Notes to the consolidated financial statements

Intangible assets

Intangible assets

It should be noted that the caption "Intangible assets" does not include the intangibles assigned to infrastructure projects, which are carried in the caption "Investments in infrastructure projects".

Movements in this consolidated balance sheet caption by nature during 2007 and 2006 are set out below:

 Intangible assets 2007

The concession rights included in this caption are not linked to any specific project debt.

The main movements in 2007 relate to car parks, comprising transfers to property, plant and equipment totalling 20 million euro and additions amounting to 10 million euro.

 Intangible assets 2006

  • The only significant intangible asset having an indefinite life is the BAA Group's right to operate certain unregulated airports, which arose during the business combination process following the acquisition of that group. As indicated in Note 7, this asset is not recognised in intangible assets but in "Investments in infrastructure projects".

  • At 31 December 2007 no significant intangible assets are subject to ownership restrictions or pledged to secure liabilities.

  • There were no impairment losses or reversals in 2007.

The internally generated intangible assets of BAA are analysed separately in Note 7.