LISI 2012 FINANCIAL REPORT
46
3
Consolidated financial statements
Changes in currency exchange rate only concern LISI AEROSPACE
and result from translation differentials on the dollar.
The €3,400K impairment recorded at December 31, 2012
concerns the Clipped Solutions business unit of the LISI
AUTOMOTIVE division.
As at December 31, 2012, the net value of goodwill broke down as follows:
In €m
LISI AEROSPACE
Europe Unit
B.U
Engines and
critical parts
Europe B.U
USA Unit
B.U
Engines and
critical parts
North America
B.U
Special
products B.U
Structural
components
B.U.
Total
Net goodwill
1.1
3.3
20.0
7.5
38.9
70.8
Intangible fixed assets with an
undetermined useful life
None
None
None
None
None
None
Result of the impairment test
NA - no sign
of impairment
NA - no sign
of impairment
No
impairment
NA - no sign
of impairment
No
impairment
No
impairment
Key assumptions
Cash flow within one year
Forecasts
Forecasts
Forecasts
Cash flow within four years
Year strategic
plan
Year strategic
plan
Year strategic
plan
Discount rate after tax
7.00%
7.00%
7.00%
Growth rate of flows not
covered by the assumptions
and
2.50%
2.50%
2.50%
In €m
LISI AUTOMOTIVE
Threaded fasteners
B.U.
Mechanical components
B.U.
Clipped solutions
B.U.
Total
Net goodwill
20.1
1.4
40.3
61.7
Intangible fixed assets with an
undetermined useful life
None
None
None
Trademarks
None
None
4.4
4.4
Result of the impairment test
No impairment
NA - no sign
of impairment
Impairment
€3.4 million
Key assumptions
Cash flow within one year
Forecasts
Forecasts
Cash flow within four years
Year strategic plan
Year strategic plan
Discount rate after tax
8.50%
8.50%
Growth rate of flows not
covered by the assumptions
and
2.50%
2.50%
