DHL 2010 Annual Report Download - page 159

Insignifi cant acquisitions
 e following table presents the acquisitions of subsidiaries
in  nancial year  that did not have any material e ect on the
Group’s net assets,  nancial position and results of operations
either individually or in the aggregate.
 e companies had no material e ect on consolidated rev-
enue or consolidated .  ere would have been no change if the
companies had been included as at January .
 e following table shows the insigni cant acquisitions in the
previous year.
Insignifi cant acquisitions 
 m Carrying
amount Adjustments Fair value1 January to 31 December

Non-current assets 0 – 0
Current assets 1 – 1
Cash and cash equivalents 0 – 0
1 – 1
  
Non-current liabilities and provisions 0 – 0
Current liabilities and provisions 0 – 0
0 – 0
Net assets 1
Goodwill 
 m
Fair value
Acquisition cost 23
Less net assets 1
Full goodwill 22
Less non-controlling interests1) 2
Goodwill 20
 Non-controlling interests were recognised at the carrying amount.
Insignifi cant acquisitions 
 m Carrying
amount Adjustments Fair value1 January to 31 December

Non-current assets 5 – 5
Current assets 9 – 9
Cash and cash equivalents 5 – 5
19 – 19
  
Non-current liabilities and provisions 0 – 0
Current liabilities and provisions 15 – 15
15 – 15
Net assets 4
 e insigni cant acquisitions in  nancial year  contrib-
uted a total of   million to consolidated revenue and – mil-
lion to consolidated . If all the companies had been acquired
as at  January , the amounts would have changed only insig-
ni cantly.
A total of   million was spent in  nancial year  on
acquiring subsidiaries and   million for subsidiaries acquired in
previous years (previous year (adjusted):   million; see Note ).
 e purchase prices of the acquired companies were paid in cash.
Further information about cash  ows can be found in Note .
Disposal and deconsolidation effects
 e following table shows the disposal and deconsolidation
e ects of companies and business areas in  nancial year . 
Express  Ltd., , sold its day-de nite domestic business in
March.   million in expenses was recognised by  Express 
pro rata from the currency translation reserve. In April,  Supply
Chain Austria sold parts of its contract logistics operations (frozen
and chilled food logistics).  e sale of the day-de nite domestic
business of  Express (France) , France, and of the cham-
pagne business of  Freight France, was completed in June.  e
disposal e ects attributable to Ful lment Plus GmbH, Germany,
Exel Delamode Logistics , Romania, and Innogistics , ,
are presented in the Miscellaneous column.  e deconsolidations
resulted in an aggregate loss of   million, which is reported
under other operating expenses.
Goodwill 
 m
Fair value
Acquisition cost 50
Less net assets 4
Full goodwill 46
Less non-controlling interests1) 19
Goodwill 27
 Non-controlling interests were recognised at the carrying amount.
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Basis of preparation
145