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168 2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Note 17
Intangible assets
Goodwill, which constitutes the main intangible asset, is reported on a separate line of the statement of financial position from other intangible assets.
(in € millions)
December 31, 2014
December 31, 2013
Goodwill, net
8,228
8,277
Other intangible assets
1,315
767
INTANGIBLE ASSETS, NET
9,543
9,044
17.1
CHANGES IN GOODWILL
The recoverable amount of goodwill is monitored at the level of the cash-generating units (CGUs) represented by the countries in which the Group
conducts its business.
During 2014, the total carrying amount of goodwill declined by €49 million. Changes compared with 2013 resulted mainly from the recognition of
goodwill arising on the transactions described in Notes 3.2 and 3.4, and the reclassification as “Other intangible assets” of certain items initially
included in goodwill.
(in € millions)
Net goodwill at
December 31, 2013 Acquisitions
Disposals
Impairment
Other
movements
Translation
adjustment
Net goodwill at
December 31, 2014
France
4,394
215
(2)
(321)
4,285
Italy
899
64
963
Belgium
959
959
Spain
862
862
Brazil
606
7
613
Poland
253
(7)
246
Argentina
98
(12)
86
Other countries
206
8
214
TOTAL
8,277
279
(2)
0
(321)
(4)
8,228
The €331 million decrease in net goodwill in 2013 was due mainly to the loss of control of operations in Turkey and to the currency effect in Brazil
and Argentina.
(in € millions)
Net goodwill at
December 31, 2012 Acquisitions
Disposals
Impairment
Other
movements
Translation
adjustment
Net goodwill at
December 31, 2013
France
4,371
31
(8)
4,394
Italy
898
0
899
Belgium
955
3
959
Spain
862
862
Brazil
745
(11)
(127)
606
Poland
253
5
(5)
253
Turkey
176
(176)
0
Argentina
136
0
(38)
98
Other countries
211
(5)
206
TOTAL
8,608
39
0
(11)
(184)
(174)
8,277