105
104
Annual Financial Statements
4.2 Goodwill
Goodwill is allocated to the group’s cash-generating groups identified according to business segment.
Entity
Goodwill per Cash Generating Units
31/12/2014
ΜΕΤΚΑ S.A.
141,529,000
KORINTHOS POWER S.A.
20,835,000
PROTERGIA S.A.
14,195,000
APE KARYSTIAS S.A.
13,559,000
ALUMINIUM OF GREECE S.A.
12,889,000
ANEMORACHI S.A.
2,884,000
ANEMODRASI S.A.
2,646,000
ELEMKA S.A.
635,000
DROSCO HOLDING LTD
2,000
Solien HELLENIC FOTOVOLTAIKH
138,000
Total
209,312,000
MYTILINEOS GROUP
(Amounts in thousands
€
)
Software Land Restoration Licenses Other intangible
assets
Total
Gross Book Value
9,084
50,088
229,699
48,089
336,961
Accumulated depreciation and/or impairment
(8,405)
(43,176)
(7,429)
(33,179)
(92,189)
Net Book Value as at
1/1/2013
679
6,912
222,270
14,911
244,772
Gross Book Value
9,273
52,554
231,011
50,101
342,939
Accumulated depreciation and/or impairment
(8,725)
(44,447)
(12,555)
(32,505)
(98,232)
Net Book Value as at
31/12/2013
548
8,108
218,455
17,596
244,706
Gross Book Value
9,485
55,934
232,423
38,048
335,890
Accumulated depreciation and/or impairment
(8,845)
(45,604)
(17,317)
(23,197)
(94,963)
Net Book Value as at
31/12/2014
639
10,330
215,106
14,851
240,927
MYTILINEOS GROUP
(Amounts in thousands
€
)
Software Land Restoration Licenses Other intangible
assets
Total
Net Book Value as at
1/1/2013
679
6,912
222,270
14,911
244,772
Additions
495
2,466
93
2,506
5,560
Sales - Reductions
(250)
-
-
(177)
(427)
Depreciation
(397)
(1,271)
(4,099)
317
(5,450)
Reclassifications
22
-
192
40
253
Net Book Value as at
31/12/2013
548
8,108
218,455
17,596
244,706
Additions
137
3,379
1,413
210
5,140
Sales - Reductions
(5)
-
-
(2,283)
(2,288)
Sale Of Subsidiary
(9)
-
-
(4)
(13)
Depreciation
(260)
(1,156)
(4,762)
(668)
(6,847)
Reclassifications
228
-
-
-
228
Net Book Value as at
31/12/2014
639
10,330
215,106
14,851
240,927
4.3 Intangible Assets
The Group performs impairment tests for
goodwill on an annual basis. The recover-
able amount of the recognized goodwill,
was assessed using their value in use. The
“value in use” was determined based on
management estimates. For the calcula-
tion of the value in use the discounted cash
flows method was used.
(Amounts in thousands
€
)
Metallurgy Constructions Energy Others Continuing
Operations (Total)
Discontinuing
Operations (Total) Total Segment
Gross Book Value
12,889
142,166
54,258
-
209,313
-
209,313
Accumulated depreciation
and/or impairment
-
-
-
-
-
-
-
Net Book Value as at
1/1/2013
12,889
142,166
54,258
-
209,313
-
209,313
Gross Book Value
12,889
142,166
54,258
-
209,313
-
209,313
Accumulated depreciation
and/or impairment
-
-
-
-
-
-
-
Net Book Value as at
31/12/2013
12,889
142,166
54,258
-
209,313
-
209,313
Gross Book Value
12,889
142,166
54,258
-
209,313
-
209,313
Accumulated depreciation
and/or impairment
-
-
-
-
-
-
-
Net Book Value as at
31/12/2014
12,889
142,166
54,258
-
209,313
-
209,313
(Amounts in thousands
€
)
Metallurgy Constructions Energy Others Continuing
Operations (Total)
Discontinuing
Operations (Total) Total Segment
Net Book Value as at
1/1/2013
12,889
142,166
54,258
-
209,313
-
209,313
Additions
-
-
222
-
222
-
222
Sales - Reductions
-
-
(222)
-
(222)
-
(222)
Net Book Value as at
31/12/2013
12,889
142,166
54,258
-
209,313
-
209,313
Additions
-
-
-
-
-
-
-
Sales - Reductions
-
-
-
-
-
-
-
Net Book Value as at
31/12/2014
12,889
142,166
54,258
-
209,313
-
209,313
