Goodwill |
|
|
|
|
|
|
|
|
03/31/2018 |
|
03/31/2019 |
|
03/31/2020 |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
Gross carrying amount |
|
1,558.2 |
|
1,560.6 |
|
1,563.6 |
Impairment losses |
|
–12.3 |
|
–12.3 |
|
–68.7 |
Carrying amount |
|
1,545.9 |
|
1,548.3 |
|
1,494.9 |
|
|
|
|
|
|
|
In millions of euros |
||||||
The following table shows the reconciliation of the carrying amounts of goodwill for the periods presented in the Consolidated Financial Statements as of March 31, 2020:
|
|
Goodwill |
|---|---|---|
|
|
|
Carrying amount as of April 1, 2018 |
|
1,545.9 |
|
|
|
Additions |
|
0.0 |
Disposals |
|
0.0 |
Net exchange differences |
|
2.4 |
Carrying amount as of March 31, 2019 |
|
1,548.3 |
|
|
|
Additions |
|
2.6 |
Disposals |
|
0.0 |
Impairment losses |
|
–56.5 |
Net exchange differences |
|
0.4 |
Carrying amount as of March 31, 2020 |
|
1,494.9 |
|
|
|
In millions of euros |
||
Details on the impairment of goodwill are explained in Chapter 11. Impairment losses and reversal of impairment losses.
Other intangible assets |
||||||||
|
|
Brands |
|
Other |
|
Advance payments or payments in progress |
|
Total |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
227.6 |
|
1,349.3 |
|
34.9 |
|
1,611.8 |
Accumulated amortization and impairment |
|
–36.6 |
|
–1,179.2 |
|
0.0 |
|
–1,215.8 |
Carrying amount as of April 1, 2018 |
|
191.0 |
|
170.1 |
|
34.9 |
|
396.0 |
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
227.6 |
|
1,362.6 |
|
49.2 |
|
1,639.4 |
Accumulated amortization and impairment |
|
–42.3 |
|
–1,202.0 |
|
0.0 |
|
–1,244.3 |
Carrying amount as of March 31, 2019 |
|
185.3 |
|
160.6 |
|
49.2 |
|
395.1 |
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
227.6 |
|
1,437.3 |
|
3.3 |
|
1,668.2 |
Accumulated amortization and impairment |
|
–48.0 |
|
–1,281.6 |
|
0.0 |
|
–1,329.6 |
Carrying amount as of March 31, 2020 |
|
179.6 |
|
155.7 |
|
3.3 |
|
338.6 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
The “Brands” column contains brands with an indefinite useful life in the amount of EUR 170.6 million. It also includes a capital market funding advantage associated with the brand name Böhler-Uddeholm. The amortization period of the capital market funding advantage is ten years.
Intangible assets with an unlimited useful life
The following CGUs and groups of CGUs contain brands with an indefinite useful life:
|
|
2018/19 |
|
2019/20 |
|---|---|---|---|---|
|
|
|
|
|
High Performance Metals Division |
|
155.4 |
|
155.4 |
|
|
|
|
|
Welding Consumables |
|
12.6 |
|
12.6 |
Total Metal Engineering Division |
|
12.6 |
|
12.6 |
|
|
|
|
|
Precision Strip |
|
2.6 |
|
2.6 |
Total Metal Forming Division |
|
2.6 |
|
2.6 |
|
|
|
|
|
voestalpine Group |
|
170.6 |
|
170.6 |
|
|
|
|
|
In millions of euros |
||||
The period during which these trademarks are expected to generate cash flows is not subject to a foreseeable limit. Hence trademarks are not subject to wear and tear and are not amortized. No impairments have arisen.
The following table shows the reconciliation of the carrying amounts of the other intangible assets for the periods presented in the Consolidated Financial Statements as of March 31, 2020:
|
|
Brands |
|
Other |
|
Advance payments or payments in progress |
|
Total |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
Carrying amount as of April 1, 2018 |
|
191.0 |
|
170.1 |
|
34.9 |
|
396.0 |
|
|
|
|
|
|
|
|
|
Changes in the scope of consolidation |
|
0.0 |
|
0.9 |
|
0.0 |
|
0.9 |
Additions |
|
0.0 |
|
13.8 |
|
17.0 |
|
30.8 |
Transfers |
|
0.0 |
|
8.5 |
|
–2.5 |
|
6.0 |
Disposals |
|
0.0 |
|
0.0 |
|
–0.2 |
|
–0.2 |
Amortization |
|
–5.7 |
|
–41.4 |
|
0.0 |
|
–47.1 |
Impairment losses |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
Reversal of impairment losses |
|
0.0 |
|
6.9 |
|
0.0 |
|
6.9 |
Net exchange differences |
|
0.0 |
|
1.8 |
|
0.0 |
|
1.8 |
Carrying amount as of March 31, 2019 |
|
185.3 |
|
160.6 |
|
49.2 |
|
395.1 |
|
|
|
|
|
|
|
|
|
Changes in the scope of consolidation |
|
0.0 |
|
0.9 |
|
0.0 |
|
0.9 |
Additions |
|
0.0 |
|
19.2 |
|
3.6 |
|
22.8 |
Transfers |
|
0.0 |
|
54.3 |
|
–49.5 |
|
4.8 |
Disposals |
|
0.0 |
|
–1.2 |
|
0.0 |
|
–1.2 |
Amortization |
|
–5.7 |
|
–49.1 |
|
0.0 |
|
–54.8 |
Impairment losses |
|
0.0 |
|
–28.3 |
|
0.0 |
|
–28.3 |
Reversal of impairment losses |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
Net exchange differences |
|
0.0 |
|
–0.7 |
|
0.0 |
|
–0.7 |
Carrying amount as of March 31, 2020 |
|
179.6 |
|
155.7 |
|
3.3 |
|
338.6 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
The functional classifications—cost of sales, distribution costs, administrative expenses, and other operating expenses—may include amortization of intangible assets.
As of March 31, 2020, commitments for the acquisition of intangible assets were EUR 0.1 million (March 31, 2019: EUR 0.1 million). Additions to “Advance payments or payments in progress” contain EUR 0.0 million (March 31, 2019: EUR 13.8 million) in capitalized development costs for a software project intended to map cross-company business processes and business processes that have been harmonized across the Steel Division. The carrying amount in the other intangible assets as of March 31, 2020, is EUR 74.2 million (March 31, 2019: EUR 89.0 million), and the remaining useful life is five years.