FINANCIAL INFORMATION
THE GROUP
The Group's intangible fixed assets with indefinite useful lives consist of goodwill and trademarks, where the useful lives for the trade-
marks is considered indefinite due to the fact that they are considered strategic trademarks on each market and the Group's aim is to
retaim them for further development. The trademarks with the greater value recorded at cost are well know trademarks, such as Orrefors
Kosta Boda in Gifts & Home Furnishing and primarily Cutter & Buck in Sports & Leisure.
The value of the Group's goodwill and trademarks, which are based on local currency and may give rise to translation differences in
the consolidated financial statements, has been divided between the cash generating units they are considered to belong to, which also
constitue the operating segments as shown in the above tables. The value of these intangible assets is tested for impairment annually but
may be tested more frequently if there are indications of impairment. In order to asses any possible impairment, the recoverable amount
needs to be calculated which is done by calculating each cash generating units value in use. The value in use is based on discounted
values of cash flow forecasts for the next five years and a long term term growth rate, so called terminal growth. The most significant
assu