190
Goodwill is broken down as shown bellow:
Dec. 2014
Dec. 2013
Portugal
7.560.347
7.474.768
Spain
32.903.527
32.903.527
Angola
130.714
130.714
40.594.588
40.509.009
Goodwill on the Spain segment refers mainly to the purchase of the subsidiaries Lurca and Vidisco.
The main assumptions used in Impairment tests are detailed as follow:
Growth rate in perpetuity and for the period
Portugal
3,00% (1% real + 2% inflação)
Spain
3,00% (1% real + 2% inflação)
Perpetuity discount rate
Portugal
6,80%
Spain
6,40%
Discount period rate (5 years)
Portugal
7,70%
Spain
7,00%
The presented pre-tax discount rate was calculated on the bases of WACC (Weighted Average Cost of Capital)
methodology.
Based on the impairment tests performed, there was no need to make adjustments in Goodwill.
