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Annual Report & Accounts 2007
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Amortisation and impairment charge The amortisation for the year and the accelerated amortisation on the software licence 2006 are recognised in the following line items in the income statement. Year ended 31 December Year ended 31 December In thousands of euro 2007 2006 Net operating expenses 2,919 2,889 Exceptional items ^ 8,272 Impairment tests for cash-generating units containing goodwill An Impairment Review was carried out at the year end of the Company’s goodwill in the Casino operation. The carrying values of the assets were compared with the recoverable amounts, these were determined with the assistance of independent valuers. It was viewed that the goodwill was not impaired. The following units have signiącant carrying amounts of goodwill: 31 December 31 December In thousands of euro 2007 2006 Casino operation: GVC Corporation II BV 40,339 40,339 7 Receivables and prepayments 31 December 31 December In thousands of euro 2007 2006 Trade receivables 3,021 1,892 Interest receivables ^ 11 Prepayments 734 406 Other Debtors 540 ^ 4,295 2,309 Trade receivables include funds held by third party collection agencies as of 31 December 2007 amounting to C3 million, which corresponds to the revenue generated over the last 3 weeks of the 12 month period ended 31 December 2007. Prepayments include payment as at 31 December 2007 for goods or services which will be consumed after 1 January 2008. 8 Cash and cash equivalents 31 December 31 December In thousands of euro 2007 2006 Bank balances 15,859 2,341 Treasury deposits ^ 7,066 Cash and cash equivalents 15,859 9,407 21