10 Intangible assets
Intangible assets, which amount to €809 million (€810 million at 31 December 2016) break down as follows:
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(€ millions) |
With a finite useful life |
Total |
Cost on 31.12.2016 |
1,464 |
1,464 |
Investments |
25 |
25 |
Cost on 30.06.2017 |
1,489 |
1,489 |
|
|
|
Provisions for amortisation and depreciation on 31.12.2016 |
(654) |
(654) |
Depreciation and amortisation |
(26) |
(26) |
Provisions for amortisation and depreciation on 30.06.2017 |
(680) |
(680) |
Net balance on 31.12.2016 |
810 |
810 |
Net balance on 30.06.2017 |
809 |
809 |
Intangible assets with a finite useful life (€809 million) mainly concern: (i) concessions for natural gas storage activities (€656 million); (ii) industrial patent rights and intellectual property rights (€117 million).
Investments34 (€25 million) refer mainly to the natural gas transportation segment (€20 million).
During the half-year period no impairment indicators were recorded or significant changes with regard to the valuation of the recoverability of the value recorded in the financial statements for Intangible fixed assets. The observations made in the Annual Report are therefore confirmed and should be referred to.
34 Investments by business segment are shown in the “Business segment operating performance” section of the Interim Report.