Year ended 31 December 2012
On 11.12.2012, the Group acquired 100% of the shares of KTIMET S.A. for €100 thousand. The newly acquired company was included in the Group's financial statements with the full consolidation method.
The assets and liabilities of the above mentioned company, as they were recorded at the date of acquisition, are as follows:
| (all amounts in Euro thousands) |
Fair value recognised on acquisition |
Previous carrying value |
| Assets |
|
|
| Non current assets |
42 |
42 |
| Receivables and prepayments |
60 |
60 |
| Total assets |
102 |
102 |
| Liabilities |
|
|
| Other liabilities and taxes payable |
110 |
110 |
| Total liabilities |
110 |
110 |
| Total net assets acquired |
-8 |
-8 |
| Difference between cost of acquisition and preliminary identifiable net assets acquired |
108 |
|
| Purchase consideration, settled in cash |
100 |
|
| Cash flow on acquisition: |
|
|
| Purchase consideration settled in cash |
100 |
|
| Net cash outflow on acquisitions |
100 |
|
Purchase price allocation of the acquired company was completed within the fiscal year 2012 without any change.