100 % FUTURE - ALNO

103
Overview of the cash generating units:
In EUR thousand ALNO CASAWELL
Carrying amount 9,483 22,553
Value in use – 8,384 80,740
The recoverable amount for ALNO AG and the CASAWELL Group was calculated based on value in
use. Fair value less costs to sell was used in the previous year for the ALNO AG assets due to their
negative value in use. Along with impairment losses applied to ALNO AG’s goodwill in an amount
of EUR 2,535 thousand, this also resulted in additional impairment losses applied to intangible
assets and property, plant and equipment (please refer to C.8. “Amortization of intangible assets
and depreciation of property, plant and equipment”). This basis also resulted in the application of
further impairment losses applied in 2010 to 2010 additions in an amount of EUR 2,325 thousand,
since the new planning figures for the impairment test were not available until spring 2011. Despite
negative value in use, no further impairment losses were necessitated for 2010, however, on the
basis of the impairment tests conducted as of December 31, 2010 as part of the preparation of the
financial statements.
As shown above, the forward-looking assumptions on which the calculations are based are subject
to various estimation uncertainties. These uncertainties may exert a significant impact on the calculations’
results. The following section explains how the values in use of the ALNO AG and CASAWELL
cash generating units change given scenarios that diverge from planning (relating only to a change
in the level of the perpetual return as the value-driving factor).
ALNO AG:
In EUR thousand
WACC
Free cash flow – 2 % – 1 % 0 % 1 % 2 %
– 20 % – 7,156 – 9,661 – 11,522 – 12,959 – 14,103
– 10 % – 5,032 – 7,850 – 9,943 – 11,560 – 12,847
0 % – 2,908 – 6,038 – 8,384 – 10,162 – 11,591
10 % – 784 – 4,227 – 6,786 – 8,763 – 10,335
20 % 1,341 – 2,416 – 5,208 – 7,364 – 9,079
CASAWELL:
In EUR thousand
WACC
Free cash flow – 2 % – 1 % 0 % 1 % 2 %
– 20 % 86,601 74,677 65,815 58,971 53,526
– 10 % 96,715 83,300 73,331 65,631 59,506
0 % 106,829 91,923 80,740 72,291 65,485
10 % 116,943 100,546 88,362 78,951 71,464
20 % 127,057 109,169 95,877 85,612 77,444
IMPAIRMENT TEST FOR MISCELLANEOUS INTANGIBLE ASSETS AND PROPERTY, PLANT AND
eqUIPMENT
Miscellaneous intangible assets and property, plant and equipment are tested for indicators of
possible impairment on the balance sheet date. An impairment test within the meaning of IAS 36
is implemented if there are any such indicators.