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:
|
€k |
|
October 1, 1999 |
Product know-how |
206,664 |
Goodwill |
351,623 |
Negative goodwill |
–1,274 |
|
557,013 |
The consequences of this affected net profit on operating activities as follows:
|
€k |
|
|
6 months |
6 months |
Amortization of product know-how |
7,240 |
7,614 |
Group Income Statement before Profit Charges arising from the Carve-out. |
€k |
|
|
6 months |
6 months |
Net sales |
1,183,006 |
1,085,402 |
Cost of sales |
–862,806 |
–787,726 |
Gross profit |
320,200 |
297,676 |
Research and development expenses |
–48,160 |
–45,834 |
Selling, general and administration expenses |
–171,487 |
–161,725 |
Other operating result |
102 |
0 |
Operating profit (EBIT) |
100,655 |
90,117 |
Goodwill amortization |
0 |
0 |
EBITA |
100,655 |
90,117 |
Amortization/depreciation of property rights, licenses and property, plant and equipment and write-down of reworkable service parts |
22,712 |
22,144 |
EBITDA |
123,367 |
112,261 |
