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PDF, 1.6 Mb - Shareholders and investors - EDF

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Financial information on assets,the financial statements <strong>and</strong> results of the CompanyNotes to the consolidated financial statementsOPERATING ASSETS AND LIABILITIES, EQUITYj Note 18 Goodwill18.1 Changes in goodwillGoodwill on consolidated entities comprises the following:(in millions of Euros) 31/12/2012 31/12/2011Net book value at opening date 11,64812,028Acquisitions 12921Disposals -(14)Impairment (note 13) (52)(655)Translation adjustments 209239Changes in scope of consolidation <strong>and</strong> other (1,522)29NET BOOK VALUE AT CLOSING DATE 10,41211,648Gross value at closing date 11,07912,775Accumulated impairment at closing date (667)(1,127)The changes in goodwill in 2012 primarily relate to:• acquisitions, including €89 million recognised after the takeover of Enerest by Électricité de Strasbourg (see note 5.3);• translation adjustments of €209 million, largely due to the rise of the Pound sterling against the Euro;• changes in the scope of consolidation, including €(1,400) million for the derecognition of Edison’s historical goodwill following determination of the fairvalue of the assets acquired <strong>and</strong> liabilities assumed in the takeover operation of 24 May 2012.The changes in goodwill in 2011 primarily related to:• impairment amounting to €(655) million, mainly concerning Edison <strong>and</strong> Dalkia;• translation adjustments of €239 million, largely due to the rise of the pound sterling against the Euro.18.2 Goodwill by operating segmentThe breakdown of goodwill is as follows:(in millions of Euros) 31/12/2012 31/12/2011<strong>EDF</strong> Energy 8,3398,260Total United Kingdom 8,3398,260Edison -1,400Total Italy -1,400<strong>EDF</strong> Luminus (Belgium) 383378ESTAG (Austria) 112112Other 110109Total Other International 605599Dalkia International 800799<strong>EDF</strong> Énergies Nouvelles 195209Other 473381Total Other activities 1,4681,389GROUP TOTAL 10,41211,64850 l <strong>EDF</strong> l Financial report 2012

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