APC 2014 Annual Report Download - page 205

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Goodwill Note11
11.1 – Main items of goodwill
Group goodwill is broken down by business as follows:
Dec.31, 2014, net Dec.31, 2013, net*
Buildings & Partner 5,678 5,296
Industry 5,365 2,139
IT 3,120 2,890
Infrastructure 2,570 2,723
TOTAL 16,733 13,048
The 2013 figures were restated from change in consolidation method disclosed in note1.figures.*
Square D goodwill was allocated to each business in proportion to operating income:
Partner Industry
Square D Company 82% 18%
11.2 – Movements during the year
The main movements during the year are summarized as follows:
Full year 2014 Full year 2013*
Net goodwill at opening 13,048 13,040
Acquisitions 3,177 607
Disposals (423) (12)
Impairment - -
Translation adjustment 931 (587)
Reclassifications - -
Net goodwill at year end 16,733 13,048 5
Included cumulative impairment (280) (395)
The 2013 figures were restated from change in consolidation method disclosed in note1.*
Acquisitions
Impairment tests performed on all the Group’s CGUs have not led
to impairment losses being recognized
Goodwill generated by acquisitions made during the year totaled
Other changes
EUR3.177million and corresponds mainly to the Group Invensys.
Invensys goodwill has been allocated to Industry CGU. Goodwill
generated by acquisitions in 2013 totaled EUR607million and Translation adjustments concern principally goodwill inUSdollars.
corresponds mainly to the Russian group Electroshield – TM
Samara.
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2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC