Prospectus - Notowania

The CGU is the lowest level at which goodwill is monitored by the Group. Within the Central Eastern Europe (CEE) CGU,
further tests were carried out in respect of the individual countries of operation.
The allocation method took into consideration the synergies and expected results of the above areas.
CONSOLIDATED INTERIM REPORT
AS AT SEPTEMBER 30, 2009
(€ million)
09.30.2009 12.31.2008
Retail 5.975 5.665
Corporate & Investment Banking (CIB) 6.696 6.751
of which:
ex MIB division 1.769 2.141
Private Banking 265 569
Asset Management 1.707 1.744
Central Eastern Europe (CEE) 4.237 4.575
of which:
JSC Ukrsotsbank (USB) 442 484
JFC ATF Bank (ATF) 737 968
Poland’s Markets 1.457 1.538
Parent Co. And other subsidiaries 44 47
Goodwil 20.381 20.889
Values at 30 September 2009 were adjusted in line with the changes in the operating entities that occurred during the period.
Goodwill impairment tests are carried out annually at each balance-sheet date (31 December) or whenever there is objective
evidence of events having occurred that might have reduced goodwill, in line with IAS 36.
It was not considered necessary to carry out further goodwill impairment tests as at 30 September 2009 in light of the
following:
� Goodwill impairment tests had already been carried out as at 30 June 2009 for the purposes of the first half report.
� No significant changes had been noted in the basic assumptions since 30 June 2009.
Accordingly, no write-downs of goodwill were recognized.
Goodwill impairment tests will be performed at the end of the 2009 financial year, to take account of any new information
concerning both parameters used for the impairment test and financial flows expected for CGUs in 2010 and subsequent
years.
The recoverable value of the Group’s CGUs is their value in use, calculated on the basis of future cash flow generated by
each CGU to which goodwill has been allocated. This cash flow is estimated on the basis of the 2008 – 2010 Strategic Plan
approved by the Board of Directors on 25 June 2008. The Strategic Plan is the result of a process which starts from the
Business managers and is agreed with the Group’s top management leading to final approval. When forming its forecasts
Management took the economic and market situation which arose in the second half of 2008 into account. Plans were
developed for all CGUs and countries.
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