Our audit procedures, which also involved our own valuation specialists, included: — understanding the process adopted to prepare the impairment test approved by the parent’s board of directors; — understanding the process adopted to prepare the from which the expected operating cash flows used for impairment testing have been derived; — checking any discrepancies between the previous year business plans’ figures and actual figures, in order to check the accuracy of the estimation process adopted by the directors; — analysing the reasonableness of the assumptions used by the directors to determine the recoverable amount of goodwill, including the operating cash flows of the 2020-2022 plans used by the parent.