Registration Document BOUYGUES

5
Financial statements
Consolidated financial statements
3.2.3 Goodwill 5,580
Overall increase in carrying amount during the year: €49m (fully consolidated entities
only; for goodwill on associates, see Note 3.2.4.1, "Investments in associates")
Gross value Impairment Carrying amount
1 January 2010 5,190 (34) 5,156
Movements during 2010
Changes in scope of consolidation 392 (1) 391
Impairment losses charged in the period (47) (47)
Translation adjustments and other movements 29 2 31
31 December 2010 5,611 (80) 5,531
Movements during 2011
Changes in scope of consolidation 28 18 46
Impairment losses charged in the period (3) (3)
Translation adjustments and other movements 6 6
31 December 2011 5,645 (65) 5,580
Split of goodwill by cash generating unit (CGU)
31 December 2011 31 December 2010
CGU
Total % (Bouygues
or subsidiaries)
Total % (Bouygues
or subsidiaries)
Bouygues Construction a 388 99.97 347 99.97
Colas b 1,069 96.55 1,063 96.62
TF1 b 1,458 43.59 1,468 43.09
Bouygues Telecom b 2,664 89.55 2,651 89.55
Other activities 1 2
Total Bouygues 5,580 5,531
(a) Only includes goodwill on subsidiaries acquired by the CGU
(b) Includes goodwill on subsidiaries acquired by the CGU and on acquisitions made at parent company (Bouygues SA) level for the CGU
Consolidated carrying amount of listed shares as at 31 December 2011 (e)
Consolidated carrying
amount per share
Closing quoted share price
at 31 December 2011
TF1 13.67 7.54 a
Colas 98.12 103.00
Alstom 50.79 23.43
Impairment tests carried out at 31 December 2011 using the methodology described in Note 2 showed no evidence
that the recoverable amount of any CGU had fallen below the carrying amount of the assets tested.
(a) €8.67 after adjustment to reflect a control premium
BOUYGUES • 2011 Registration Document • FINANCIAL STATEMENTS • 235