DHL 2011 Annual Report Download - page 164
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 |
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
Cost 23
Less net assets 1
Difference 22
Less non-controlling interests 1 2
Goodwill 20
1 Non-controlling interests were recognised at their carrying amount.
Inclusion of the companies as at January would not
have materially a ected consolidated revenue and consolidated .
A total of million was spent in nancial year on
acquiring subsidiaries and million for subsidiaries acquired
in previous years. e purchase prices of the acquired companies
were paid in cash. Further information about cash ows can be
found in Note .
Variable purchase prices, which are given in the table below,
were agreed for the acquisitions:
Contingent consideration
Period
for fi nancial
years from / to
Results
range from
Fair value
of payment
obligation
Basis
Revenue and gross income 2011 to 2013
€ 0 to € 25
million € 5.8 million
2011
and 2012 unlimited € 1 million
Revenue and 2011 to 2013
€ 0 to
€ 3 million € 2 million
e insigni cant companies contributed million to con-
solidated revenue and – million to consolidated since the
date of initial consolidation. Inclusion of the companies as at Jan-
uary would not have materially a ected consolidated revenue
and consolidated .
million was expended on purchasing subsidiaries in
the period up to December , plus a further million
for subsidiaries already acquired in previous years. In addition,
Deutsche Post DHL received million in purchase price adjust-
ments relating to companies acquired in previous years. e pur-
chase prices of the acquired companies were paid in cash.
Acquisitions in
In the period up to December , Deutsche Post DHL
acquired two entities that did not materially a ect the Group’s net
assets, nancial position and results of operations either individu-
ally or in the aggregate.
Deutsche Post DHL Annual Report
158