in thousands of EUR

2019

2018

Development costs for information systems

38,212

34,108

Management contracts

1,360

1,562

Computer software

1,971

2,754

Balance sheet value as at 31 December

41,543

38,424

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

2019

2018

1

Excluding disposal in the amount of EUR 0.9 million (2018: EUR 0.2 million).

Purchase value as at 1 January

58,524

45,919

Cumulative amortisation as at 1 January

–24,416

–17,816

 

 

 

Balance sheet value as at 1 January

34,108

28,103

Capitalised expenses

12,901

12,854

Amortisation1

–7,931

–6,316

Impairments

–891

–512

Exchange rate results on foreign currencies

25

–21

Balance sheet value as at 31 December

38,212

34,108

 

 

 

Purchase value as at 31 December

70,628

58,524

Cumulative amortisation as at 31 December

–32,416

–24,416

Balance sheet value as at 31 December

38,212

34,108

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

2019

2018

Purchase value as at 1 January

4,030

4,030

Cumulative amortisation as at 1 January

–2,468

–2,267

 

 

 

Balance sheet value as at 1 January

1,562

1,763

Amortisation

–202

–201

Balance sheet value as at 31 December

1,360

1,562

 

 

 

Purchase value as at 31 December

4,030

4,030

Cumulative amortisation as at 31 December

–2,670

–2,468

Balance sheet value as at 31 December

1,360

1,562

Computer software

Computer software relate to software that has been purchased.

The movement in computer software is as follows:

in thousands of EUR

2019

2018

1

Excluding disposal in the amount of EUR 1.2 million (2018: EUR 0.7 million).

Purchase value as at 1 January

5,256

4,951

Cumulative amortisation as at 1 January

–2,502

–1,974

 

 

 

Balance sheet value as at 1 January

2,754

2,977

Purchase

514

981

Amortisation1

–1,260

–1,204

Impairment

–37

Balance sheet value as at 31 December

1,971

2,754

 

 

 

Purchase value as at 31 December

4,573

5,256

Cumulative amortisation as at 31 December

–2,602

–2,502

Balance sheet value as at 31 December

1,971

2,754