XXXII. Depreciation, amortisation and impairment losses

In detail:

XXXII. Depreciation, amortisation and impairment losses

The new consolidated entities contributed €22,457k, including €20,561k for the amortisation of intangible assets recognised upon allocation of the price paid for their acquisition. At constant exchange rates the increase would have been €56,958k.

Impairment losses were recognised in 2008 in the amount of €9,494k, following tests of the recoverability of carrying amounts on the basis of the projected cash flows of each cash generating unit.

The following table provides a breakdown by type of asset:

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Goodwill impairment of €235k concerns a store for which key money was paid upon acquisition. See notes VII and IX for details of the assumptions and criteria used to measure impairment.