ANNUAL REPORT 2004 - Luxottica Group

(1) Goodwill acquired in 2003
and 2004 consisted primarily of
the retail acquisitions of OPSM
and Cole National and the
wholesale acquisitions of the
E.I.D. companies and I.C. Optics
Group. (See Note 4)
(2) Certain goodwill balances
are denominated in currencies
other than Euro (the reporting
currency) and as such, balances
may fluctuate due to changes in
exchange rates.
6. GOODWILL AND INTANGIBLE
ASSETS - NET
The changes in the carrying amount of goodwill for the
year ended December 31, 2004, are as follows:
In thousands of Euro
Balance as of January 1, 2003
Acquisitions (1)
Change in exchange rates (2)
Balance as of December 31, 2003
Acquisitions (1)
Final purchase price allocation
Change in exchange rates (2)
Balance as of December 31, 2004
Retail segment
987,367
153,838
(126,953)
1,014,252
265,835
2,111
(77,173)
1,205,025
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Wholesale segment
257,293
57,467
(98)
314,662
-
(18,745)
20
295,937
Total
1,244,660
211,305
(127,051)
1,328,914
265,835
(16,634)
(77,153)
1,500,962
119