SCH2017_DRF_EN_Livre.indb

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

Development projects (R&D)

Trademarks

Software

Other

Total

NET VALUE Dec. 31, 2015 Dec. 31, 2016 DEC. 31, 2017

2,241 2,308 2,117

151 123

1,252 1,295 1,181

1,082

4,726 4,574 4,335

848 938

99

In 2017, change in intangible assets is mainly related to R&D capitalized development costs for EUR298 million. The amortization and impairment of intangible assets other than goodwill restated at statutory cash flow were as follows:

Cash impact

Dec. 31, 2017

Dec. 31, 2016*

Amortization of intangible assets other than goodwill

399

447

Impairment on intangible assets other than goodwill and others

91

82

TOTAL**

490

529

* 2016 figures were restated for discontinued operations disclosed in note 1. ** Includes amortization & impairment of intangible assets from purchase price allocation for EUR140 million for the year 2017 and EUR151 million for the year 2016 (disclosed in note 8).

12.2 – Trademarks At December 31, 2017, the main trademarks recognized were as follows:

Dec. 31, 2017

Dec. 31, 2016

APC (Secure Power (IT) )

1,533

1,745

Clipsal (Low Voltage (Building) ) Asco (Low Voltage (Building) ) * Pelco (Low Voltage (Building) )

166 132 117

174

-

158

Invensys – Triconex and Foxboro (Industrial Automation (Industry) )

46 40 83

52 44

Digital (Industrial Automation (Industry) )

Other

134

NET

2,117

2,308

* Preliminary trademark assessment.

The brand Pelco has been impaired for a total of EUR318 million since its acquisition by the Group. All the above trademarks are considered to have an indefinite life.

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