CONSOLIDATED FINANCIAL STATEMENTS
The distribution of goodwill allocated to segments is presented as follows:
Dec. 2016
Dec. 2015
Eat Out
70,647,649
-
Restaurants
11,104,988
11,104,988
Counters
25,349,831
25,349,831
Concessions and Catering
3,874,469
3,874,469
Other, write off and adjustments
179,721
179,721
111,156,658
40,509,009
Based on the Discounted Cash Flow (DCF) method, use value evaluations were made that
sustain the recoverability of Goodwill.
With the same assumptions of the discount rate and growth (note 8) the impairment test are
sustained by historical performance, the development expectations of the markets and the
strategic development plans of each business.
Although the impairment of tangible and intangible fixed assets result in the amount of
817.744 eur, this did not result in impairment in the cash-generating units to which Goodwill
is allocated.
No sensitivity analyzes were carried out for goodwill because the impairment tests carried out
revealed that the recoverable amount is greater than 20% of the book value if there were a
reasonable change in the key assumptions.
10. FINANCIAL INVESTMENTS
10.1. INVESTMENTS IN JOINTLY CONTROLLED ENTITIES
Dec. 2016
Dec. 2015
Financial investments - joint controlled subsidiaries
2,417,631
2,417,891
2,417,631
2,417,891
Accumulated impairment losses
-
-
2,417,631
2,417,891
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