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4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 9. Intangible assets
DANONE
REGISTRATION DOCUMENT 2015
117
Carrying amount and assumptions concerning the long-term growth rate and discount rate in respect of the CGUs
or groups of CGUs comprising material assets
As of December 31
Carrying amount of goodwill
and brands with indefinite
useful lives
(h)
Long-term growth rate
(i)
Discount rate after tax
(i)
(in € millions)
2014
2015
2014
2015
2014
2015
Fresh Dairy Products
Centrale Danone
924
914
3%
3%
10%
10%
Danone-Unimilk group
(a)
311
279
3%
3%
10%
11%
Europe
(b)
587
576
0%
0% 8% to 10% 8% to 10%
Other CGUs
(c)
517
627
0 to 3%
0 to 3% 8% to 15% 8% to 17%
Total Fresh Dairy Products
2,340
2,395
• of which, goodwill
1,683
1,774
• of which, brands with
indefinite useful lives
(d)
658
621
Waters
Danone Eaux France
428
428
1%
1%
7.9%
7.9%
Other CGUs
(e)
413
389
0 to 3%
0 to 3% 8% to 13% 8% to 17%
Total Waters
840
817
• Of which, goodwill
630
613
• Of which, brands with
indefinite useful lives
(d)
210
204
Early Life Nutrition
Early Life Nutrition Asia
3,108
2,680
2.5%
2.5%
8.2%
7.8%
Early Life Nutrition Rest
of the World
5,114
5,037
2.5%
2.5%
8.2%
8.3%
Other CGUs
168
187
2.5%
2.5%
7.9%
7.9%
Total Early Life Nutrition
8,390
7,904
• Of which, goodwill
5,930
5,894
• Of which, brands with inde-
finite useful lives
(f)
2,460
2,010
Medical Nutrition
4,246
4,280
2.5%
2.5%
7.6%
7.6%
• Of which, goodwill
3,340
3,372
• Of which, brands with
indefinite useful lives
(g)
906
908
Total
15,816
15,396
• Of which, goodwill
11,582
11,653
• Of which, brands with
indefinite useful lives
4,234
3,743
(a) Consists mainly of Russia and Ukraine.
(b) Combines the Division's entire activity in Europe.
(c) More than 10 CGUs, the largest of which is the United States CGU, with none exceeding €300 million as of December 31, 2015 or December 31, 2014.
(d) Several brands, none of which is material individually.
(e) Consists mainly of the Waters Asia CGU and other CGUs, none of which exceeds €200 million as of December 31, 2015 or December 31, 2014.
(f)Consistsofseveralbrands,thelargestofwhichare
Milupa
and
Dumex
.Thecarryingamountpresentedhere includes impairmentrecognizedonthe
Dumex
brand.
(g) Several brands, the most significant of which is
Nutricia
.
(h) The carrying amount includes the reclassification of €153 million to Assets held for sale for the Dumex activity in China.
(i) For CGUs whose recoverable value is determined on the basis of their value in use, except for the CGUs corresponding to the companies acquired in 2015.