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## Impairment 

## 2.3.1 Impairment losses 

The Carlsberg Group performs annual im- pairment tests to verify the value of recog- nised goodwill, trademarks and other non- current assets. 

In connection with impairment testing manage- ment reassesses the useful life and residual value of assets with impairment indicators. 

Based on the impairment tests performed, the Group has recognised impairment losses totalling DKK 375m in respect of trademarks and other non-current assets. 

The impairment losses on trademarks (indefi- nite and finite) in 2013 related partly to local trademarks in Russia (Nevskoye) and Kazakh- stan (Derbes) that have suffered from the eco- nomic crisis and changes in the brand strategy and therefore showed a recoverable amount be- low the carrying amount. The trademarks were therefore written down to the lower recoverable amount. A local trademark in France (Kanter- brau) and local trademarks with finite useful life in Estonia were also impaired due to changes in the brand strategy in these two markets. 

The impairment of plant, machinery and equipment in Ringnes, Norway, is a conse- quence of the switch to one-way recyclable packaging, cf. section 3. Impairment of plant, machinery and equipment in other markets is a consequence of difficult market conditions. 

In 2012 there were recognised impairments of Carlsberg Uzbekistan, DKK 91m in total, Nordic Getränke, Germany, DKK 64m, and Vena Brewery, production and sales equip- ment, Russia, DKK 589m. The impairments related to intangible assets and property, plant and equipment and were a consequence of difficult market conditions and poor per- formance. The Sarbast trademark was fully impaired as part of the DKK 91m impairment of Carlsberg Uzbekistan in 2012. 

Other impairments of property, plant and equip- ment are a consequence of restructuring and process optimisations, especially in Western Europe and Eastern Europe. 

Impairment losses of DKK 369m (2012: DKK 967m) are recognised in special items and DKK 6m (2012: DKK 28m) in cost of sales. 

## IMPAIRMENT OF GOODWILL, TRADEMARKS AND OTHER NON-CURRENT ASSETS 

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## Investments in associates 

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