ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

6.- Goodwill
The changes in 2010 in “Goodwill” in the accompanying consolidated balance sheet were as
follows (in thousands of euros):
Balance at
31/12/09 Additions Impairment
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Other
changes
Balance at
31/12/10
Acciona Energías Renovables Subgroup 868,770 562 2,121 871,453
Interlogística del Frío, S.A. 5,147 5,147
Trasmediterránea Subgroup 24,878 24,878
Compañía Urbanizada del Coto Subgroup
(formerly INOSA)
13,832 (833) 12,999
Acciona Facility Services Subgroup 78,639 78,639
Acciona Agua Subgroup 33,629 33,629
Acciona Wind Power Subgroup 18,995 18,995
Other 3,470 186 3,656
Total 1,047,360 562 (833) 2,307 1,049,396
The changes in 2011 in “Goodwill” in the accompanying consolidated balance sheet were as
follows (in thousands of euros):
Balance at
31/12/10 Additions Impairment
Other
changes
Balance at
31/12/11
Acciona Energías Renovables Subgroup 871,453 (237) 871,216
Interlogística del Frío, S.A. 5,147 5,147
Trasmediterránea Subgroup 24,878 24,878
Compañía Urbanizada del Coto Subgroup
(formerly INOSA)
12,999 12,999
Acciona Facility Services Subgroup 78,639 78,639
Acciona Agua Subgroup 33,629 33,629
Acciona Wind Power Subgroup 18,995 18,995
Other 3,656 (399) 3,257
Total 1,049,396 (636) 1,048,760
The most significant goodwill of the Acciona Group arose in the acquisition in prior years of
certain companies in the Energy division and relate to the excess of the price of acquisition over
the fair value of the assets acquired by the Group from these companies which represent the
technical development and commercial capacity of new businesses primarily in international
markets. Accordingly, it was allocated to the cash-generating unit of the Group’s renewable
energy business and is measured on the basis of the overall capacity to generate cash flows in the
future.
Based on the impairment tests performed for this division (see Note 3.2-e) and the remaining
goodwill of the Group at 31 December 2011 there was no need to recognise any impairment
losses. Also, the sensitivity analyses performed by the Group make it possible to conclude that
there are no changes as regards the key assumptions that make it necessary to recognise any
impairment.