Henkel Annual Report 2011


Summary of selected measurement methods
Items in the consolidated statement of financial position Measurement method
Assets
Goodwill Lower of carrying amount and recoverable amount ("impairment only" method)
Other intangible assets
    with indefinite useful lives Lower of carrying amount and recoverable amount ("impairment only" method)
    with definite useful lives (Amortized) cost less any impairment losses
Property, plant and equipment (Amortized) cost less any impairment losses
Financial assets (categories per
IAS 39)
     "Loans and receivables" (Amortized) cost using the effective interest method
     "Available for sale"

Fair value with gains or losses recognized directly in equity

     "Held for trading"

Fair value through profit or loss
Other assets (Amortized) cost
Inventories Lower of cost and net realizable value
Assets held for sale Lower of cost and fair value less costs to sell
1
Apart from permanent impairment losses and effects arising from measurement in a foreign currency.


Liabilities
Provisions for pensions and similar obligations Present value of future obligations ("projected unit credit" method)
Other provisions Settlement amount
Financial liabilities (categories per
IAS 39)
     "Measured at amortized cost" (Amortized) cost using the effective interest method
     "Held for trading" Fair value through profit or loss
Other liabilities Settlement amount