New Wave Group Annual Report 2021 - EN | Seite 89

NWG // FINANCIAL INFORMATION //
THE GROUP
Goodwill
Trademarks
Computer software
Other intangible fixed assets
SEK million
2021
2020
2021
2020
2021
2020
2021
2020
Accumulated acquisition values
Opening accumulated acquisition values
911.3
977.6
519.0
569.5
199.4
193.0
64.9
67.1
Acquistion through business combinations 0.0 5.9 0.0 0.0 0.0 0.0 0.0 8.2
Acquisitions
0.0
0.0
0.0
0.0
12.2
11.3
0.8
0.0
Sales / disposals
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reclassifications
0.0
0.0
0.0
0.0
9.9
2.7
0.0
0.0
Translation differences
56.1
-72.2
39.4
-50.4
4.4
-7.6
8.4
-10.4
Closing accumulated acquisition values
967.4
911.3
558.4
519.0
225.9
199.4
74.2
64.9
Accumulated amortizations Opening accumulated amortizations -53.0 -53.6 -23.2 -24.6 -167.2 -157.2 -40.4 -40.9
Sales / disposals
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reclassifications
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Amortizations
-0.9
0.0
-0.6
-0.6
-13.3
-17.0
-7.3
-6.1
Translation differences
-3.5
0.6
-1.7
2.0
-3.4
7.0
-6.7
6.6
Closing accumulated amortizations
-57.4
-53.0
-25.6
-23.2
-183.9
-167.2
-54.5
-40.4
Accumulated write-downs Opening accumulated write-downs
-28.4
-28.4
-1.5
-1.5
0.0
0.0
0.0
0.0
Write-downs
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Closing accumulated write-downs
-28.4
-28.4
-1.5
-1.5
0.0
0.0
0.0
0.0
Closing book value 881.6 829.9 531.4 494.3 42.0 32.2 19.7 24.5
Goodwill allocated to operating segments SEK million
2021
2020
Corporate
240.6
238.4
Sports & Leisure
579.5
530.1
Gifts & Home Furnishings
61.5
61.5
Total
881.6
829.9
Trademarks allocated to operating segments SEK million
2021
2020
Corporate
20.3
20.3
Sports & Leisure
397.2
359.8
Gifts & Home Furnishings
113.9
114 . 3
Total
531.4
494.3
Key estimates and assumptions
Impairment testing of goodwill and trademarks are performed annually and in case of indication of impairment . Intangible fixed assets with finite useful lives are tested in case of indication of impairment . When conducting impairment tests , estimates have to be made to determine the value in use of cash-generating units . The value in use is based on established cash-flow projections for the next five years , and a long-term growth rate , so-called terminal growth . The most important assumptions in determining the value in use include growth rate , operating margin and discount rate ( WACC ). When calculating the discount rate , an assessment of financial factors such as interest rate levels , borrowing costs , market risk , beta values and tax rates is carried out . As the cash-generating units have different characteristics , each unit is assessed after its commercial factors . The estimated cost of capital ( WACC ) is considered to be representative of all cash-generating units . In calculating the present value of expected future cash flows , a weighted average cost of capital ( WACC ) of 10.2 ( 10.2 )% before tax is used . The cash-flow forecasts that are basis for the impairment test are based on the five year forecast adopted by the Board ( 2022-2026 ) and thereafter a terminal growth of 2 ( 2 )%. Based on the tests and analyzes that have been carried out , there is currently no need for impairment . While management believes that estimates of future cash flows and assumptions are reasonable , there are uncertainties which could affect the valuations . Sensitivity analyzes per operating segment are described below .
ANNUAL REPORT // 089