Sharp 2011 Annual Report Download - page 61

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59
Annual Report 2011
Financial Section
(d) Amount of Generated Goodwill, Reason for Generation
of Goodwill, Goodwill Amortization Method and Period
(1) Amount of Generated Goodwill
¥15,403 million ($187,841 thousand)
(2) Reason for Generation of Goodwill
Revenue surplus to be expected as a result of busi-
ness expansion in the future
(3) Goodwill Amortization Method and Period
Equal amortization over ten (10) years
control of Recurrent Energy, LLC will enable the
Company and its consolidated subsidialies to function
as a developer in the photovoltaic field through this
acquisition, and further expand its business in this area.
(3) Date of Business Combination
November 4, 2010
(4) Legal Form of Business Combination
Acquisition of equity for cash consideration
(5) Corporate Name after Combination
Recurrent Energy, LLC
(6) Ratio of Acquired Voting Rights
Ratio of Voting Rights after Acquisition of Equity 100%
(7) Main Reason for deciding Acquiring Company
Sharp US Holding Inc., the Company’s wholly owned
subsidiary, acquired equity of Recurrent Energy, LLC
for cash consideration.
(b) Period of Operating Performance of the Acquired
Company included in Consolidated Financial Statements
From January 1, 2011 to March 31, 2011
Consideration for the acquisition: amount of investment in
Recurrent Energy, LLC as of the date of business combination
Other costs directly incurred for the acquisition
Total Acquisition Costs
Yen
(millions)
¥ 24,820
230
¥ 25,050
$ 302,683
2,805
$ 305,488
U.S. Dollars
(thousands)
(c) Details of the Acquisition Costs for Acquired Company
Current Assets
Non-Current Assets
Total Assets
Current Liabilities
Long-term Liabilities
Total Liabilities
Yen
(millions)
¥ 875
14,827
¥ 15,702
3,939
2,543
¥ 6,482
$ 10,671
180,817
$ 191,488
48,037
31,012
$ 79,049
U.S. Dollars
(thousands)
(e) Amount of Assets Accepted and Liabilities Assumed on the Date of Business Combination and their Details
Net Sales
Loss before Income Taxes and Minority Interests
Net Loss
Yen
(millions)
¥ 194
4,291
4,287
$ 2,366
52,329
52,280
U.S. Dollars
(thousands)
(f) Estimated Amount of Impact on the Consolidated Statements of Operation for this Fiscal Year assuming that Business
Combination was Completed on the First Day of this Fiscal Year
The estimated amount is the difference between net sales,
and profit and loss calculated on the assumption that the busi-
ness combination was completed on the first day of this fis-
cal year, and net sales, and profit and loss on the Consolidated
Statements. The estimated amount is un-audited.