Loreal 2011 Annual Report Download - page 118
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116 REGISTRATION DOCUMENT − L’ORÉAL 2011
42011 Consolidated Financial Statements
Notes to the consolidated nancial statements
NOTE13 Impairment tests on intangible assets
Impairment tests of Cash-Generating Units for which the carrying amount of goodwill and intangible assets with indefinite useful
lives is significant, are carried out based on the following data and assumptions:
€ millions
Net carrying amount
of goodwill and brands
with indefinite useful lives
Discount rate (%)
International
excluding USA USA
2011 test
Maybelline/Garnier 1,102.7 7.9 8.9
The Body Shop 826.6 7.9 (1)
Lancôme 780.8 7.9 8.9
L’Oréal Paris 773.8 7.9 8.9
Matrix 624.1 7.9 8.9
Redken 555.6 7.9 8.9
YSL Beauté 519.8 7.9 (1)
2010 test
Maybelline/Garnier 1,079.0 7.9 8.9
The Body Shop 802.9 7.9 (1)
Lancôme 775.2 7.9 8.9
L’Oréal Paris 768.1 7.9 8.9
Matrix 570.8 7.9 8.9
Redken 528.8 7.9 8.9
YSL Beauté 519.8 7.9 (1)
2009 test
Maybelline/Garnier 992.8 7.9 8.9
The Body Shop 779.2 7.9 (1)
Lancôme 767.6 7.9 8.9
L’Oréal Paris 756.6 7.9 8.9
YSL Beauté(2) 528.4 7.9 (1)
Matrix 525.8 7.9 8.9
Redken 476.2 7.9 8.9
(1) Since the USD amounts for the YSL Beauté and The Body Shop CGUs are not material, no specific discount rate has been used in this respect.
(2) After reclassification of the Roger & Gallet business from the L’Oréal Luxury Division to the Active Cosmetics Division.
At December31st, 2011, the impact of a 1-point increase in
the discount rate on all Cash-Generating Units would be an
impairment loss of around €21.3million.
The terminal growth rate is consistent in accordance with
market data,
i.e.
3%.
The impact of a 1-point decrease in the terminal growth rate
on all Cash-Generating Units would be an impairment loss of
around €12.7million.