DHL 2012 Annual Report Download - page 147

Acquisitions in 
Country Segment Interest in %
Date of
acquisition
Name
Tag Belgium ,
Brussels (formerly
Dentsu Brussels )Belgium   100
1 February
2012
intelliAd Media
GmbH, Munich Germany  100 9 July 2012
 Sisters Food
Group ,
Heathrow    Asset deal 27 July 2012
All you need GmbH,
Berlin Germany  82
24 October
2012
1, 2
Exel Saudia ,
Al Khobar Saudi Arabia  
Terms of
the contract
amended
16 October
2012 2
Luftfrachtsicherheit-
Service GmbH,
Frankfurt am Main Germany

,
 50
27 August
2012
1 Acquired with a view to resale   Note .
2 Step acquisition.
   
In the period up to  December , Deutsche Post DHL
acquired companies that did not materially aect the Group’s net
assets, nancial position and results of operations, either individu-
ally or in the aggregate.
Tag Belgium is active in the communications sector and spe-
cialises in the design, production and localisation of print media.
intelliAd Media is a bid-management technology supplier active in
the area of search engine advertising.
 is active in the eld of airline catering.
Deutsche Post DHL increased its previous   stake in All
you need GmbH, a mobile commerce supermarket, to  . e
stake was further increased to .  through a dis proportionate
capital increase. e shares were acquired with a view to resale,
since Deutsche Post DHL would like to focus on taking over and
enhancing the logistics infrastructure.
Exel Saudia , a joint venture that was previously propor-
tionately consolidated and in which Deutsche Post DHL continues
to hold   of the shares, was fully consolidated because the
terms of the contract were amended. e change in consolidation
method resulted in goodwill of  million from the disposal of the
previous interest. e transaction resulted in a gain of  million,
which is reported in other operating income.
Deutsche Post DHL acquired   of the shares of Lufracht-
sicherheit-Service GmbH. e company is fully consolidated due
to the terms of the contract.
Insignificant acquisitions, 
 m Carrying
amount Adjustments Fair value1 January to 31 December

Non-current assets 6 – 6
Current assets 22 – 22
Cash and cash equivalents 5 – 5
Assets held for sale 6 – 6
39 – 39
  
Non-current liabilities and provisions 3 – 3
Current liabilities and provisions 11 – 11
Liabilities associated with assets
held for sale 1 – 1
15 – 15
Net assets 24
of which in accordance with   5
e calculation of goodwill is presented in the following table:
Goodwill, 
 m
Fair value
Cash purchase price 30
Fair value of the existing equity interest 1 25
Total cost 55
Less net assets 24
Difference 31
Less goodwill in accordance with   0
Plus negative goodwill 2
Plus non-controlling interests 2 6
Less goodwill arising from the change in consolidation method 6
Goodwill 33
1 Gain from the change in the method of consolidation is recognised under other operating
income.
2 Non-controlling interests are recognised at their carrying amount.
Purchase price allocation for Tag Belgium and Lufracht-
sicherheit-Service GmbH resulted in negative goodwill of  mil-
lion, which is reported in other operating income. e negative
goodwill is attributable to the coverage of potential business risks.
e companies contributed  million to consolidated rev-
enue and  million to consolidated  since the date of initial
consolidation. If these companies had been purchased at  Janu-
ary , they would have added  million to consolidated rev-
enue and  million to consolidated .
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Basis of preparation
143