Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

INTANGIBLE ASSETS AND PROPERTY, PLANT AND EQUIPMENT NOTE 6

Goodwill 6.1 Movements in goodwill in 2017 and 2018 are presented below:

12/31/2018 2,895,756

12/31/2017

(In thousands of euros)

Gross carrying amount at the beginning of the period Accumulated impairment at the beginning of the period Net carrying amount at the beginning of the period

1,468,139

(8,571)

(8,690)

2,887,185 2,907,768

1,459,449

Net carrying amount at the beginning of the period, excluding IFRS 5 restatement

Acquisitions

845,509

2,270,386

Adjustments resulting from the identification or change in value of identifiable assets and liabilities subsequent to acquisition

(245,425) (312,271)

(551,860) (257,273) (33,635) 1,427,618

Disposals/Changes in consolidation scope *

Foreign currency translation

60,824

Change in gross carrying amount

348,636 (34,948)

Impairment losses

-

Disposals/Changes in consolidation scope

-

-

Foreign currency translation

16

(66)

Change in impairment

(34,932) 3,221,473 3,264,975

119

NET CARRYING AMOUNT AT THE END OF THE PERIOD Gross carrying amount at the end of the period Accumulated impairment at the end of the period

2,887,185 2,895,756

(43,503)

(8,571)

*

Including IFRS 5 impact (see Note 2.2).

The €845.5 million increase relating to acquisitions mainly comprises €257.9 million for the Eurazeo PME division, €225.7 million for the asset management activity, €189.4 million for the Eurazeo Patrimoine division and €157.3 million for the Eurazeo Capital division (solely in respect of build-ups performed by subsidiaries). Goodwill breaks down as follows:

12/31/2018

12/31/2017 134,034 557,683 234,396 326,102 205,764 755,792 2,213,771

(In thousands of euros)

Asmodee

-

Planet

505,822 236,338 387,648 213,670 845,519 15,597 15,597 40,949 151,284 192,233 598,962 598,962 2,188,997

Iberchem

Seqens

Sommet Education

WorldStrides

Eurazeo Capital division

Nest

- -

Eurazeo Brands division

Grape Hospitality

40,974

C2S

-

Eurazeo Patrimoine division

40,974 632,440 632,440

Eurazeo PME

Eurazeo PME division Eurazeo PME gestion

4,927 11,196

- - - - -

IM Global Partner

Idinvest

209,559

Other

2

Asset management activity

225,684 3,221,473

TOTAL GOODWILL

2,887,185

The goodwill resulting from the acquisition of the Idinvest, Vitaprotech and 2RH groups (Eurazeo PME) – i.e. a total of €368.6 million – and those resulting from new build-ups are in the course of allocation.

236

Eurazeo

2018 Registration Document