Details of impairment recognised and reversed are as follows:
(in millions of euros) | Notes | 2020 | 2019* |
|---|---|---|---|
| Impairment of goodwill | Impairment of goodwill Notes 10.1 | Impairment of goodwill 2020(31) | Impairment of goodwill 2019* (57) |
| Impairment of other intangible assets | Impairment of other intangible assets Notes 10.2 | Impairment of other intangible assets 2020(85) | Impairment of other intangible assets 2019* (47) |
| Impairment of tangible assets | Impairment of tangible assets Notes 10.3-10.5 | Impairment of tangible assets 2020(683) | Impairment of tangible assets 2019* (299) |
| IMPAIRMENT NET OF REVERSALS | IMPAIRMENT NET OF REVERSALS Notes
| IMPAIRMENT NET OF REVERSALS2020(799) | IMPAIRMENT NET OF REVERSALS 2019* (403) |
* Restated for the impacts of IFRS 5 due to the change in scope of E&P operations (see note 1.4.2).
Impairment recognised at 31 December 2019 amounted to €(403) million and concerned:
Impairment of €73 million was also booked at 31 December 2019 in respect of associates (see note 12).
Impairment recognised in 2020 amounts to €799 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 2020, 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 (in millions of euros) | WACC after tax | Growth rate to infinity | Impairment 2020 (in millions of euros) |
|---|---|---|---|---|---|
| United Kingdom | United Kingdom Cash-Generating Unit or asset EDF Energy goodwill | United Kingdom Net book value (in millions of euros)7,569 | United Kingdom WACC after tax 6.0% | United Kingdom Growth rate to infinity - (1) | United Kingdom Impairment 2020 (in millions of euros)- |
| Italy | Italy Cash-Generating Unit or asset Edison brand | Italy Net book value (in millions of euros)945 | Italy WACC after tax 6.5% | Italy Growth rate to infinity 2.0% | Italy Impairment 2020 (in millions of euros)- |
Cash-Generating Unit or asset Framatome goodwill |
Net book value (in millions of euros)1,332 |
WACC after tax 6.1% |
Growth rate to infinity 0.5% | Impairment 2020 (in millions of euros) - | |
| Framatome | Framatome Cash-Generating Unit or asset Framatome brand | Framatome Net book value (in millions of euros)151 | Framatome WACC after tax 6.1% | Framatome Growth rate to infinity 0.5% | Framatome Impairment 2020 (in millions of euros)- |
Cash-Generating Unit or asset Dalkia goodwill |
Net book value (in millions of euros)547 |
WACC after tax 4.3% |
Growth rate to infinity 1.4% | Impairment 2020 (in millions of euros) - | |
Cash-Generating Unit or asset Goodwill of DES Grooman engineering subsidiary in the US (2) |
Net book value (in millions of euros)26 |
WACC after tax 6.1% |
Growth rate to infinity 1.5% | Impairment 2020 (in millions of euros) (26) | |
| Dalkia | Dalkia Cash-Generating Unit or asset Dalkia brand | Dalkia Net book value (in millions of euros)141 | Dalkia WACC after tax 4.3% | Dalkia Growth rate to infinity 1.4% | Dalkia Impairment 2020 (in millions of euros)- |
| Other impairment | Other impairment Cash-Generating Unit or asset
| Other impairment Net book value (in millions of euros)
| Other impairment WACC after tax
| Other impairment Growth rate to infinity
| Other impairment Impairment 2020 (in millions of euros)(5) |
| IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES | IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES Cash-Generating Unit or asset
| IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES Net book value (in millions of euros)
| IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES WACC after tax
| IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES Growth rate to infinity
| IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVESImpairment 2020 (in millions of euros)(31) |
(1)The impairment test of EDF Energy goodwill covers the useful life of industrial assets, with no projection to infinity.
(2)Impairment booked at 30 June 2020.
