Investments made by the ICP in 2001 totalled close to 4 million euros, an amount which is in line with the institute's annual average, but lower than initially forecasted in the last three-year plan.
| Investments made in the 1989 - 2001 Period | |||||||
|---|---|---|---|---|---|---|---|
| Year | Amount | Year | Amount | Year | Amount | ||
| 1989 | 1.286.899 | 1993 | 2.394.975 | 1997 | 3.680.714 | ||
| 1990 | 1.581.189 | 1994 | 4.988.255 | 1998 | 4.726.698 | ||
| 1991 | 3.434.944 | 1995 | 9.352.027 | 1999 | 3.005.166 | ||
| 1992 | 3.054.805 | 1996 | 4.408.467 | 2000 | 4.448.880 | ||
| 2001 | 3.990.163 | ||||||
|
Total |
50.353.182 |
Annual average |
3.873.322 |
||||
Unit: Euros
The categories that most contributed to the comprehensive amount invested by the Institute, and which were forecast in the strategic guidelines of the three-year plan, are the following:
- Re-equip and renovate the various basic components and equipment necessary for the technical areas of the Institute; amount: 508,000 euros;
- Annual re-vamping and renovation of the Institute's automobile fleet; amount: 270,000 euros;
- Technical re-vamping and renovation of IT systems; amount: 1,847,000 euros, which was invested in hardware and software in equal amounts;
- Re-vamping and renovation of administrative equipment, namely substituting photocopying machines and acquiring furniture, etc.; amount: 326,000 euros;
- Renovating buildings that belong to the Institute, amount: 505,000 euros;
- Renovation work on buildings that don't belong to the ICP; amount: 534,000 euros;
| Evolution in Fixed Assets | 1999 | 2000 | 2001 | Variation 01/00 | |
|---|---|---|---|---|---|
| Gross Value | 48.938.928 | 52.306.780 | 53.943.696 | 1.636.916 | 3.1% |
| Amortizations | -26.477.701 | -29.708.765 | -32.905.631 | -3.196.866 | 10.8% |
| Net Value | 22.461.227 | 22.598.015 | 21.038.065 | -1.559.950 | -6.9% |
Unit: Euros
The reduction in investment asset value is due to the increase in amortizations, as the accumulated increases in amortizations, evaluated in terms of amortizations from the period, deductions and adjustments, is higher than the accumulated increases in gross asset value, evaluated in terms of investment, deductions and adjustments.
This happened because on one hand the ICP was not able to reach the forecasted investment figure outlined in the plan, while on the other the amortizations from the period increased greatly due to strong levels of investment made in the last few years.
| Variation in Fixed Assets | 2000 | 2001 |
|---|---|---|
| Total Investments | 4.448.880 | 3.990.163 |
| - Deferred Costs - renovation work | -181.629 | -534.207 |
| Investments in tangible fixed assets | 4.267.251 | 3.455.956 |
| Amortizations | -4.069.425 | -4.597.806 |
| Asset Sales | -62.906 | -20.462 |
| Adjustments | 1.869 | -397.638 |
| Decrease of net investment asset value | 136.789 | -1.559.950 |
Unit: Euros
The table clarifies what was mentioned earlier, that is, that amortizations in the period were higher than the net investments in deductions and adjustments.
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Assets and Investments
(PDF 56 KB)
