Goodwill results from the Company’s acquisitions of Bols, Polmos Bialystok, Parliament, Russian Alcohol, Whitehall and Bols Hungary.


	2012			2011
Goodwill as at January 1, gross	$	1,600,421		$	1 452 986
Acquisitions during the period		0			270,631
Foreign exchange impact		97,139			(123,196	)

Goodwill as at December 31, gross	$	1,697,560		$	1,600,421

Accumulated impairment losses as at January 1		(930,127	)		0
Foreign exchange impact		(51,201	)		0
Impairment charges recognized during the period		(327,847	)		(930,127	)

Accumulated impairment losses as at December 31		(1,309,175	)		(930 127	)

Goodwill as at January 1, net	$	670,294		$	1,452,986

Goodwill as at December 31, net	$	388,385		$	670,294