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:
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k€ |
|
|
|
October 1, 1999 |
|
Product know-how |
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206,664 |
|
Goodwill |
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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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|
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k€ |
|
|
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6 months 2007 |
|
6 months 2006 |
|
Amortization of product know-how |
|
7,614 |
|
11,030 |
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Statement of Income before Profit Charges arising from the Carve-out |
|
k€ | ||
|
|
|
6 months 2007 |
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6 months 2006 |
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Net sales |
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1,085,402 |
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943,152 |
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Cost of sales |
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–787,726 |
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–676,633 |
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Gross profit |
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297,676 |
|
266,519 |
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Research and development expenses |
|
–45,834 |
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–40,581 |
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Selling, general and administration expenses |
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–161,725 |
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–152,480 |
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Other operating result |
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0 |
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1,723 |
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Operating profit (EBIT) |
|
90,117 |
|
75,181 |
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Goodwill amortization |
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0 |
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0 |
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EBITA |
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90,117 |
|
75,181 |
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Amortization/depreciation of property rights, licenses and property, plant and equipment and writedown of reworkable service parts |
|
22,144 |
|
17,145 |
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EBITDA |
|
112,261 |
|
92,326 |