Details of impairment recognised and reversed are as follows:
(in millions of euros) | Notes | 2019 | 2018 |
---|---|---|---|
Impairment of goodwill | Impairment of goodwill Notes 21 | Impairment of goodwill 2019 (57) | Impairment of goodwill 2018 - |
Impairment of other intangible assets | Impairment of other intangible assets Notes 22 | Impairment of other intangible assets 2019 (47) | Impairment of other intangible assets 2018 (52) |
Impairment of tangible assets | Impairment of tangible assets Notes 24-25 | Impairment of tangible assets 2019 (299) | Impairment of tangible assets 2018 (238) |
IMPAIRMENT NET OF REVERSALS | IMPAIRMENT NET OF REVERSALS 2019 (403) | IMPAIRMENT NET OF REVERSALS 2018 (290) |
*Restated for the impacts of IFRS 5 concerning the discontinued E&P operations (see note 2.3).
In 2018, the €(290) million of impairment recorded concerned:
Impairment of €(39) million was also booked at 31 December 2018 in respect of associates (see note 26).
Impairment recognised in 2019 amounts to €(403) million. Details are given below.
The following tables present the results of impairment tests carried out on the main goodwill, intangible assets with indefinite useful lives and other Group assets in 2019, and some of the key assumptions used.
For application of IFRS 16 at 1 January 2019, where relevant the Group adapted the impairment test methodology as appropriate to the specific features of each CGU.
Operating segment | Cash-Generating Unit or asset | Net book value | WACC after tax | Growth rate to infinity | Impairment 2019 |
---|---|---|---|---|---|
United Kingdom | United Kingdom Cash-Generating Unit or asset EDF Energy goodwill | United Kingdom Net book value 7,653 | United Kingdom WACC after tax 6.0% | United Kingdom Growth rate to infinity - | United Kingdom Impairment 2019 - |
Cash-Generating Unit or asset Edison brand | Net book value 945 | WACC after tax 6.1% | Growth rate to infinity 2.0% | Impairment 2019 - | |
Italy | Italy Cash-Generating Unit or asset Zephyro goodwill (energy services) | Italy Net book value 17 | Italy WACC after tax 6.1% | Italy Growth rate to infinity - | Italy Impairment 2019 (17) |
Framatome | Framatome Cash-Generating Unit or asset Framatome goodwill | Framatome Net book value 1,326 | Framatome WACC after tax 5.7% | Framatome Growth rate to infinity 0.5% | Framatome Impairment 2019 - |
Cash-Generating Unit or asset Dalkia goodwill | Net book value 555 | WACC after tax 4.3% | Growth rate to infinity 1.7% | Impairment 2019 - | |
Cash-Generating Unit or asset Poland CGU goodwill | Net book value 8 | WACC after tax 6.3% | Growth rate to infinity 1.7% | Impairment 2019 (8) | |
Cash-Generating Unit or asset Dalkia Wastenergy goodwill | Net book value 5 | WACC after tax - | Growth rate to infinity - | Impairment 2019 (5) | |
Dalkia | Dalkia Cash-Generating Unit or asset Dalkia brand | Dalkia Net book value 137 | Dalkia WACC after tax 4.8% | Dalkia Growth rate to infinity 1.7% | Dalkia Impairment 2019 - |
EDF Renewables | EDF Renewables Cash-Generating Unit or asset Futuren goodwill (Germany) | EDF Renewables Net book value 17 | EDF Renewables WACC after tax 4.25% | EDF Renewables Growth rate to infinity 1.5% | EDF Renewables Impairment 2019 (17) |
Other impairment | Other impairment Impairment 2019 (10) | ||||
Operating segment IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES | Cash-Generating Unit or asset (57) |