Universal Registration Document 2022

Note 11 Goodwill

6.6 Notes To The Consolidated Financial statements

Note 11 Goodwill

Note 11 Goodwill

/ Changes in goodwill

(in millions of euros) Gross value Impairment loss Net amount
December 31, 2020 December 31, 2020

Gross value

12,213
December 31, 2020

Impairment loss

(1,355)
December 31, 2020

Net amount

10,858
Acquisitions

Acquisitions

Gross value

218

Acquisitions

Impairment loss

-

Acquisitions

Net amount

218

Changes related to the revaluation of earn-outs during the window period(2)

Changes related to the revaluation of earn-outs during the window period

(2)

Gross value

1

Changes related to the revaluation of earn-outs during the window period

(2)

Impairment loss

-

Changes related to the revaluation of earn-outs during the window period

(2)

Net amount

1

Disposals

Disposals

Gross value

(32)

Disposals

Impairment loss

-

Disposals

Net amount

(32)

Foreign exchange

Foreign exchange

Gross value

816

Foreign exchange

Impairment loss

(101)

Foreign exchange

Net amount

715

December 31, 2021 December 31, 2021

Gross value

13,216
December 31, 2021

Impairment loss

(1,456)
December 31, 2021

Net amount

11,760
Acquisitions

Acquisitions

Gross value

458

Acquisitions

Impairment loss

-

Acquisitions

Net amount

458

Impairment loss(1)

Impairment loss

(1)

Gross value

-

Impairment loss

(1)

Impairment loss

(28)

Impairment loss

(1)

Net amount

(28)

Changes related to the revaluation of earn-outs during the window period(2)

Changes related to the revaluation of earn-outs during the window period

(2)

Gross value

(22)

Changes related to the revaluation of earn-outs during the window period

(2)

Impairment loss

-

Changes related to the revaluation of earn-outs during the window period

(2)

Net amount

(22)

Disposals(3)

Disposals

(3)

Gross value

(56)

Disposals

(3)

Impairment loss

-

Disposals

(3)

Net amount

(56)

Foreign exchange

Foreign exchange

Gross value

512

Foreign exchange

Impairment loss

(78)

Foreign exchange

Net amount

434

December 31, 2022 December 31, 2022

Gross value

14,108

December 31, 2022

Impairment loss

(1,562)

December 31, 2022

Net amount

12,546

(1) See Note 6.

(2) See Note 1.3 on the change in fair-value on any earn-out in a business combination

(3) The effects of the disposals for euro 56 million are due to the disposal of MMS Communication LLC in Russia for euro 26 million and of Qorvis for euro 30 million.

Goodwill by cash-generating unit or by Group of cash-generating units is disclosed in Note 6.