Annual Report - EDP

notes to the consolidated and company financial statementsEDP - Energias Portugal, S.A.for the years ended 31 december 2012 and 2011Notes to the Consolidated and Company Financial Statementsfor the years ended 31 December 2012 and 2011The movements in Goodwill during 2011, are analysed as follows:Balance at Exchange Balance atThousands of Euros 1 January Increases Decreases Impairment differences Regularisations 31 DecemberHC Energia Group 1,908,476 8,072 - - - - 1,916,548EDP Renováveis Group 1,343,294 - -12,846 -35,489 16,174 - 1,311,133EDP Brasil Group 58,991 - - - -1,564 - 57,427Other 38,418 3,731 - - - - 42,1493,349,179 11,803 -12,846 -35,489 14,610 - 3,327,257HC Energia GroupDuring 2012, the goodwill from HC Energia Group increased by 2,978 thousands of Euros as a result of the revaluation of the liability relating to the anticipatedacquisition of non-controlling interest from Cajastur, through the put option held by this entity over 3.13% of the share capital of HC Energia, as described underaccounting policies - note 2b).EDP Renováveis GroupThe goodwill held in EDP Renováveis Group, with reference to 31 December 2012 and 31 December 2011, is analysed as follows:EDP Renováveis GroupThousands of Euros Dec 2012 Dec 2011Goodwill in EDPR Europe Group 699,522 697,691Goodwill in EDPR North America Group 600,302 611,882Goodwill in EDPR Brasil Group 1,394 1,5601,301,218 1,311,133EDPR Europe GroupIn 2012, the increase net of regularisations in EDP Renováveis Group includes the goodwill after purchace price allocation for the companies acquisition of EDPR ItaliaGroup and EDPR Romania Group.During 2011, the decrease in EDPR Europe goodwill in the amount of 12,846 thousands of Euros, results from the redefinition of the final price of the liability related withthe put option of Caja Madrid over the non-controlling interest held by this entity over EDPR España in the amount of 3,363 thousands of Euros and the sale ofSubgrupo Veinco by 9,483 thousands of Euros. On the other hand in 2011, the impairment in EDPR Italia Group goodwill, relates essentially with an update of theassumptions in the estimatives of MW to install and future energy prices of 34,737 thousands of Euros (see note 13).Other information for purchase price allocation included in 2012During 2012 the EDPR Italia Group acquired 100% of the share capital of the company Pietragalla Eolico S.R.L. (see note 5) and has carried out the final purchase priceallocation that originates the recognition of an operating income in the amount of 2,639 thousands of Euros (see note 8).Assets andThousands of Euros Book value PPA Liabilities at fair valueProperty, plant and equipment 1,227 10,300 11,527Total assets 1,227 10,300 11,527Deferred tax liabilities - 2,833 2,833Other liabilities 1,035 - 1,035Total liabilities 1,035 2,833 3,868Net assets acquired 192 7,467 7,659Consideration transferred 5,020 5,020Goodwill/ (Badwill) -2,639During 2012 the EDPR Romania Group acquired 100% of the share capital of the companies Cujmir Solar S.R.L., Foton Delta S.R.L., Foton Epsilon S.R.L., Potelu Solar S.R.L.,Studina Solar S.R.L. and Vanju Mare Solar S.R.L. (see note 5) and has carried out the final purchase price allocation that originated the recognition of an operatingincome in the amount of 29,754 thousands of Euros (see note 8).Assets andThousands of Euros Book value PPA Liabilities at fair valueProperty, plant and equipment 26 43,305 43,331Other assets (including licenses) 500 14,167 14,667Total assets 526 57,472 57,998Deferred tax liabilities - 9,195 9,195Other liabilities 513 - 513Total liabilities 513 9,195 9,708Net assets acquired 13 48,277 48,290Consideration transferred 18,536 18,536Goodwill/ (Badwill) -29,754208A World Full Of Energy