New Wave Group Annual Report 2023 | Page 89

NWG // FINANCIAL INFORMATION //
THE GROUP
Goodwill
Trademarks
Computer software
Other intangible fixed assets
SEK million
2023
2022
2023
2022
2023
2022
2023
2022
Accumulated acquisition values
Opening accumulated acquisition values
1 212.1
967.4
619.4
558.4
264.9
225.9
87.8
74 . 2
Acquistion through business combinations 0.5 142.9 30.9 0.0 1.1 8.9 0.0 6.0
Acquisitions
0.0
1.0
0.0
0.4
14.6
12.9
0.0
-3.8
Sales / disposals
0.0
0.0
0.0
0.0
-1.6
0.0
0.0
0.0
Reclassifications
0.0
0.0
0.0
0.0
-2.0
2.8
0.0
0.0
Translation differences
-23.7
100.8
-15.1
60.5
-1.2
14.4
-1.0
11.4
Closing accumulated acquisition values
1 188.9
1 212.1
635.2
619.4
275.8
264.9
86.9
87.8
Accumulated amortizations Opening accumulated amortizations -65.4 -57.4 -29.0 -25.6 -218.7 -183.9 -72.8 -54.5
Acquistion through business combinations
0.0
-1.2
0.0
0.0
0.0
-7.3
0.0
-2.0
Sales / disposals
0.0
0.0
0.0
0.0
1.6
0.0
0.0
0.0
Reclassifications
0.0
0.0
0.0
0.0
4.7
0.0
0.0
0.0
Amortizations
-1.1
-1.0
-1.1
-0.6
-17.9
-17.8
-6.2
-8.2
Translation differences
1.3
-5.8
0.8
-2.8
1.0
-9.7
2.7
-8.1
Closing accumulated amortizations
-65.2
-65.4
-29.3
-29.0
-229.3
-218.7
-76.3
-72.8
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 1 095.2 1 118.3 604.4 588.9 46.5 46.2 10.6 15.0
Goodwill allocated to operating segments SEK million
2023
2022
Corporate
406.8
393.0
Sports & Leisure
626.9
663.9
Gifts & Home Furnishings
61.5
61.4
Total
1 095.2
1 118.3
Trademarks allocated to operating segments SEK million
2023
2022
Corporate
20.4
20.2
Sports & Leisure
469.2
455.7
Gifts & Home Furnishings
114 . 8
113 . 0
Total
604.4
588.9
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 . For New Wave , the operating segments are considered to be cash-generating units except in the case of Gifts & Home Furnishings , which is divided into two cashgenerating units , Gifts and Destination Kosta . Destination Kosta is an additional cash-generating unit in 2023 because the products and services that Destination Kosta provides differ from other products within the operating segment , the assets to generate inflows linked to these products and services can also be clearly distinguished from others within the business segment . Destination Kosta has no intangible assets , so no sensitivity analysis has been performed for this cash-generating unit . 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 10.8 ( 10.2 )% before tax is used . The cash-flow forecasts that are basis for the impairment test
ANNUAL REPORT // 089