AEG 21604 G Manual de usuario descargar pdf (Pagina 363)

F-122

The purchase price allocation adjustments for other intangible assets are as follows:

In millions of Euro 2009

Order portfolio ................................................................................................

............................

24,007

Customer relations ................................................................................................

......................

206,157

Technology ................................................................................................

................................

54,769

Total continuing operations................................................................................................

.........

284,933

Customer relations ................................................................................................

......................

9,821

Technology ................................................................................................

................................

971

Total discontinuing operations................................................................

................................

10,792

This footnote should be read in conjunction with note 4 Determination of fair values.

The policies applied in deriving fair values are set out in note 4. Property, plant and equipment fair value adjust-

ments primarily relate to the Group's freehold properties whose book values were restated to market levels de-

rived on the basis of third party valuations by qualified valuers. Inventory was valued on the basis of estimated

selling price less costs to complete. The adjustment to pensions primarily relates to the Group's pension scheme

in Germany and represents the recognition of net actuarial gains calculated on the basis of a report by external

actuaries.

Intangible assets such as order portfolio and customer relations were valued based on discounted cash flows

expected to be derived from the use or eventual sale of the assets. Technology was valued based on the estimated

discounted royalty payments that have been avoided as a result of acquiring the technology.

Cash flows were projected based on past experience, actual operating results and 5 year business plans.

In the first year of the business plan revenues was projected taking into account current economic conditions.

The projected revenues included in the cash flow projections for the 5-year plans has been based on the expecta-

tion of some recovery in the economy in 2010 adjusted for factors expected to influence the units' activities such

as growth in renewable markets, changes in order backlog and introduction of new products. The 5 year projec-

tions were also benchmarked against other external data available to management.

Projected cash flows were discounted at the Group's estimated weighted average cost of capital.

9. Other expenses

In thousands of Euro 2009 2008

Amortisation on intangible assets ................................................................................. 16,239 -

Restructuring Costs....................................................................................................... 3,186 -

Others............................................................................................................................ 26 -

19,451 -

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AEG 21604 G Manual de usuario Pagina 363

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AEG 21604 G Manual de usuario Pagina 363

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