Annual Report in English - Consilium

note 9 PRoPeRtY, PlAnt & eQuIPMent
land and
buildings Machinery equipment total
At 1 January 2010
Cost of acquisition 19.8 27.7 67.4 114.9
Accumulated depreciation -5.2 -10.8 -52.7 -68.7
Carrying amount 14.6 16.9 14.7 46.2
1 January – 31 December 2010
opening balance 14.6 16.9 14.7 46.2
exchange differences -0.9 -1.4 -1.2 -3.5
investments 4.8 2.2 3.0 10.0
disposals – -3.3 -0.2 -3.5
depreciation -1.8 -3.9 -3.2 -8.9
Closing balance 16.7 10.5 13.1 40.3
At 31 December 2010
Cost of acquisition 23.7 25.2 69.0 117.9
Accumulated depreciation -7.0 -14.7 -55.9 -77.6
Carrying amount 16.7 10.5 13.1 40.3
At 1 January 2011
Cost of acquisition 23.7 25.2 69.0 117.9
Accumulated depreciation -7.0 -14.7 -55.9 -77.6
Carrying amount 16.7 10.5 13.1 40.3
1 January – 31 December 2011
opening balance 16.7 10.5 13.1 40.3
exchange differences -0.6 0.1 0.2 -0.3
investments 1.0 0.6 4.2 5.8
disposals 0.0 -1.8 -0.5 -2.3
Reclassification – -3.2 3.2 0.0
depreciation -0.6 -2.4 -7.7 -10.7
Closing balance 16.5 3.8 12.5 32.8
At 31 December 2011
Cost of acquisition 24.1 20.9 76.1 121.1
Accumulated depreciation -7.6 -17.1 -63.6 -88.3
Carrying amount 16.5 3.8 12.5 32.8
Parent
equipment 2011 2010
opening cost 1.2 1.2
investments 0.0 0.0
disposals 0.0 0.0
Closing cost 1.2 1.2
opening depreciation -1.0 -1.0
depreciation for the year -0.1 0.0
Closing depreciation -1.0 -1.0
Carrying amount 0.1 0.2
depreciation of buildings is divided equally between Cost of sales, distribution costs,
Administrative expenses and Research and development expenses. depreciation of
machinery is charged to Cost of sales. depreciation of equipment is divided equally
between Cost of sales, distribution costs, Administrative expenses and Research and
development expenses.
note 10 IntAnGIBle Assets, GRouP
Goodwill
Capitalised
development
notes
Patents,
trademarks
and licences total
At 1 January 2010
Cost of acquisition 33.1 226.6 15.1 288.2
Accumulated amortisation – -102.0 -13.1 -128.5
Carrying amount 33.1 124.6 2.0 159.7
1 January – 31 December 2010
opening balance 33.1 124.6 2.0 159.7
exchange differences – – – –
Acquisitions 4.1 25.9 – 30.0
disposals – – – –
Amortisation – -24.7 -0.8 -25.5
Closing balance 37.2 125.8 1.2 164.2
At 31 December 2010
Cost of acquisition 37.2 252.5 15.1 304.8
Accumulated amortisation – -126.7 -13.9 -140.6
Carrying amount 37.2 125.8 1.2 164.2
At 1 January 2011
Cost of acquisition 37.2 252.5 15.1 304.8
Accumulated amortisation – -126.7 -13.9 -140.6
Carrying amount 37.2 125.8 1.2 164.2
1 January –
31 December 2011
opening balance 37.2 125.8 1.2 164.2
exchange differences -0.4 – – -0.4
Acquisitions – 28.4 – 28.4
disposals – -0.1 -0.5 -0.6
Amortisation – -25.6 -0.1 -25.7
Closing balance 36.8 128.5 0.6 165.9
At 31 December 2011
Cost of acquisition 36.8 280.8 14.6 332.2
Accumulated amortisation – -152.3 -14.0 -166.3
Carrying amount 36.8 128.5 0.6 165.9
Goodwill impairment testing
distribution of goodwill in the Group’s cash-generating units:
2011 2010
marine & safety 29.6 30.0
fire safety & Automation 7.2 7.2
units in Consilium’s two business areas have a similar risk profile and development.
Consequently, the Group classifies the business areas as cash generating units for
goodwill allocation and impairment testing.
Goodwill allocation is based on the business areas’ estimated revenues. These values
are obtained from projected cash flows, with the forecast for first year based on the
budget defined by the Board. The assumed rate of growth for subsequent years is in
line with Gdp forecasts, in other words at a level which reflects long-term inflation.
Budgeted operating margins are defined on the basis of previous results and
expectations of future market development.
it is the Company’s opinion that the effects of reasonable changes in annual growth of
3 (3) percent, the operating margin, the pre-tax discount rate of 10 (10) percent
and other assumptions would not be sufficient to cause the recoverable amount to fall
below the carrying amount. Annual impairment testing did not identify any impairment
losses.
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