Annual Report 2011

78 Consolidated financial statements
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14. Intangible assets
15. Fixed assets
CHF 1’000 Goodwill
CHF 1’000
Carrying amount
of goodwill
Brands and
customer relations Technologies
2011 2010
31.12.2011 31.12.2010
Residual
growth rate
IT
Software Total Goodwill Technologies
Discount rate,
pre-tax
Carrying amount
of goodwill
Residual
growth rate
Discount rate,
pre-tax
Business Unit 1 755 1 % 12.0 % 755 – 10.0 %
Business Unit 2 1’043 1 % 11.5 % 1’067 – 10.0 %
Business Unit 3 15’180 1 % 11.5 % – – –
Total 16’978 1’822
IT
Software Total
Gross value at beginning of year 1’822 – 9’595 8’723 20’140 2’147 10'240 9’386 21’773
Change in consolidated
companies 32
15’730 12’382 14’153 562 42’827 – – – –
Additions – – 1’241 663 1’904 – 362 459 821
Disposals – – – -427 -427 – – -336 -336
Currency translation -574 -433 -617 -114 1’738 -325 -1'007 -786 -2’118
Gross value at year end 16’978 11’949 24’372 9’407 62’706 1’822 9’595 8’723 20’140
Accumulated depreciation
at beginning of year
– – 7’035 7’510 14’545 – 6’950 7’630 14’580
Depreciation 7 – 565 2’390 928 3’883 – 938 874 1’812
Disposals – – – -415 -415 – – -336 -336
Currency translation – -8 -121 -84 -213 – -853 -658 -1’511
Accumulated amortization
at year end
– 557 9’304 7’939 -17’800 – 7'035 7’510 14’545
Net book value at beginning of year 1’822 – 2’560 1’213 5’595 2’147 3’290 1’756 7’193
Net book value at year end 16’978 11’392 15’068 1’468 44’906 1’822 2’560 1’213 5’595
The goodwill impairment test was conducted using the following parameters:
Based on the results of the sensitivity analyses performed by varying the key parameters for the impairment tests
(growth and discount rate), there was no reason to revise the initial assessment of the impairment test.
CHF 1’000 2011 2010
Switzerland 23’109 23’380
Germany 88’514 16’444
Other countries 5’992 1’908
Total 117’615 41’732