LISI FINANCIALREPORT2013 I
45
CONSOLIDATEDFINANCIALSTATEMENTS
3
thesecalculationparameters:
Sensitivityof recoverable amounts
December 31, 2013
Discount rate
Perpetuitygrowth rate
Cash flow
EBITDA rate
Rate
used
(as a%)
Increase in the
discount rate
necessary so that
the recoverable
amount is equal to
the book value (in
points)
Rate
used
(as a%)
Decrease in infinite
growth rate
necessary so that
the recoverable
amount is equal
to the book value
(in points)
Decrease in cash
flows necessary
so that the
recoverable
amount is equal
to the book
value (in%)
Rate
used
(as a%)
Decrease in
the EBITDA
rate necessary
so that the
recoverable
amount is equal
to the book value
(in points)
LISIAEROSPACE
Undisclosedbecauseof its
underlyingconfidentialnature
USAunit
7.50% 1,150
2% (2,200)
(70%)
(1,290)
Specialproducts
7.50% 3,350
2% Not concerned
(87%)
(2,806)
Structural components 7.50%
40
2%
(50)
(8%)
(70)
LISIAUTOMOTIVE
Screwed fasteners
8.75%
205
1.90% (345)
(24,50%)
(239)
Clipsolutions
8.75%
5
1.90%
(10)
(1%)
(10)
LISIMEDICAL
LISIMEDICAL
7.75%
15
2%
(20)
(2%)
(32)
b)Other intangibleassets
(in€'000)
Concessions, patents and
similar copyrights
Other intangible assets*
TOTAL
GrossvaluesatDecember31,2012
41,740
14,829
56,570
Othernetchanges
468
(507)
(38)
Acquisitions
2,028
2,206
4,234
Disposals
(80)
(80)
Scopechanges
2
2
Exchangeratespreads
(21)
(42)
(63)
GrossvaluesatDecember31,2013
44,137
16,487
60,624
DepreciationatDecember31,2012
33,955
8,563
42,518
Depreciationallowance
3,614
1,330
4,944
Depreciationreversals
(93)
(360)
(453)
Scopechanges
Exchangeratespreads
(19)
(41)
(60)
DepreciationatDecember31,2013
37,457
9,492
46,949
NetvaluesatDecember31,2013
6,680
6,996
13,675
* IncludingtheRapidbrand.
Sensitivity tests for the assumptions retained were undertaken and
related to the major indicators factoring into these value tests:
discounting rates and growth rates to infinity are elements which
contributetothecash flows.Thesesensitivitytestsshowedthatthe limit
betweenthevalue inuseandthenetasset isattained forthevariation in
