions 0,00 45.434,47 245.120,95 36.074,29 20.596,97 36.059,10 383.285,78
Disposals 0,00 (15.000,00) (84.849,46) (1.418,10) (52.431,56) (11.766,47) (165.465,59)
Reclassifications 0,00 0,00 0,00 0,00 0 0,00 0,00
Stability at 31 December 2014 2.556,46 2.461.297,53 3.922.384,10 843.025,56 227.960,92 3.078.852,22 10.536.076,79
ACCUMULATED DEPRECIATION
Stability at 1 January 2014 0,00 750.744,76 3.591.698,70 454.144,46 134.957,44 2.485.236,90 7.416.782,26
Alternate variations 0,00 0 0 47.515,80 2.837,67 11.616,68 61.970,15
Depreciation cost 0,00 200.575,65 275.828,80 96.513,45 25.759,49 91.417,92 690.095,31
Disposals 0,00 (2.900,00) (67.857,70) 0,00 (44.047,44) (10.136,73) (124.941,87)
Reclassifications 0,00 0,00 0,00 0,00 0 0,00 0
Stability at 31 December 2014 0,00 948.420,41 3.799.669,80 598.173,71 119.507,16 2.578.134,77 8.043.905,85
NET BOOK VALUE at 31 December 2014 2.556,46 1.512.877,12 122.714,30 244.851,85 108.453,76 500.717,45 2.492.170,94
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Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 57 of 89
The above desk contains belongings held beneath finance lease as follows:
Quantities in Euro 31/12/2014 31/12/2013
Finance lease liabilities – minimal lease funds
Not later than 1 yr 0,00 5.853,78
Later than 1 yr and never later than 5 years 0,00 0,00
Whole 0,00 0,00
Much less: Future finance prices on finance leases 0,00 (89,77)
Current Worth of Finance Lease Liabilities 0,00 5.764,01
7. Goodwill
Quantities in Euro
Stability at 1 January 2013 13.570.761,89
Alternate variations 1.692,93
Stability at 31 December 2013 13.572.454,82
Stability at 1 January 2014 13.572.454,82
Alternate variations 0
Stability at 31 December 2014 13.572.454,82
Web e-book quantity at 31 December 2014 13.572.454,82
Goodwill resulted from the acquisition of the businesses listed under and is allotted to money
producing items (CGUs) as follows:
Quantities in Euro
Goodwill evaluation
Earlier entity of INTRASOFT Worldwide earlier than merger 11.362.824,00
INTRASOFT Worldwide Scandinavia A.S. 2.209.590,82
TOTAL 13.572.454,82
With the intention to assess whether or not there’s goodwill impairment as at 31 December 2014, the Group
carried out the related impairment assessments, at Group stage, on money producing items (CGUs) to which
goodwill has been allotted.
The recoverable quantity of goodwill from the above corporations has been decided primarily based on
value-in-use calculations. The worth-in-use displays the current worth of future anticipated money flows
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 58 of 89
of the CGU discounted at a price that displays the time worth of cash and the dangers related to
the CGU. Money move projections replicate the enterprise plans overlaying the five-year interval 2015-2019
which have been permitted by the Group’s Board of Administrators. These enterprise plans are primarily based on
monetary outcomes of 2014 whereas money flows past the five-year interval are extrapolated utilizing the
perpetuity development price as offered under.
The important thing assumptions used for essentially the most vital CGUs for the interval 2015 – 2019 are as follows:
Intrasoft
Worldwide
SA
Intrasoft
Worldwide
Scandinavia
Income development 4,75% 3-4%
Gross margin 12,15% 30,0% – 35,50%
EBITDA margin 5,75% 2,5% – 7,5%
Perpetuity development price 2% 2%
Low cost price 6,50% 6,50%
The important thing assumptions used for value-in-use calculation are primarily based on previous efficiency in addition to
on expectations of the longer term growth of operation and are in keeping with exterior components.
Based mostly on the assessments carried out, the goodwill recoverable quantity exceeds its carrying worth and
there isn’t a impairment loss.
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 59 of 89
8. Intangible belongings
Improvement
prices
Emblems &
licenses Software program
Internallygenerated
software program
Buyer
relationship Differentgeographic tongue
geographical features
geographical association
geographical location
geographical information system
geographical meaning
geographical indications
geographical map of india
geographical area
geographical norway jacket
royal geographical society
indian geographical map
total geographical area of india
which of these is a geographical indication

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