XML 185 R160.htm IDEA: XBRL DOCUMENT v3.19.1
Intangible assets - Goodwill (Details 2)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Main Assumptions [Abstract]      
Basis of determining recoverable amounts Value in use: cash flows Value in use: cash flows Value in use: cash flows
Period of the projections of cash flows [1] 5 years 5 years 5 years
Growth rate perpetual 5.10% 8.30% 8.00%
Discount rate [2] 13.60% 14.60% 15.20%
[1] The projections of cash flow are prepared using Management's growth plans and internal budget, based on historical data, market expectations and conditions such as industry growth, interest rate and inflation.
[2] The discount rate is calculated based on the capital asset pricing model (CAPM). The discount rate before tax is 19.33% (2017 - 20.42% and 2016 - 20.23%).