Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
90
year of Euro 35,653 thousand relates for Euro 35,540 thousand to the change in the consolidation
scope following the acquisitions by the Group during the year and for Euro 113 thousand to currency
differences.
Goodwill is not amortised but subject to an impairment test at least annually and whenever facts or
circumstances arise which indicate a loss in value.
In accordance with the provisions of IAS 36, the goodwill is allocated to the various cash generating
units (CGU’s) and at least on an annual basis subject to recoverability analysis through an impairment
test.
The cash generating units relate to the operating segments, on a regional basis, in line with the
minimum level at which goodwill is monitored for internal management purposes.
The goodwill allocated to the CGU’s is reported below:
Euro thousands
December 31, 2016
December 31, 2015
Change
Translation differences
Increases for Changes
in Consolidation Scope
Writefine Products Private Limited
33,291
33,290
1
1
-
Canson Group
(4)
30,566
-
30,566
-
30,566
Daler-Rowney Lukas Group
(5)
3,520
-
3,520
-
3,520
Dixon Group - North America
(2)
2,264
2,229
35
116
-
Dixon Group - Central/South America
(1)
2,075
1,998
77
(4)
-
Industria Maimeri S.p.A. (Italy)
1,695
1,695
-
-
-
Omyacolor S.A. (France)
1,611
1,611
-
-
-
St. Cuthberts Holding
(6)
1,323
-
1,323
-
1,323
Lyra Group
(3)
1,217
1,217
-
-
-
Pioneer Stationery PVT Ltd
131
-
131
-
131
FILA SA (South Africa)
101
101
-
-
-
Licyn Mercantil Industrial Ltda (Brazil)
71
71
-
-
-
Total
77,865
42,212
35,653
113
35,540
(1) - F.I.L.A. Group-Dixon, S.A. de C.V. (Mexico); F.I.L.A. Chile Ltda (Chile); FILA Argentina S.A. (Argentina).
(2) - Dixon Ticonderoga Company (U.S.A.); Dixon Ticonderoga Inc. (Canada).
(3) - Johann Froescheis Lyra Bleistift-Fabrik GmbH & Co. KG (Germany); FILA Nordic AB (Sweden); PT. Lyra Akrelux (Indonesia).
(6) - St. Cuthberts Holding (United Kingdom); St. Cuthberts Mill (United Kingdom)
NOTE 1.B GOODWILL BY CASH GENERATING UNIT
(4) - Canson SAS (France); Lodi 12 SAS (France); Eurholdam USA Inc. (U.S.A.), Canson Inc. (U.S.A.); Canson Brasil I.P.E. LTDA (Brazil); Canson Australia PTY LTD (Australia); Canson Qingdao
Ltd.(China); Canson Italy (Italy).
(5) - Renoir Topco Ltd (United Kingdom); Renoir Midco Ltd (United Kingdom); Renoir Bidco Ltd (United Kingdom); Daler Rowney Group Ltd (United Kingdom); FILA Benelux SA (Belgium); Daler
Rowney Ltd (United Kingdom); Longbeach Arts Ltd (United Kingdom); Daler Board Company Ltd (United Kingdom); Daler Holdings Ltd (United Kingdom); Daler Designs Ltd (United Kingdom); Daler
Rowney GmbH (Germany); Lukas-Nerchau GmbH (Germany); Nerchauer Malfarben GmbH (Germany); Lastmill Ltd (United Kingdom); Rowney & Company Pencils Ltd (United Kingdom); Rowney
(Artists Brushes) Ltd (United Kingdom); Daler Rowney USA Ltd (U.S.A.); Brideshore srl (Dominican Republic).
The allocation of the goodwill was made considering individual CGU’s or Group’s of CGU’s based
on potential synergies and similar operational strategies on the various markets. Compared to 2015
there were no changes in the criteria for the identification of the cash-generating units and in the
method to allocate assets.