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