Annual Report Gorenje Group 2009

Impairment testing of goodwill arising from the acquisition of Mora Moravia, s r.o. was carried out. The
calculations are based on cash flow projections for Mora Moravia, s r.o., which have been prepared on
the basis of the adopted strategic business plan for the period from 2010 to 2013. The main underlying
assumptions used to calculate the value in use are: the revenue growth rate of 3% and the discount
rate of 7%.
The recoverable value of the cash-generating unit was determined to be higher than its carrying
amount, including that of goodwill. Therefore there was need for impairment of goodwill.
Impairment testing of goodwill arising from the acquisition of Invest, d.o.o. was carried out. The
calculations are based on cash flow projections for Invest, d.o.o., which have been prepared on the
basis of the adopted strategic business plan for the period from 2010 to 2013. The main underlying
assumptions used to calculate the value in use are: the revenue growth rate of 3 % and the discount
rate of 7%.
The recoverable value of the cash-generating unit was determined to be higher than its carrying
amount, including that of goodwill. Therefore there was need for impairment of goodwill.
Impairment testing of goodwill arising from the acquisition of Surovina, d.d. was carried out. The
calculations are based on cash flow projections for Surovina, d.d., which have been prepared on the
basis of the adopted strategic business plan for the period form 2010 to 2013. The main underlying
assumptions used to calculate the value in use are: the revenue growth rate of 3% and the discount
rate of 7%.
The recoverable value of the cash-generating unit was determined to be higher than its carrying
amount, including that of goodwill. Therefore there was need for impairment of goodwill.
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Annual Report Gorenje Group 2009