Consolidated financial statements
1
3
LISI 2014FINANCIALREPORT
I
51
December 31, 2013
Discount rate
Perpetuity growth 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 itsunderlying
confidentialnature
USAunit
7.50% 1,150
2% (2,200)
(70%)
(1,290)
Specialproducts
7.50% 3,350
2% NA
(87%)
(2,806)
Structural components
7.50%
40
2% (50)
(8%)
(70)
LISIAUTOMOTIVE
Threaded fasteners
8.75%
205
1.90% (345)
(24%)
(239)
Clippedsolutions
8.75%
5
1.90% (10)
(1%)
(10)
LISIMEDICAL
LISIMEDICAL
7.75%
15
2% (20)
(2%)
(32)
b)Other intangibleassets
(in€'000)
Concessions, brevets
et droits similaires
Autres
immobilisations
incorporelles *
TOTAL
GrossvaluesatDecember31,2013
44,137
16,487
60,624
Othernetchanges
1,565
(936)
629
Acquisitions
2,984
4,176
7,160
Disposals
(474)
(474)
Scopechanges
5,362
73
5,435
Exchangeratespreads
31
47
78
GrossvaluesatDecember31,2014
53,605
19,847
73,452
DepreciationatDecember31,2013
37,457
9,492
46,949
Depreciationallowance
4,030
1,379
5,409
Depreciationreversals
(151)
(304)
(455)
Scopechanges
5,145
(13)
5,132
Exchangeratespreads
22
44
66
DepreciationatDecember31,2014
46,503
10,598
57,101
NetvaluesatDecember31,2014
7,102
9,250
16,349
* IncludingtheRapidbrand.
TheRAPIDbrandwasvaluedwhenthecompanywasacquired inAugust
2000at its fairvalueof€8.3m,basedonan independentvaluation.Since
2003, ithasbeendecidedtoamortize itoveraperiodof15years,giventhe
commercialusageperiodenvisagedtodate.
The scopemovements concern the entry of theManoir Group in June
2014.
