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CONSOLIDATED FINANCIAL STATEMENTS
56
LISI 2015 FINANCIAL REPORT
December 31, 2014
Discount rate
Infinite 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 basis points)
Rate
used
(as a %)
Decrease in
infinite growth
rate necessary
so that the
recoverable
amount is equal
to the book value
(in basis 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 basis points)
LISI AEROSPACE
Undisclosed because of its underlying
confidential nature
USA unit
7.42%
854
2% (1,400)
(62%)
(1,140)
Special products
7.42% 3,426
2% (160,060)
(86 %)
(3,030)
Extrusion Forming
and Sheet Metal
7.42%
29
2%
(44)
(6%)
(50)
LISI AUTOMOTIVE
Threaded fasteners 8.72%
108
1.90%
(180)
(14%)
(130)
Clipped solutions 8.72%
35
1.90%
(52)
(5%)
(60)
LISI MEDICAL
LISI MEDICAL
7.51%
48
2%
(60)
(8%)
(96)
b) Other intangible assets
(in €'000)
Concessions, patents
and similar rights
Other intangible
fixed assets *
TOTAL
Gross values at December 31, 2014
53,605
19,847
73,452
Other net changes
3,868
(2,999)
869
Acquisitions
2,340
2,839
5,179
Disposals
(1,134)
(200)
(1,334)
Scope changes
Exchange rate spreads
24
3
27
Gross values at December 31, 2015
58,703
19,490
78,193
Depreciation at December 31, 2014
46,503
10,598
57,101
Depreciation allowance
4,402
3,491
7,893
Depreciation reversals
(1,133)
(611)
(1,744)
Scope changes
Exchange rate spreads
18
18
Depreciation at December 31, 2015
49,790
13,478
63,268
Net values at December 31, 2015
8,913
6,013
14,923
* Including the Rapid brand.
The Rapid brand was valued when the company was acquired
in August 2000 at its fair value of €8.3 million, based on an
independent valuation. Since 2003, it has been decided to
amortize it over a period of 15 years, given the commercial
usage period envisaged to date.