DHL 2014 Annual Report Download - page 146

Since their consolidation, the companies have contributed  mil-
lion to consolidated revenue and  million to consolidated .
If the companies had already been acquired as at  January ,
they would have contributed an additional  million to consoli-
dated revenue and  million to consolidated .
Transaction costs amounted to less than  million and are
reported in other operating expenses.
 million was paid for the companies acquired in nancial
year , and  million was paid for companies acquired in pre-
vious years. e purchase price for the companies acquired was
paid by transferring cash funds.
Acquisitions in 
In the period up to  December , Deutsche Post  Group
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:
Acquisitions, 
Country Segment
Interest
%
Date of
acquisition
Name
Compador
Technologies
GmbH, Berlin Germany PeP 49
15 January
2013
optivo GmbH, Berlin Germany PeP 100 28 June 2013
  Services
GmbH, Berlin Germany PeP 100 31 July 2013
In January , Deutsche Post  Group acquired   of the
shares of Compador Technologies GmbH (Compador), Berlin,
which specialises in the development and manufacture of sorting
machines and soware solutions. e company is consolidated
because of existing potential voting rights.
In addition, optivo GmbH, Berlin, was acquired in June .
optivo provides technical e-mail marketing services. e soware
and services oered by the company make it possible to reach out
to existing customers by automatically sending campaign e-mails.
At the end of July , all of the shares of  
Services GmbH, Berlin, were acquired via a subsidiary in which
Deutsche Post  Group holds a   interest. e company is a
service provider oering electronic address information from pub-
lic resident registers.
In nancial year , Deutsche Post  Group increased
its stake in All you need GmbH, Berlin, a mobile commerce super-
market. e step acquisition of the company was carried out with
a view to resale. e company was therefore classied under assets
held for sale and liabilities associated with assets held for sale in
accordance with  . In the third quarter of , the Board of
Management announced that it no longer intended to resell the
company. Initial consolidation resulted in goodwill of  million.
e company was accounted for in the third quarter of . e
income statement presentation was not adjusted retrospectively
due to the immateriality of the amounts involved.
Insignificant acquisitions, 
 m Carrying
amount Adjustment Fair value1 January to 31 December
Non-current assets 2 – 2
Current assets 8 – 8
Cash and cash equivalents 2 – 2
 12 – 12
Current liabilities and provisions 7 – 7
   7 – 7
Net assets 5
e calculation of goodwill is presented in the following table:
Goodwill, 
 m
Fair value
Contractual consideration 37
Fair value of existing equity interest 1 2
Cost 39
Less net assets 5
Less cost attributable to non-controlling interests 5
Difference 29
Plus non-controlling interests 2 2
Goodwill 31
1 Gain on the change in the method of consolidation is recognised
under other operating income.
2 Non-controlling interests are recognised at their carrying amount.
In nancial year , the companies contributed  million to
consolidated revenue and – million to consolidated  follow-
ing consolidation. If the companies had already been acquired as at
 January , they would have contributed an additional  mil-
lion to consolidated revenue and  million to consolidated .
Transaction costs amounted to less than  million and are
reported in other operating expenses.
 million was paid for the companies acquired in nancial
year  and  million was paid for companies acquired in previ-
ous years. e purchase price for the companies acquired was paid
by transferring cash funds.
Deutsche Post  Group —  Annual Report
140