GENERAL MEETING DRAFT - Bankier.pl

In accordance with the provisions of IFRS 3 and IAS 36, for the purposes of impairment testing, goodwill
was allocated to the following operational Divisions of the Group, identified as CGUs:
� Retail which focuses on Mass Market, Affluent and Small Business customers, regardless of
their geographical location;
� Corporate & Investment Banking (formerly Corporate and Markets & Investment Banking)
which includes the following:
- businesses with minimum annual turnover of �3 million;
- Group activities on the financial markets and in the Investment Banking sector (e.g. trading,
distribution, structured derivatives, financing and loan syndication, mergers and acquisitions,
private equity portfolio management, direct investments in the capital of both listed and
unlisted companies, etc.);
� Private Banking which targets private customers with medium to high financial assets, providing
them with advisory and asset management services. Uses both traditional channels typical of the
customer segment (private bankers) as well as innovative distribution models (networks of
financial advisors and banking services, and online trading);
� Asset Management specializes in preserving and increasing the value of customers’
investments through a number of innovative financial solutions (mutual funds, asset
�
management, portfolio for institutional investors, etc.);
Central Eastern Europe (CEE) includes the Group's activities in the countries of Central Eastern
Europe (excluding Poland); includes the activities in Kazakhstan and Ukraine which are subject
to specific valuation;
� Poland’s Markets includes the Group's activities in Poland;
� Group parent and other companies.
The CGU represent the lowest point at which goodwill is monitored at Group level. The identified CGU
correspond to the organizational business units through which the Group develops its business and
provides information about the sector. With regard to the Central Eastern Europe (CEE) CGU, additional
tests were carried out with reference to the individual countries where the Group operates. The allocation
methodology adopted accounted for the synergies and the expected results of those organizational units.
Goodwill is allocated to the different CGU in two distinct steps:
� The first identifies the goodwill as the difference between the fair value of the acquisition recorded
in the balance of the individual buyer and the net assets at fair value, resulting from application of
the purchase price method to the assets, liabilities and estimated contingent liabilities evaluated at
fair value of the acquired entity (excluding minority interests). This step also accounts for all the
fair values resulting from transfers of companies or branches occurring within the Group as long
as the purchase price agreement remains provisional.
� The second allocates the weighted residual goodwill to the CGU depending on the relative fair
values.
The entire amount of goodwill has been allocated to the various CGU.
Book value of the CGU
The book value of the CGU is determined in a manner consistent with the criterion by which the
recoverable amount of the latter is determined. The recoverable amount of the CGU includes cash flows
from related assets and liabilities, therefore the book value must also include the financial assets and
liabilities that are generating these flows.
The carrying value of each CGU is determined based on its contribution to consolidated net assets,
including the portion pertaining to minority interests. Specifically, the book value of the CEE and Poland’s
Markets CGU was determined by summing the individual book values of each company on the
consolidated financial statements (corresponding to their shareholders' equity), including any intangibles
recorded at the time of acquisition (net of amortization and successive impairments) and the consolidation
entries.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
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