Loreal 2011 Annual Report Download - page 114

112 REGISTRATION DOCUMENT − L’ORÉAL 2011
42011 Consolidated Financial Statements
Notes to the consolidated  nancial statements
€ millions
2010 12.31.2009
Acquisitions/
Disposals
Other
movements 12.31.2010
L’Oréal Professionnel/Kérastase 328.6 2.5 12.0 343.1
Matrix 266.3 9.3 20.7 296.3
Redken/PureOlogy 419.4 2.1 46.2 467.7
Other 40.0 34.8 -42.9 31.9
Professional Products Total 1,054.3 48.7 36.0 1,139.0
L’Oréal Paris 756.6 11.5 768.1
Maybelline/Garnier 992.8 24.5 61.7 1,079.0
Softsheen Carson 50.9 -5.9 45.0
Other 35.2 49.8 -0.1 84.9
Consumer Products Total 1,835.5 74.3 67.2 1,977.0
Lancôme 767.6 7.6 775.2
Shu Uemura 123.7 28.8 152.5
YSL Beauté(1) 528.4 -8.6 519.8
Perfumes 334.0 334.0
Other 62.9 0.5 63.4
L’Oréal Luxury Total 1,816.6 28.3 1,844.9
Vichy/Dermablend(1) 264.8 3.2 268.0
Other 131.0 -16.6 114.4
Active Cosmetics Total 395.8 -13.4 382.4
Other 9.2 9.2
The Body Shop 312.5 1.9 7.4 321.8
Dermatology 42.2 13.1 55.3
Group Total 5,466.0 124.9 138.7 5,729.6
(1) After reclassification of the Roger & Gallet business from the L’Oréal Luxury Division to the Active Cosmetics Division.
2010 acquisitions mainly relate to Essie Cosmetics, C.B.
Sullivan and Peel’s Salon Services for €123.0million. The
provisional goodwill totalling €74.3million resulting from the
acquisition of Essie Cosmetics has been allocated to the Essie
Cosmetics Cash-Generating Unit (included on the “Other” line
of Consumer Products) for €49.8million, with the remainder
allocated to the Maybelline/Garnier Cash-Generating Unit
based on expected synergies for €24.5million. The goodwill
representing the difference between the acquisition cost
and Peel’s Salon Services’ identifiable assets and liabilities
is shown in full for €34.8million on the “Other” line of the
Professional Products Division, pending the final purchase
price allocation. Nosignificant disposals took place during
2010. Other movements consist mainly of a positive impact of
changes in exchange rates for €187.4million, partly offset by the
allocation of the purchase price of the American distributors
acquired in2009 for €16.3million, and by impairment losses
on Softsheen Carson for €10.0million and on Sanoflore for
€20.4million (included in the “Other” line of Active Cosmetics).
Impairment losses have been recorded against these Cash-
Generating Units as their performance did not meet forecasts.
The accumulated impairment losses relating to Softsheen
Carson, Yue Sai and Sanoflore amount to €103.2million,
€27.6million and €30.4million, respectively, at December31st,
2010.