AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

The criteria used to recognise impairment losses on assets and, as the case may be, the
recovery of impairment losses recorded in previous years are similar to those applied to tangible
assets (Note 3d).
c) Tangible fixed assets
Tangible fixed assets are stated at cost, less any accumulated depreciation and any recognised
impairment losses.
At 31 December 1996 the tangible fixed assets of the main Group companies in Spain were
revalued, pursuant to Royal Decree-Act of 7 June 1996. At 31 December 2011, the net value
resulting from this revaluation was not significant.
The replacement or renewal of complete elements that increase the working life of the asset, or
its economic capacity, are recognised as additions to tangible fixed assets, and the elements
replaced or renewed are derecognised. Periodic maintenance, upkeep and repair expenses are
recognised in the income statement as incurred within the year.
The criteria for the recognition of impairment losses for these assets and, where applicable, the
recovery of any impairment losses recorded in previous financial years are similar to those used
for the assets (Note 3d).
The Company Administrators consider that the book value of the assets does not exceed their
recoverable amount.
Tangible fixed assets, net in the case of their residual value, are depreciated on a straight-line
basis the cost of the different elements of said fixed assets over their estimated working life (in
years) in the period over which companies expect to use them:
Annual Percentage
Lands and buildings 2.0% - 14.0%
Plant and machinery 10.0% - 20.0%
Other facilities, tooling and furniture 10.0% - 33.0%
Other fixed assets 10.0% - 20.0%
The gain or loss resulting from the disposal or retirement of an asset is calculated as the
difference between the sales proceeds and the book value of the asset, and is recognised in the
income statement.
d) Impairment of tangible and intangible assets and goodwill.
At the balance sheet date, or whenever there is evidence of impairment in value, the value of the
assets is analysed to determine if there is any sign that they have suffered an impairment loss. If
this is seen to be the case, an estimate is made of the recoverable sum of the asset to determine
the sum of the required write down. Where the identifiable asset does not generate cash flows
independently, the Group estimates the recoverable amount of the Cash-generating Unit to which
the asset belongs.
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