2012 Annual Report - Italcementi Group

The useful life adopted by the Group for the main asset categories is as follows:
Civil and industrial buildings
10 – 33 years
Plant and machinery
5 – 30 years
Other property, plant and equipment 3 – 10 years
The range between the above minimum and maximum limits indicates the presence of components with
separate useful lives within each asset category.
5.2 Investment property
(in thousands of euro)
Net carrying amount at Dec. 31, 11 23,457
Gross amount 46,841
Accumulated depreciation (23,384)
Net carrying amount at Dec. 31, 11 23,457
Additions 361
Disposals (339)
Depreciation and impairment (915)
Translation differences (1)
Reclassifications 6,706
Net carrying amount at Dec. 31, 12 29,269
Gross amount 88,478
Accumulated depreciation (59,209)
Net carrying amount at Dec. 31, 12 29,269
Investment property is recognized at cost net of depreciation; fair value at December 31, 2012 was 106.6
million euro (114 million euro at December 31, 2011).
Reclassifications related to sites sold in Italy, including the Pontassieve industrial site with buildings held under
a lease.
6. Goodwill
(in thousands of euro)
Net carrying amount at Dec. 31, 11 1,919,288
Sales and changes in scope of consolidation (13,593)
Impairment (243,955)
Translation differences (63,053)
Net carrying amount at Dec. 31, 12 1,598,687
The material reduction in goodwill arose mainly from impairment losses as a result of impairment testing and
from translation differences generated by the depreciation of some currencies against the euro; for impairment
losses and goodwill on CGUs by country see note 6.1.
“Sales and changes in scope of consolidation” refers mainly to goodwill at Fuping and Afyon.
92