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 |
|
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 2007 |
|
9 months 2006 |
Amortization of product know-how |
|
11,234 |
|
15,926 |
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Statement of Income before Profit Charges arising from the Carve-out |
|
€k |
||
|
|
9 months 2007 |
|
9 months 2006 |
Net sales |
|
1,602,090 |
|
1,434,819 |
Cost of sales |
|
–1,159,884 |
|
–1,037,308 |
Gross profit |
|
442,206 |
|
397,511 |
Research and development expenses |
|
–69,966 |
|
–60,733 |
Selling, general and administration expenses |
|
–234,731 |
|
–222,147 |
Other operating result |
|
29 |
|
3,582 |
Operating profit (EBIT) |
|
137,538 |
|
118,213 |
Goodwill amortization |
|
0 |
|
0 |
EBITA |
|
137,538 |
|
118,213 |
Amortization/depreciation of property rights, licenses and property, |
|
33,125 |
|
30,262 |
EBITDA |
|
170,663 |
|
148,475 |