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9 OODWILL AND INTANIBLE ASSETS ONTINUED
For the sgnfcant Us, the followng key assumptons were used n the dscounted cash flow proectons
Foods
Europe
Foods
The
Amercas
Foods
Asa/
AMET/RUB
Long-term sustanable growth rates 00% 26% 40%
Average near-term nomnal growth rates 02% 40% 56%
Average operatng margns 20% – 23% 16% 11%
The growth rates and margns used to estmate future performance are based on past performance and our experence of growth rates
and margns achevable n our key markets
The proectons covered a perod of fve years, as we beleve ths to be the most approprate tmescale over whch to revew and consder
annual performances before applyng a fxed termnal value multple to the fnal year cash flows
The growth rates and other key assumptons used are consstent wth the prudent end of the range of estmates from our annual forecast
and three year strategc plan extended to year 4 and 5
We have performed senstvty analyses around the base assumptons and have concluded that no reasonable possble changes n key
assumptons would cause the recoverable amount of the sgnfcant Us to be less than the carryng value
10 PROPERTY, PLANT AND EQUIPMENT
Property, plant and equpment s measured at cost ncludng elgble borrowng costs less deprecaton and accumulated mparment
losses
Deprecaton s provded on a straght-lne bass over the expected average useful lves of the assets Resdual values are revewed at
least annually Estmated useful lves by maor class of assets are as follows
• Freehold buldngs (no deprecaton on freehold land) 40 years
• Leasehold land and buldngs 40 years (or lfe of lease f less)
• Plant and equpment 2-20 years
Property, plant and equpment s subect to revew for mparment f trggerng events or crcumstances ndcate that ths s
necessary If an ndcaton of mparment exsts, the asset’s or cash generatng unt’s recoverable amount s estmated and any
mparment loss s charged to the ncome statement as t arses
Movements durng 2015
 mllon
Land and
buldngs
 mllon
Plant and
equpment
 mllon
Total
ost
1 January 2015 4,200 14,714 18,914
Acqustons of group companes 40 13 53
Dsposals of group companes – (5) (5)
Addtons 369 1,513 1,882
Dsposals (64) (723) (787)
urrency retranslaton 37 (5) 32
Reclassfcaton as held for sale (31) (141) (172)
31 December 2015 4,551 15,366 19,917
Accumulated amortsaton and mparment
1 January 2015 (1,346) (7,096) (8,442)
Dsposals of group companes – 2 2
Deprecaton for the year (120) (977) (1,097)
Dsposals 31 620 651
urrency Translaton (29) (29) (58)
Reclassfcaton as held for sale 21 64 85
31 December 2015 (1,443) (7,416) (8,859)
Net Book Value as at 31 December 2015 3,108 7,950 11,058(a)
Includes payments on account and assets n course of constructon 217 1,334 1,551
(a) Includes 270 mllon (2014 259 mllon) of freehold land
The roup has commtted to captal expendture of 535 mllon (2014 640 mllon)
111Unilever Annual Report and Accounts 2015 Financial statements