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Annual Report & Accounts 2005 - Notes to the Financial Statements
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Amortisation and impairment charge The amortisation is recognised in the following line items in the income statement: Year ended 31 December 1 month period ended 31 December In thousands of euro 2005 2004 Administrative expenses 2,802 37 Impairment tests for cash-generating units containing goodwill The following units have significant carrying amounts of goodwill: 31 December 31 December In thousands of euro 2005 2004 Casino operation: GVC Corporation II BV 73,613 73,613 All the intangible assets acquired in 2004 were valued at the year end and the resultant goodwill was tested for reasonableness. 8 Trade receivables and prepayment 31 December 31 December In thousands of euro 2005 2004 Trade receivables 2,151 620 Prepayments 531 132 2,682 752 Trade receivables include funds held by Web Dollar as of 31 December 2005 amounting to e2.2 million, which corresponds to the revenue generated over the last 3 weeks of the 12 month period ended 31 December 2005. Prepayments include payment as at 31 December 2005 for goods or services which will be consumed after 1 January 2006. 9 Cash and cash equivalents 31 December 31 December In thousands of euro 2005 2004 Bank balances 7,233 1,270 Cash and cash equivalents 7,233 1,270