APC 2014 Annual Report Download - page 203

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Restructuring costs Note7
Restructuring costs totaled EUR202million over the period. They mainly relate to industrial and support function reorganizations in Europe.
Amortization and impairment of purchase accounting intangibles Note8
Full year 2014 Full year 2013*
Amortization of purchase accounting intangibles (259) (215)
Impairment of purchase accounting intangibles - -
Goodwill impairment - -
AMORTIZATION AND IMPAIRMENT OF PURCHASE ACCOUNTING INTANGIBLES (259) (215)
The 2013 figures were restated from discontinued operations and change in consolidation method disclosed in note1.*
The migration of the Group’s brands towards the Schneider analysis on the test hypothesis shows that no impairment losses
Electric brand (One Brand project) has led to the amortization would be recognized in the following scenarios:
from January1, 2010 of the Xantrex, TAC and MGE brands over a a 0.5point increase of the discount rate;
l
six-year period. The corresponding amortization expense totaled a 1.0point decrease of the growth rate;
l
EUR61million over the year.
a 0.5point decrease of margin rate.
l
Impairment tests performed on the other Group’s CGUs have not
led to impairment losses being recognized in 2014. The sensitivity
Other financial income and expense Note9
Full year 2014 Full year 2013*
Exchange gains and losses, net (26) (12)
Financial component of defined benefit plan costs (73) (69)
Dividends received 4 7
Net gains/(losses) on disposal of assets available for sale - -
Fair value adjustment of assets available for sale (22) (50) 5
Other financial expense, net (38) (35)
OTHER FINANCIAL INCOME AND EXPENSE (155) (159)
The 2013 figures were restated from discontinued operations and change in consolidation method disclosed in note1.*
NVC Lighting and S21SEC shares (previously named Inversion) were impaired in 2014 for a total amount of EUR13million and EUR9million
respectively.
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2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC