RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

Sensitivity of impairment tests Impairment tests are based on assumptions used to determine the discount and perpetual growth rates, as well as sensitivity testing allowing for a +/-1% variation in the perpetual growth rate and a +/-1% variation in the discount rate.

A 1% increase in the discount rate, or a 1% decrease in the growth rate, would not generate recoverable amounts for capital employed below net book value for the 5 CGUs mentioned above.

Similarly, a 5% decrease in discounted future cash flows would not change the results of the tests for the Group’s 5 CGUs.

4.3 INTANGIBLE ASSETS

ACCOUNTING POLICIES Intangible assets are accounted for at their acquisition cost.

Intangible assets with a finite useful life are amortized according to the straight-line method for the periods corresponding to their expected useful lives and are subject to an impairment test whenever events or changes in circumstances indicate that their book values may not be recoverable. In accordance with IFRS 15, the costs of obtaining contracts related to LPG distribution in France are capitalized as “Other intangible assets” and depreciated over the average useful life of the corresponding contracts (10 years).

1/1/2019 First-time application of IFRS 16 (1)

Gross value (in thousands of euros)

Changes in consolidation Acquisitions Disposals Reclassifications (2)

Translation differences

12/31/2019

12/31/2018

Port lease rights (Rubis Terminal)

2,319

(2,319)

Other concessions, patents and similar rights

22,090

1,960

661

(83)

(932)

55

23,751

Leases

1,714

(27) 220 248

1,687

35,906 62,028

117

3,115 (1,475) 3,776 (1,558)

(1,163) (2,095)

36,720 62,157

Other intangible assets (3)

TOTAL

(2,319)

2,077

1/1/2019 First-time application of IFRS 16 (1)

Depreciation (in thousands of euros)

Changes in consolidation Increases Disposals Reclassifications (2)

Translation differences

12/31/2019

12/31/2018

Other concessions, patents and similar rights Other intangible assets (3)

(7,800) (19,879) (27,679) 34,349

(1,440)

(1,563) (2,522) (4,085)

66

1,126

(11) (75) (86) 162

(9,622) (21,071) (30,693) 31,464

(116)

992

529

TOTAL

(1,556)

1,058 (500)

1,655 (440)

NET VALUE

(2,319)

521

(309)

(1) Cancellation through equity (see note 2.2). (2) Of which reclassification into group of assets held for sale, for a net amount of €0.3 million (see note 3.3). (3) Of which the costs of obtaining contracts related to LPG distribution, for a net amount of €3.5 million.

The main changes in the scope of consolidation relate to the consolidation of the KenolKobil Group.

4.4 INVESTMENTS IN ASSOCIATES

Information about non-controlling interests, investments in joint operations and investments in joint ventures is given in notes 7 to 9.

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