SCH2017_DRF_EN_Livre.indb

5 Consolidated financial statements at December 31, 2017 Notes to the consolidated financial statements

11.2 – Movements during the year The main movements during the year are summarized as follows:

Full year 2017

Full year 2016

Net goodwill at opening

17,785

17,781

Acquisitions Disposals Impairment

716

9

(536)

(384)

-

-

Translation adjustment

(1,489)

379

Reclassifications

(53)

-

Net goodwill at year end

16,423

17,785

Included cumulative impairment

(354)

(392)

Acquisitions Goodwill generated by acquisitions made during the year totalled EUR716 million, mainly from ASCO preliminary goodwill, allocated to the CGU Low Voltage (Building). Goodwill disposals in 2017 totalled EUR536 million and mainly relate to the disposal of Telvent DTN business.

Impairment tests performed on all the Group’s CGUs have not led to impairment losses being recognized. Other changes Translation adjustments concern principally goodwill in US dollars.

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

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