Universal Registration Document 2019

b) Amortization and depreciation of the tangible and intangible fixed assets (in thousands of euros) As of 12/31/2018 Allowances Decreases or reversals As of 12/31/2019 Start-up and development costs Other intangible fixed assets 422 44 466 TOTAL 1 422 44 0 466 Buildings 75 1 76 General installations, fixtures and fittings 139 138 277 Office and IT equipment, furniture 202 135 337 TOTAL 2 416 274 0 690 TOTAL 837 318 0 1,156 3.2.2  /  Financial assets Participating shares and other financial fixed assets are valued at their purchase price, excluding the costs incurred in their acquisition. If these values are higher than the value in use, a provision for depreciation is recorded to account for the discrepancy. The value in use is calculated from each line of investment, based on the profitability and performance outlook for the companies concerned; on developments in the economic sectors in which they operate; and on their positions within these sectors. The inventory value has been brought into line with the utility value calculated for valuations which did not show any loss in value. Figures in thousands of euros Gross value as of 12/31/2018 Acquisitions and transfers from item to item Disposals and transfers from item to item Gross value as of 12/31/2019 EQUITY INTERESTS AND RELATED RECEIVABLES 228,087 27,738 19,369 236,456 - of which Hi Shear Corporation loan 18,904 18,904 - of which Hi Shear Corporation interest incurred 465 465 - of which LISI Holding North America loan 50,655 974 51,629 - of which LISI Holding North America accrued interest - of which, Hi Vol loan - of which, Hi Vol accrued interest 225 4 25,215 1,545 229 25,215 1,545 OTHER NON-CURRENT INVESTMENTS 10 10 TOTAL 228,097 27,738 19,369 236,466 3.2.3  /  Provisions for depreciation of the tangible fixed assets and financial assets No provisions for equity interests or for receivables related to equity holdings are recognized in the LISI S.A. accounts. A provision for other financial assets was recorded on the balance sheet in the amount of €8 thousand. 3.2.4  /  Maturity dates for receivables and debts Receivables are valued at their face value. A depreciation provision is recorded when the recoverable value is less than the book value. 85 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Company financial statements 3