XML 434 R23.htm IDEA: XBRL DOCUMENT
v3.22.0.1

INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
--- | ---
Dec. 31, 2021
Intangible assets and goodwill [abstract] |
INTANGIBLE ASSETS AND GOODWILL | NOTE 16 - INTANGIBLE ASSETS AND GOODWILL
(in millions of Euros) |  |  |  |  | Technology |  | Computer Software |  | Customer relationships |  | Work in Progress |  | Other |  | Total Intangible Assets |  | Goodwill
Net balance at January 1, 2021 |  |  |  |  | 18 |  | 15 |  | 13 |  | 13 |  | 2 |  | 61 |  | 417
Additions |  |  |  |  | — |  | — |  | — |  | 4 |  | — |  | 4 |  | —
Amortization expense |  |  |  |  | (1) |  | (12) |  | (1) |  | — |  | — |  | (14) |  | —
Transfer |  |  |  |  | — |  | 17 |  | — |  | (15) |  | 2 |  | 4 |  | —
Effect of changes in foreign exchange rates |  |  |  |  | 1 |  | 1 |  | 1 |  | — |  | — |  | 3 |  | 34
Net balance at December 31, 2021 |  |  |  |  | 18 |  | 21 |  | 13 |  | 2 |  | 4 |  | 58 |  | 451
Cost |  |  |  |  | 86 |  | 91 |  | 40 |  | 3 |  | 4 |  | 224 |  | 451
Less accumulated depreciation and impairment |  |  |  |  | (68) |  | (70) |  | (27) |  | (1) |  | — |  | (166) |  | —
Net balance at December 31, 2021 |  |  |  |  | 18 |  | 21 |  | 13 |  | 2 |  | 4 |  | 58 |  | 451
(in millions of Euros) |  |  |  | Technology |  | Computer Software |  | Customer relationships |  | Work in Progress |  | Other |  | Total Intangible Assets |  | Goodwill
Net balance at January 1, 2020 |  |  |  | 21 |  | 19 |  | 14 |  | 14 |  | 2 |  | 70 |  | 455
Additions |  |  |  | — |  | — |  | — |  | 4 |  | — |  | 4 |  | —
Amortization expense |  |  |  | (1) |  | (8) |  | (1) |  | — |  | — |  | (10) |  | —
Impairment |  |  |  | — |  | (1) |  | — |  | — |  | — |  | (1) |  | —
Transfer |  |  |  | — |  | 4 |  | — |  | (4) |  | — |  | — |  | —
Effect of changes in foreign exchange rates |  |  |  | (2) |  | 1 |  | — |  | (1) |  | — |  | (2) |  | (38)
Net balance at December 31, 2020 |  |  |  | 18 |  | 15 |  | 13 |  | 13 |  | 2 |  | 61 |  | 417
Cost |  |  |  | 79 |  | 76 |  | 37 |  | 14 |  | 2 |  | 208 |  | 417
Less accumulated depreciation and impairment |  |  |  | (61) |  | (61) |  | (24) |  | (1) |  | — |  | (147) |  | —
Net balance at December 31, 2020 |  |  |  | 18 |  | 15 |  | 13 |  | 13 |  | 2 |  | 61 |  | 417
Impairment tests for goodwill Goodwill in the amount of €451 million was allocated to our operating segments: €444 million to P&ARP, €5 million to A&T and €2 million to AS&I. At December 31, 2021, the recoverable amount of our operating segments was determined based on value in use calculations, using discounted cash-flows. The recoverable amount of the A&T and AS&I operating segments significantly exceeded their carrying value. No reasonable change in the assumptions used could have led to a potential impairment charge. For the P&ARP operating segment, the analysis was based on forecasted cash flows that grow to management’s estimate of a normalized level by 2026 and then at a long term growth rate of 1.5% thereafter. The discount rate applied to the cash-flow projections was 9%. Based on this analysis, the carrying value of €1.5 billion remained below the recoverable value which was in excess of €2 billion at December 31, 2021 and therefore there was no goodwill impairment at the P&ARP operating segment. With cash-flows 40% lower from 2022 to 2026 including the terminal year cash flow, the recoverable value still exceeded the carrying value.

X
- Definition The disclosure of intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_IntangibleAssetsAndGoodwillAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration