VINCI - 2008 annual report

Consolidated fi nancial statements
10. Goodwill
Changes in the year were as follows:
(in € millions) 31/12/2008 31/12/2007
Net at the beginning of the year 3,382.5 2,636.5
Goodwill recognised during the year 288.7 770.6
Impairment losses (22.2) (6.0)
Currency translation diff erences (73.7) (18.5)
Entities no longer consolidated (2.7) (6.5)
Other movements 6.3 6.4
Net at the end of the year 3,578.9 3,382.5
The main items of goodwill at 31 December 2008 were as follows:
(in € millions) Gross
206 VINCI __ 2008 ANNUAL REPORT
31/12/2008 31/12/2007
Impairment
losses Net Net
ASF Group 1,934.7 1,934.7 1,934.7
VINCI Park (formerly Sogeparc and Finec) 343.3 343.3 343.3
Entrepose Contracting 200.9 200.9 201.5
Solétanche Bachy 179.0 179.0 169.7
Nuvia (formerly Nukem) 119.2 119.2 155.4
ETF 105.3 105.3
Taylor Woodrow Construction 80.2 80.2
Etavis 75.9 75.9 76.0
Other goodwill items individually less than €50 million (*) 603.3 (62.9) 540.4 501.9
Total 3,641.8 (62.9) 3,578.9 3,382.5
(*) Net value for individual entities, in each of the two years.
The impairment tests performed in the year resulted in recognition of an impairment loss in respect of the goodwill in Euromark for €20 million.