ANNUAL REPORT 2016
Year 2015
Unit
Recoverable
amount (use value)
Assets account
value
Impairment
losses
Sol units (7 units)
914,105
4,013,310
3,099,204
Pizza Hut (1 unit)
-
125,786
125,786
Pasta Caffe (1 unit)
-
110,348
110,348
MiiT (2 units)
125,406
589,234
463,827
Pizza Movil (2 units)
71,074
352,635
281,561
Total
1,110,585
5,191,312
4,080,727
The following assumptions were used in 2015 impairment tests:
Growth rate in perpetuity
Portugal
3,00% (1% real + 2% price increase)
Spain
3,00% (1% real + 2% price increase)
Discount rate
Portugal
6.80%
Spain
6.00%
The 2016 impairment test resulted in an impairment loss of € 817.744 relating to tangible
assets, as follows:
Year 2016
Unit
Recoverable
amount (use value)
Assets account
value
Impairment
losses
Pans (1 unit)
-
169,966
169,966
Pasta Caffé (1 unit)
-
110,000
110,000
MiiT (1 unit)
-
172,219
172,219
Pizza Móvil (3 units)
173,077
351,244
178,167
Pans & C.
a
(10 units)
584,154
770,366
187,392
Total
757,231
1,573,795
817,744
The following assumptions were used in 2016 impairment tests:
Growth rate in perpetuity
Portugal
2,00% (1% real + 1% price increase)
Spain
2,00% (1% real + 1% price increase)
Discount rate
Portugal
6.70%
Spain
6.20%
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