Fujitsu 2010 Annual Report Download - page 131

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2) Principal Reasons for Carrying Out the Business Combination
The Company and Siemens AG of Germany integrated their information system businesses in Europe and established Fujitsu Siemens
Computers (Holding) B.V. on October 1, 1999 for the development, manufacture, sale and maintenance of information systems. Due
to changes in the competitive environment in the ICT industry and new business opportunities, particularly in the infrastructure
services market, the Company decided to convert Fujitsu Technology Solutions (name changed from Fujitsu Siemens Computers in
April 2009) into a consolidated subsidiary. Fujitsu Technology Solutions, which mainly operates in Germany, one of the biggest ICT
markets in Europe, will help the Company promote the globalization of its products business. In addition, the Company will offer high
value-added services to customers by strengthening the relationship between Fujitsu Technology Solutions and Fujitsu Services
Holdings PLC, a UK subsidiary leading in service business in Europe, in order to accelerate the improvement of profitability outside
Japan and pursue opportunities for growth in the infrastructure service business.
3) Date of the Business Combination
April 1, 2009
4) Legal Form of the Business Combination and the Name of the Business Subsequent to the Combination
Legal form of the business combination: Acquisition of shares
Name of the business subsequent to the combination: Fujitsu Technology Solutions (Holding) B.V.
5) Percentage of Voting Rights Held
Prior to the acquisition 50%
Subsequent to the acquisition 100%
2. Period for Which the Acquired Company’s Financial Results Are Included in Consolidated Results
April 1, 2009–March 31, 2010
3. Acquisition Cost and Breakdown
Yen U.S. Dollars
(millions) (thousands)
Acquisition cost ¥54,566 $586,731
Cash: ¥53,740 million ($577,849 thousand); Related costs: ¥826 million ($8,882 thousand)
4. Amount of Goodwill; Reason for Recognition; Amortization Method and Period
Amount of goodwill: ¥62,468 $671,699
Reason for recognition: The acquisition cost exceeded the fair value of the net assets of the acquired company at the time of the
business combination, and the difference between these values is recognized as goodwill.
Amortization method, period:
Straight-line method over 10 years
5. Assets Acquired and Liabilities Assumed in the Business Combination
Current assets ¥276,694 $2,975,204
Non-current assets 79,047 849,968
Total assets: 355,741 3,825,172
Current liabilities 256,679 2,759,989
Long-term liabilities 101,797 1,094,592
Total liabilities 358,476 3,854,581
129
FUJITSU LIMITED Annual Report 2010
Notes to Consolidated
Financial Statements