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  "documentTitle": "2025 Annual Report",
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  "notes": "Page 286 of Lufthansa Group Annual Report 2025.",
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      "text": "If the discount rates used are increased by one percentage point compared with the figures in table T114 Impairment testing, the recoverable amounts for all the units tested are still higher than the carrying amounts.",
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      "text": "WACC: 6.75%",
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      "text": "The weighted average cost of capital is calculated using market data to derive leverage ratios, beta factors and borrowing costs from a peer group that is reviewed annually. A market risk premium of 6.75% was applied as a basis (previous year: 7.5%). Regional risks are taken into account by applying appropriate risk premiums.",
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      "text": "Intangible assets with indefinite useful lives consist of slots purchased as part of company acquisitions (where tradeable) and acquired brand names. Acquired slots have an indefinite useful life due to their lasting legal and economic significance. The carrying amounts for the slots and the brands were included in the impairment test for the smallest cash-generating unit (CGU) to which they are allocated. As described above for goodwill, the impairment tests were then performed on the basis of corporate planning for all assets, including slots and/or brands, of the respective units.",
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      "text": "If the discount rates used are increased by one percentage point compared with the figures in table T114 Impairment testing, the recoverable amounts for all the units tested are still higher than the carrying amounts. If the scenarios were to worsen by one percentage point in terms of the planned Adjusted EBIDA margin and planned revenue growth, this would result in a shortfall for the CGUs Lufthansa Cargo and Eurowings. This would occur for Lufthansa Cargo if margins decline by 0.9 percentage points or revenue growth slows by 0.7 percentage points. The carrying amounts for Eurowings would no longer be covered if both indicators fell by 0.3 percentage points. For all other cash generating units, the recoverable amounts would still be higher than the carrying amounts if the planned Adjusted EBIDA margins and the planned revenue growth fell by one percentage point. The sensitivity analysis takes account of changes in one assumption at a time, with the other assumptions from the original calculation remaining unchanged.",
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      "text": "certificates. The statutory blending quotas up to 2029 and conservatively estimated prices based on current market premiums were used for SAF blends. This resulted in an initial surcharge of around EUR 1,600/t SAF. The assumption is that any additional costs in periods after the current planning period ends will not result in a lasting margin reduction. Long-term investment rates are based on past experience and take account of the procurement of production resources and their financing as envisaged in fleet planning. Costs of the central functions were charged to individual units based on their use of these functions.",
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