Annual Report 2012 - Inwido

FINANCIAL STATEMENTS
Note 12 Intangible assets
Acquired intangible assets
Group, SEKm Customer relations Other intangible assets Goodwill Total
Accumulated cost
Opening balance, 1 January 2011 35.1 123.2 3,159.4 3,317.7
Business combinations - 12.5 18.9 31.4
Other investments - 4.6 - 4.6
Exchange rate differences for the year - -1.1 -15.1 -16.2
Closing balance 31 Dec. 2011 35.1 139.2 3,163.2 3,337.5
Opening balance, 1 January 2012 35.1 139.2 3,163.2 3,337.5
Other investments - 11.4 - 11.4
Disposals and scrappings - -35.2 -193.1 -228.3
Disposals of operations - -1.1 - -1.1
Reclassifications - 2.0 - 2.0
Exchange rate differences for the year - -3.3 -53.3 -56.6
Closing balance 31 Dec. 2012 35.1 113.0 2,916.8 3,064.9
Accumulated amortization and impairment
Opening balance, 1 January 2011 -31.6 -101.1 - -132.7
Business combinations - -12.5 - -12.5
Amortization for the year -3.5 -9.0 - -12.5
Impairment for the year - - -8.3 -8.3
Exchange rate differences for the year - 0.9 - 0.9
Closing balance 31 Dec. 2011 -35.1 -121.6 -8.3 -165.1
Opening balance, 1 January 2012 -35.1 -121.6 -8.3 -165.1
Disposals and scrappings - 35.1 - 35.1
Disposals of operations - 0.4 - 0.4
Amortization for the year - -8.5 - -8.5
Reclassifications - -1.5 - -1.5
Exchange rate differences for the year - 2.8 0.3 3.1
Closing balance 31 Dec. 2012 -35.1 -93.3 -8,0 -136.5
Carrying amounts
As of 1 January 2011 3.5 22.1 3,159.4 3,185.0
As of 31 December 2011 0.0 17.5 3,154.9 3,172.5
As of 1 January 2012 - 17.5 3,154.9 3,172.5
As of 31 December 2012 - 19.6 2,908.8 2,928.5
Impairments for the year are included in the following items in the income statement for 2012 (SEKm): Cost of goods sold -8.5
Impairments for the year are included in the following items in the income statement for 2011 (SEKm): Cost of goods sold -12.5
All intangible assets, except goodwill, are amortized. For information on amortization, see the accounting principles detailed in Note 1.
Impairment testing for cash generating units
containing goodwill
Group, SEKm 2012 2011
Goodwill amounts by cash generating unit:
Inwido Sweden 991.3 991.3
Inwido Nordic 1,718.8 1,772.7
Inwido Europe 82.1 81.4
Supply* 116.6 309.5
Total 2,908.8 3,154.9
Value in use by cash generating unit:
Inwido Sweden 1,506.3 2,255.5
Inwido Nordic 2,635.7 2,895.3
Inwido Europe 271.7 287.1
Supply* 299.2 595.8
Total 4,712.9 6,033.7
* The impairment testing of Supply in 2011 also included the unit
Home Improvement, which was divested in 2012.
Key variables Assessment method
Market
growth
Purchasing
of goods
and services
Personnel
costs and
efficiency
Expected market growth is based on a transition
from the current competitive situation to the expected
long-term growth trend. The forecast includes the
strategy to increase the proportion of sales generated
within the consumer segment, increased demand
for energy-efficient products and the expected
demographic trend. The forecast agrees with previous
experience and external sources of information.
The forecast for purchasing costs is based on
expected inflation, changes in choice of material,
volume advantages and other synergies within
the Group. The forecast agrees with previous
experience and forecasts.
Forecast personnel costs are based on expected
wage increases, planned efficiency measures and
other synergies within the Group. The forecast
agrees with previous experience and forecasts.
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Inwido AB | Annual Report 2012