Acquisition or production costs

2005

(in TEUR)	Balance as at 1 January 2005		Currency translation differences		Add-itions		Dis-posals		Changes due to business acquisitions		Trans-fers		Balance as at 31 December 2005
Intangible assets	29,025		816		2,436		8,827		2,151		0		25,601
Goodwill	110,516		5,286		0		0		8,219		0		124,021
Land and buildings	124,811		2,846		1,611		265		3,510		3		132,516
Technical equipment and machinery	134,676		5,773		6,295		692		4,160		243		150,455
Other equipment, factory and office
equipment	66,184		3,188		12,224		8,408		739		273		74,200
Assets in course of construction	939		181		3,645		96		283		(536)		4,416
Advance payments on
tangible assets	77		3		523		63		0		(17)		523
Total property, plant and equipment	326,687		11,991		24,298		9,524		8,692		(34)		362,110
Total intangible and tangible assets	466,228		18,093		26,734		18,351		19,062		(34)		511,732

changesintangibleandtangibleassets.htm

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2004

(in TEUR)	Balance as at 1 January 2004		Currency translation differences		Add-itions		Dis-posals		Changes due to business acquisitions		Trans-fers		Balance as at 31 December 2004
Intangible assets	24,889		(473)		3,727		493		1,369		5		29,025
Goodwill	233,466		(7,225)		3,204		0		0		0		229,446
Land and buildings	131,493		(1,411)		3,235		10,088		127		1,455		124,811
Technical equipment and machinery	136,098		(2,721)		11,172		11,353		1,267		214		134,676
Other equipment, factory and office
equipment	63,783		(1,192)		9,605		7,194		671		511		66,184
Assets in course of construction	1,951		(26)		1,560		366		0		(2,180)		939
Advance payments on
tangible assets	50		0		69		42		0		0		77
Total property, plant and equipment	333,375		(5,350)		25,641		29,044		2,065		0		326,687
Total intangible and tangible assets	591,730		(13,048)		32,572		29,537		3,435		5		585,158

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Depreciation and amortization

2005

(in TEUR)	Balance as at 1 January 2005		Currency translation differences		Depreciation and amorti- zation for the year		Dis-posals		Changes due to business acquisitions		Trans-fers		Balance as at 31 December 2005
Intangible assets	21,964		708		2,879		8,695		0		0		16,856
Goodwill	2,955		0		383		0		0		0		3,338
Land and buildings	54,180		1,586		3,286		113		0		0		58,939
Technical equipment
and machinery	98,750		4,075		7,993		442		0		(143)		110,233
Other equipment, factory
and office equipment	48,367		2,173		9,700		7,959		0		109		52,390
Assets in course of construction	0		0		10		0		0		0		10
Advance payments on tangible
assets	0		0		0		0		0		0		0
Total property, plant
and equipment	201,297		7,834		20,989		8,514		0		(34)		221,572
Total intangible
and tangible assets	226,216		8,542		24,251		17,209		0		(34)		241,766

changesintangibleandtangibleassets2.htm

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2004

(in TEUR)	Balance as at 1 January 2004		Currency translation differences		Depreciation and amorti- zation for the year		Dis-posals		Changes due to business acquisitions		Trans-fers		Balance as at 31 December 2004
Intangible assets	19,968		(454)		2,875		425		0		0		21,964
Goodwill	110,681		(5,481)		16,684		0		0		0		121,884
Land and buildings	56,280		(787)		3,072		4,425		0		39		54,180
Technical equipment
and machinery	103,177		(1,960)		8,093		10,149		3		(414)		98,750
Other equipment, factory
and office equipment	46,753		(984)		8,470		6,330		76		382		48,367
Assets in course of construction	0		0		29		29		0		0		0
Advance payments on tangible
assets	0		0		0		0		0		0		0
Total property, plant
and equipment	206,210		(3,731)		19,664		20,933		79		7		201,297
Total intangible
and tangible assets	336,859		(9,665)		39,223		21,358		79		7		345,145

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Net book value

(in TEUR)	Costs as at 31 December 2005		Accumulated depreciation		Net book value as at 31 Decem- ber 2005		Net book value as at 31 Decem- ber 2004
Intangible assets	25,601		16,856		8,745		7,061
Goodwill	124,021		3,338		120,683		107,561
Land and buildings	132,516		58,939		73,577		70,631
Technical equipment and machinery	150,455		110,233		40,222		35,926
Other equipment, factory and office equipment	74,200		52,390		21,810		17,818
Assets in course of construction	4,416		10		4,406		939
Advance payments on tangible assets	523		0		523		77
Total property, plant and equipment	362,110		221,572		140,538		125,390
Total ingangible and tangible assets	511,732		241,766		269,966		240,012

changesintangibleandtangibleassets3.htm

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Finance leases

The net book value for technical equipment and machinery includes an amount of EUR 772 thousand (2004 EUR 1,074 thousand) and the net book value for other equipment, factory and office equipment includes an amount of EUR 73 thousand (2004 EUR 211 thousand) in respect of assets held under finance lease. The total of minimum lease payments at balance sheet date amounts to EUR 582 thousand (2004 EUR 1,088 thousand). The leasing contracts have remaining terms from 2 up to 38 months.

Goodwill

(in TEUR)	2005	2004
Andritz Ahlstrom	35,540	32,367
Acquisition of Andritz AG	59,596	59,596
Other	25,547	15,598
	120,683	107,561

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In 2005 the goodwill arising from the acquisition CyberMetrics Inc. met the tests for impairment because the business did not develop according to plan. The impairment loss for this goodwill amounted to EUR 383 thousand and is related to the pulp and paper business. It was included in the income statement under Impairment.

Shares in associated companies

Accumulated assets of material associated companies included in the consolidated balance sheet as of December 31, 2005 amount to EUR 30,842 thousand, total liabilities to EUR 25,930 thousand and accumulated net income amounts to EUR 1,275 thousand.
For participation in associated companies an impairment loss of EUR 452 thousand has been reported in the income statement as Income from associated companies, it is related to the pulp and paper business area.