The Wincor Nixdorf Group was de-merged from Siemens Group by means of a leveraged buy-out on October 1, 1999. The amount of the purchase price paid over and above net assets acquired was divided up as follows:
|
|
€k |
|
|
Oct. 1, 1999 |
|
Product know-how |
206,664 |
|
Goodwill |
351,623 |
|
Negative goodwill |
–1,274 |
|
|
557,013 |
The consequences of this affected profit before tax as follows:
|
|
|
€k |
|
|
2007/2008 |
2006/2007 |
|
Amortization of product know-how |
12,083 |
14,854 |
|
Group Income Statement before Profit Charges Arising from the Carve-out (Glossary) . |
€k | |
|
|
2007/2008 |
2006/2007 |
|
Net sales |
2,318,570 |
2,144,563 |
|
Cost of sales |
–1,682,825 |
–1,553,887 |
|
Gross profit |
635,745 |
590,676 |
|
Gross margin (%) |
27.4% |
27.5% |
|
Research and development expenses |
–104,527 |
–96,569 |
|
Selling, general and administration expenses |
–325,223 |
–308,203 |
|
Other operating income |
68 |
0 |
|
Other operating expenses |
0 |
–3 |
|
Investment result from equity consolidation |
–200 |
0 |
|
Operating profit (EBIT) |
205,863 |
185,901 |
|
Goodwill amortization |
0 |
0 |
|
EBITA (Glossary) |
205,863 |
185,901 |
|
Amortization/depreciation (Glossary) of property rights, licenses and property, plant and equipment and write-down of reworkable service parts |
54,157 |
47,125 |
|
EBITDA (Glossary) |
260,020 |
233,026 |
|
Profit Attributable to Equity Holders of Wincor Nixdorf AG before Carve-out per Share. |
€k | |
|
|
2007/2008 |
2006/2007 |
|
Profit attributable to equity holders of Wincor Nixdorf AG |
126,569 |
108,036 |
|
Amortization product know-how |
12,083 |
14,854 |
|
Calculated tax effect |
–3,625 |
–5,793 |
|
Profit attributable to equity holders of Wincor Nixdorf AG before carve-out |
135,027 |
117,097 |
