367 Life Is On | Schneider Electric www.se.com Financial Statements 5. Chapter 5 – Consolidated financial statements at December 31, 2021 The sensitivity analysis on the test hypothesis shows that no impairment losses would be recognized in each of the following scenarios, for each CGU: • a 0.5 point increase of the discount rate; • a 1.0 point decrease in the growth rate; • a 0.5 point decrease in the margin rate. 9.2 – Movements during the year The main movements during the year are summarized as follows: (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Net goodwill at opening 19,956 18,719 Acquisitions 3,717 2,287 Disposals (118) – Reclassifications – – Translation adjustment 1,16 8 (1,050) NET GOODWILL AT END OF PERIOD 24,723 19,956 including cumulative impairment (367) (367) Acquisitions & Disposals Movements from acquisitions and disposals are described in Note 2.1. Other changes Translation adjustments mainly concern goodwill in US dollar and UK pound sterling. Note 10: Intangibles assets 10.1 – Change in intangible assets Gross value (in millions of euros) Trademarks Software Development Projects (R&D) Acquired technologies and customer relationships Other Total Dec. 31, 2019 2,590 918 3,315 2,691 202 9,716 Acquisitions – 19 311 – 2 332 Translation adjustments (166) (31) (100) (223) (48) (568) Reclassifications – 53 (64) – 11 – Changes in scope of consolidation and other 71 5 16 824 (1) 915 Dec. 31, 2020 2,495 964 3,478 3,292 166 10,395 Acquisitions – 22 307 4 – 333 Translation adjustments 162 17 61 338 18 596 Reclassifications 41 19 (14) (101) 28 (27) Changes in scope of consolidation and other 163 19 (9) 1,253 4 1,430 Dec. 31, 2021 2,861 1,041 3,823 4,786 216 12,727