www.se.com 368 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 Amortization and impairment (in millions of euros) Trademarks Software Development Projects (R&D) Acquired technologies and customer relationships Other Total Dec. 31, 2019 (420) (801) (2 ,111) (1,538) (199) (5,069) Amortizations (4) (53) (245) (201) (9) (512) Impairments – – (8) – (9) (17) Translation adjustments – 23 72 93 54 242 Reclassifications – – – – – – Changes in scope of consolidation and other – (3) – (3) – (6) Dec. 31, 2020 (424) (834) (2,292) (1,649) (163) (5,362) Amortizations (30) (59) (241) (353) (5) (688) Impairments – – (3) (20) – (23) Translation adjustments (3) (13) (45) (143) (8) (212) Reclassifications (29) 38 ( 74) 90 2 27 Changes in scope of consolidation and other – 10 1 6 – 17 Dec. 31, 2021 (486) (858) (2,654) (2,069) (174) (6,241) Net value (in millions of euros) Trademarks Software Development Projects (R&D) Acquired technologies and customer relationships Other Total Dec. 31, 2019 2 ,170 117 1,204 1,15 3 3 4,647 Dec. 31, 2020 2,071 130 1,18 6 1,643 3 5,033 Dec. 31, 2021 2,375 183 1,169 2,717 42 6,486 In 2021, change in intangible assets is mainly related to the acquisitions of OSIsoft and ETAP. The amortization expenses and impairment losses of intangible assets other than goodwill restated in statutory cash flow are as follows: (in millions of euros) Full year 2021 Full year 2020 Amortization expenses of intangibles assets other than goodwill 688 512 Impairments losses of intangible assets other than goodwill 23 17 TOTAL* 711 529 * Includes amortization & impairment of intangible assets from purchase price allocation for EUR 410 million for the year 2021 (EUR 207 million in 2020) 10.2 – Trademarks At December 31, 2021, the main trademarks recognized were as follows: (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 APC (Secure Power) 1,637 1,512 Clipsal (Low Voltage) 163 160 OSIsoft (Industrial Automation) 146 – Asco (Low Voltage) 110 102 Aveva (Industrial Automation) 91 78 Invensys – Triconex and Foxboro (Industrial Automation) 49 45 L&T (Low Voltage/Medium Voltage/Industrial Automation) 65 58 Digital (Industrial Automation) 42 43 Other 72 73 TRADEMARKS 2,375 2,071 In 2021, the Group reviewed the value of the main trademarks in accordance with valuation model describe in Note 1.8 – Intangibles assets. Particularly, APC brand was tested using the royalty relief method. The future cash flows used are based on Group management’s economic assumptions and operating forecasts presented in Secure Power’s business plan, and then extrapolated based on a perpetuity growth rate of 2%. Impairment tests carried out on main trademarks in 2021 did not show any impairment risk. 5.5 Notes to the consolidated financial statements