DHL 2015 Annual Report Download - page 145

Deutsche Post  Group —  Annual Report
. Acquisitions
Acquisitions in 
No acquisitions were made in nancial year .
Acquisitions in 
Freight forwarding, transport and logistics service provider 
Global Forwarding & Co.  ( Oman), Oman, which was ac-
counted for using the equity method until April , has been
consolidated since May  due to contractual changes. In Decem-
ber , Deutsche Post  Group acquired StreetScooter GmbH.
e company develops electric vehicles. As a result of the acquisi-
tion, Deutsche Post  Group also acquired the development and
production rights to the vehicles.
Acquisitions, 
Country Segment
Interest
%
Date of
acquisition
Name
 Global Forwarding & Co.
 ( Oman), Muscat
Oman
Global
Forwarding,
Freight 40 7 May 2014
StreetScooter GmbH,
Aachen Germany PeP 100 18 Dec. 2014
Insignificant acquisitions, 
 m Carrying
amount Adjustment Fair value1 January to 31 December
Non-current assets 3 – 3
Current assets 11 – 11
Cash and cash equivalents 5 – 5
 19 – 19
Current provisions and liabilities 9 – 9
   9 – 9
Net assets 10
e calculation of goodwill is presented in the following table:
Goodwill, 
 m
Fair value
Contractual consideration 7
Fair value of the existing equity interest 1 2
Total cost 9
Less net assets 10
Difference –1
Plus non-controlling interests 2 3
Goodwill 2
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 amounts.
Following their consolidation, the companies contributed  mil-
lion to consolidated revenue and  million to consolidated  in
nancial year . If the companies had already been acquired as
at  January , they would have contributed an additional
 million to consolidated revenue and  million to consolidated
 in .
Transaction costs amounted to less than  million and are
reported in other operating expenses.
In ,  million was paid for the companies acquired in
nancial year , and  million was paid for companies acquired
in previous years. e purchase price for the companies acquired
was paid by transferring cash funds.
. Disposal and deconsolidation effects
Gains are shown in other operating income; losses are reported in
other operating expenses.
Disposal and deconsolidation effects, 
e disposal and deconsolidation eects in nancial year  were
as follows:
Disposal and deconsolidation effects, 
 m
  Ltd.1 January to 31 December
Non-current assets 3
Current assets 0
Cash and cash equivalents 0
 3
Non-current provisions and liabilities 0
Current provisions and liabilities 0
   0
Net assets 3
Total agreed consideration 14
Obligation assumed 5
Income from the currency translation reserve 0
Non-controlling interests 0
Deconsolidation gain (+) / loss (–) 6
  
In December ,  Supply Chain Limited (  Ltd.), ,
sold its food procurement business.
 ,  
e ne art transportation business of  Global Forwarding
(Denmark) , Denmark, was sold in December . Since all of
the amounts involved were less than  million, they are not shown
in the table “Disposal and deconsolidation eects, ”.
135
Consolidated Financial Statements — NOTES — Basis of preparation