Econocom - 2020 annual report
06 consolidated financial statements
notes to the consolidated financial statements
Goodwill and impairment 9. testing Definition of cash-generating units 9.1.
The growing proportion of international customers and the pooling of resources among business lines have led the Group to redefine the scope of its cash-generating units (CGUs) as representingits two business segments: Technology Management & Financing, andDigital Services & Solutions. A CGU is defined as the smallest identifiable group of assets that generates cash inflows
that are largely independent of the cash inflows from other assets or groups of assets. Each CGU or group of CGUs to which goodwill is allocated represents the lowest level within the Group at which goodwill is monitored for internal management purposes.
Goodwill allocation 9.2. For the purposes of the impairment tests carried out at 31 December each year, goodwill was allocated to the following cash generating units.
Technology Management & Financing
Digital Services & Solutions
Total
in € millions
2020 Goodwill at 31 December 2019
113.8
399.1
512.9
-
4.2
4.2 2.0
Reclassification to assets held for sale
2.0
-
Acquisitions
- - -
(19.5)
(19.5)
Disposals
- -
- -
Foreign currency translation adjustments
Impairment
Goodwill at 31 December 2020
115.7 115.7
383.8 388.1
499.5 503.8
of which gross amount
-
(4.3)
(4.3)
of which accumulated impairment
In 2020, goodwill from companies disposed of concerned Econocom Digital Security and Les Abeilles respectively.
193
2020 annual report
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