The discount rate is based on a weighted average cost of capital calculation derived using a five-year average
market-weighted debt/equity structure and financing costs referencing the Group’s major competitors. The
discount rate used is an after-tax rate and reflects the specific equity and country risk. The applied discount rate
depends on the respective intangible asset being valued and ranges between 6.7% and 8.4% (2013: between 6.8%
and 8.8%).