Profit Charges arising from the Carve-out
Wincor Nixdorf was demerged from Siemens Group by means of leveraged buy-out on October 1, 1999. The amount of the purchase price exceeding the net assets acquired was divided as follows: The amortization arising from this has impacted net profit on ordinary activities as follows:
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| €k | ||
| Oct. 1, 1999 | ||
| Product know-how | 206,664 | |
| Goodwill | 351,623 | |
| Negative goodwill | –1,274 | |
| 557,013 |
The amortization arising from this has impacted net profit on ordinary activities as follows:
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| €k | ||||
| 9 months 2006 |
9 months 2005 | |||
| Amortization of product know-how | 15,926 | 20,337 |
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| Group Statement of Income before Profit Charges arising from the Carve-out | €k | |||
| 9 months 2006 |
9 months 2005 | |||
| Net sales | 1,434,819 | 1,264,863 | ||
| Cost of Sales | –1,037,308 | –900,738 | ||
| Gross profit | 397,511 | 364,125 | ||
| Research and development expenses | –60,733 | –54,982 | ||
| Selling, general and administration expenses | –222,147 | –209,354 | ||
| Other operating result | 3,582 | –1,155 | ||
| Operating profit (EBIT) | 118,213 | 98,634 | ||
| Goodwill amortization | 0 | 0 | ||
| Operating profit (EBITA) | 118,213 | 98,634 | ||
| Amortization/depreciation of property rights, licenses and property, plant and equipment and writedown of reworkable service parts 1) | 30,262 | 22,186 | ||
| EBITDA | 148,475 | 120,820 | ||
| 1) The previous year’s figures contain no write-down of reworkable service parts. |
Write-down of reworkable service parts amounts to € 3,795k for the period from October 1, 2005 to June 30, 2006.