DHL 2012 Annual Report Download - page 148
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Please find page 148 of the 2012 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Variable purchase prices, which are presented in the follow-
ing table, were agreed for the acquisitions in nancial year :
Contingent consideration,
Period for
financial years
from / to
Results
range from
Fair value
of payment
obligation
Basis
Revenue and sales margin 2012 to 2014
€0 to
€9 million €4 million
e transaction costs for the insignicant acquisitions
amounted to less than million.
million was paid for the companies acquired in nancial
year . million was paid for companies acquired in previ-
ous years. e cash purchase price for the companies acquired was
paid by transferring cash funds.
Acquisitions in
Country Segment Interest in %
Date of
acquisition
Name
Adcloud GmbH
(Adcloud), Cologne Germany 100 1 April 2011
Eurodifarm srl.
(Eurodifarm), Lodi Italy 100 11 May 2011
Standard Forward-
ing (Standard
Forwarding),
East Moline
,
100 1 June 2011
Tag EquityCo Lim-
ited (Tag Equity),
Grand Cayman
Cayman
Islands 100 11 July 2011
LifeConEx
(LifeConEx),
Plantation
,
100 29 July 2011
Post Logistics
Australasia,
Melbourne
(Post Logistics
Australasia) Australia Asset deal
1 October
2011
In mid-July , Deutsche Post DHL acquired the com-
pany Tag EquityCo Limited, Cayman Islands, together with its
subsidiaries. Tag Equity is an international provider of marketing
execution and production services. e company was assigned to
the Williams Lea business unit within the segment.
Final purchase price allocation is presented in the following tables.
Final purchase price allocation for Tag Equity,
m Carrying
amount Adjustments Fair value
Non-current assets 13 – 13
Customer relationships – 47 47
Brand name – 4 4
Software – 11 11
Current assets 54 – 54
Cash and cash equivalents 5 – 5
72 62 134
Non-current liabilities and provisions – – –
Deferred tax liabilities – 16 16
Current liabilities and provisions 102 – 102
102 16 118
Net assets 16
e customer relationships are being amortised over years
using the straight-line method, whilst the soware is being amort-
ised over ve years. e brand name has an indenite useful life.
Goodwill for Tag Equity,
m
Fair value
Cost 91
Less net assets 16
Goodwill 75
e transaction costs for this acquisition amounted to mil-
lion. In addition, shareholder loans of million were repaid.
In , the companies contributed million to consoli-
dated revenue and million to consolidated since the date
of initial consolidation. Inclusion of the companies as at Janu-
ary would have aected consolidated revenue by adding
million and consolidated by adding million.
Deutsche Post DHL Annual Report
144