SECTION 1 -

Intangible assets not included in a CGU (other than goodwill)
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New Services: Pro forma Financial Statements and Notes
December, 31, 2009
The recoverable amount of intangible assets is determined solely by the discounted cash flows method (described above), due to
the absence of an active market and comparable transactions.
MEASUREMENT OF IMPAIRMENT LOSSES
If the recoverable amount is less than the carrying amount, an impairment loss is recognized in an amount corresponding to the
lower of the losses calculated by the EBITDA multiples and discounted cash flows methods. Impairment losses are recognized in
the income statement under “Non‐recurring income and expenses” (see Note 1.S.9).
REVERSAL OF IMPAIRMENT LOSSES
In accordance with IAS 36 – Impairment of Assets, impairment losses on goodwill as well as on intangible assets with a finite
useful life, such as licenses and software, are irreversible. Losses on property, plant and equipment and on intangible assets with
an indefinite useful life, such as brands, are reversible in the case of a change in estimates used to determine their recoverable
amount.
E. Inventories
Inventories are measured at the lower of cost and net realizable value, in accordance with IAS 2 – Inventories. Cost is determined
by the weighted average cost method.
F. Receivables
Trade and other receivables are initially recognized at fair value. They are subsequently measured at amortized cost, net of any
impairment losses recorded in the income statement. An impairment loss is recognized when the total amount receivable is not
recoverable in accordance with the originally agreed terms.
G. Restricted cash
Restricted cash corresponds to service voucher reserve funds. These funds, which are equal to the face value of service vouchers
in circulation, are subject to specific regulations in some countries such as France for the meal voucher and human services
voucher businesses and Romania. In particular, use of the funds is restricted and they must be clearly segregated from the
Group’s other cash. The funds remain New Services’ property and are invested in interest‐bearing financial instruments.
H. Prepaid expenses
Prepaid expenses correspond to expenses paid during the period that relate to subsequent periods. They are reported in the
balance sheet under “Other receivables and accruals”.
I. Employee benefits expense
Employee benefits expense includes all amounts paid or payable to employees, including profit‐sharing and the cost of share‐
based payments.
J. Provisions
In accordance with IAS 37 "Provisions, Contingent Liabilities and Contingent Assets", a provision is recognized when the Group
has a present obligation (legal, contractual or implicit) as a result of a past event and it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation. Provisions are determined based on the best estimate of
the expenditure required to settle the obligation.
Provisions for restructuring costs are recorded when the Group has a detailed formal plan for the restructuring and the plan's
main features have been announced to those affected by it.
Provisions for losses due to voucher theft are calculated for reported thefts based on a percentage of the stolen vouchers’
aggregate face value corresponding to the Group’s best estimate of the proportion of those vouchers that will be cashed in.