DHL 2012 Annual Report Download - page 149

   
In the period up to  December , Deutsche Post DHL
acquired further subsidiaries that did not materially aect the
Group’s net assets, nancial position and results of operations,
either individually or in the aggregate.
Adcloud is a specialised provider of internet advertising space
marketing and placement services.
Eurodifarm is a specialist in the temperature-controlled
distribution of pharmaceutical and diagnostic products.
Standard Forwarding, a  company in the forwarding busi-
ness, was acquired in order to expand capacity in the Freight busi-
ness unit.
Deutsche Post DHL acquired all of the shares of its LifeConEx
, , joint venture, previously held by   Inc., .
is company provides end-to-end cold chain logistics services for
the life sciences industry. e change in the method of consolida-
tion resulted in a gain of . million, which is reported in other
operating income.
Under the terms of an asset deal,  Supply Chain Pty.
Limited, Australia, has acquired from Post Logistics Australasia
assets and liabilities relating to its road freight transport and ware-
housing and storage services.
Insignificant acquisitions, 
 m Carrying
amount Adjustments Fair value1 January to 31 December

Non-current assets 17 – 17
Current assets 26 – 26
Cash and cash equivalents 9 – 9
52 – 52
  
Non-current liabilities and provisions 6 – 6
Current liabilities and provisions 42 – 42
48 – 48
Net assets 4
Goodwill, 
 m
Fair value
Cash purchase price 63
Fair value of the existing equity interest 1 1
Total cost 64
Less net assets 4
Goodwill 60
1 Gain from the change in the method of consolidation is recognised under other operating
income.
e transaction costs for the insignicant acquisitions in 
amounted to . million.
Variable purchase prices, which are given in the table below,
were agreed for the acquisitions:
Contingent consideration, 
Period for
financial years
from / to
Results
range from
Fair value
of payment
obligation
Basis
Revenue and gross income 1 2011 to 2013
€0 to
€2 million €2 million

2011
and 2012 unlimited €1 million
Revenue and  2011 to 2013
€0 to
€3 million €2 million
1 Both the range and the fair value changed due to amended agreements and earnings
forecasts.
In the year , the insignicant acquisitions made in 
contributed  million to consolidated revenue and – million to
consolidated  since the date of initial consolidation. Inclusion
of the companies as at  January  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 cash
purchase prices of the acquired companies were paid by transfer-
ring cash funds.
Disposal and deconsolidation effects in 
 
e sales of the Express Couriers Limited , New Zea-
land, and Parcel Direct Group Pty Limited , Australia, joint
ventures closed at the end of June . e buyer is the former
joint venture partner, New Zealand Post.
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Basis of preparation
145