Lufthansa Annual Report 2008 - Excel

							Lufthansa Annual Report 2008
Goodwill and intangible assets with an indefinite useful life


                                                                Goodwill from     Intangible assets     Total
                                                                consolidation with indefinite useful
in €m                                                                                            life
Cost as of 1.1.2007                                                        889                      –     889
Accumulated amortisation                                                  -300                      –    -300
Carrying amount 1.1.2007                                                   589                      –     589
Currency translation difference                                             -7                      –      -7
Additions due to changes in consolidation                                    –                  203       203
Additions                                                                   12                      –      12
Reclassifications                                                            –                      –       –
Disposals due to changes in consolidation                                    –                      –       –
Disposals                                                                    –                      –       –
Reclassifications to assets held for sale                                    –                      –       –
Amortisation                                                                 –                      –       –
Reversal of impairment losses                                                –                      –       –
Carrying amount 31.12.2007                                                 594                  203       797
Cost as of 1.1.2008                                                        882                  203     1,085
Accumulated amortisation                                                  -288                      –    -288
Carrying amount 1.1.2008                                                   594                  203       797
Currency translation difference                                            -12                    23       11
Additions due to changes in consolidation                                    –                      –       –
Additions                                                                   13                     0*      13
Reclassifications                                                           0*                     0*      0*
Disposals due to changes in consolidation                                    –                      –       –
Disposals                                                                    –                      –       –
Reclassifications to assets held for sale                                    –                      –       –
Amortisation                                                                 –                      –       –
Reversal of impairment losses                                                –                      –       –
Carrying amount 31.12.2008                                                 595                  226       821
Cost as of 31.12.2008                                                      895                  226     1,121
Accumulated amortisation                                                  -300                      –    -300
* Rounded below EUR 1m.
Lufthansa Annual Report 2008

Name of the CGU
                                                           Lufthansa AG           SWISS         LSG Sky        LSG Sky        LSG Sky          LSG Sky     CLS Catering        AVIAPIT-           ZAO
                                                             and regional        Aviation     Chefs USA     Chefs Korea          Chefs            Chefs    Services Ltd.         SOCHI      AeroMEAL
                                                                 partners Training Ltd.           Group       (Segment:       Havacilik    Birmingham         (Segment:       (Segment:      (Segment:
                                                               (Segment:       (Segment:       (Segment:       Catering) Hizmetleri A.S. Ltd. (Segment:        Catering)       Catering)      Catering)
                                                               Passenger       Passenger        Catering)                    (Segment:         Catering)
                                                           Transportation) Transportation)                                    Catering)

Carrying amount of goodwill                                    EUR 249m         EUR 2m         EUR 277m        EUR 44m         EUR 8m          EUR 2m           EUR 3m          EUR 3m         EUR 7m
Impairment losses                                                       –              –                –              –              –               –              –                 –              –
Revenue growth p.a over planning period                      3.2% to 6.7%     0% to 1.9%     1.3% to 4.7%   1.7% to 3.9%     0% to 5.8%      0% to 3.4%           3.0%     5.0% to 10.1%   5.0% to 6.6%

EBITDA margin over planning period                          8.7% to 11.3% 22.6% to 24.1%     4.6% to 9.0% 28.4% to 29.4% 20.3% to 22.0%    4.6% to 7.0%    9.0% to 10.7% 35.0% to 38.1% 31.0% to 32.0%

Investment ratio over planning period                      10.6% to 12.4%    7.0% to 8.1%    1.5% to 2.8%          1.0%    1.4% to 1.5%      0% to 1.0%     1.5% to 2.5%    1.0% to 2.2%   0.8% to 1.0%
Length of planning period                                          3 years        3 years         5 years        5 years        5 years         5 years          5 years         5 years        5 years
Revenue growth p.a. after the end of the planning period             4.0%            1.0%            2.0%          3.9%            3.0%            3.0%             3.0%            5.0%           5.0%
EBITDA margin after end of planning period                          11.3%          24.0%             9.0%         29.4%          22.0%             7.0%            10.7%          35.0%          31.0%
Investment ratio after end of planning period                        8.6%            8.0%            1.5%          1.0%            1.5%            1.0%             1.5%            1.0%           1.0%
Discount rate                                                        9.1%            9.1%            9.1%          9.1%            9.1%            9.1%             9.1%            9.1%           9.1%
Lufthansa Annual Report 2008
Impairment test for the brand


Carrying amount for brand                                                EUR 170m
Impairment losses                                                                  –
Revenue growth for brand p.a. over planning period                     3.8% to 6.9%
Length of planning period                                                    3 years
Revenue growth for brand p.a. after end of the planning period                 2.0%
Savings in hypothetical leasing payments before taxes (royalty rate)           0.4%
Discount rate                                                                  9.1%