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 2008/2009 |
6 months 2007/2008 |
Amortization of product know-how |
4,843 |
7,240 |
Group Income Statement |
€k |
|
|
6 months 2008/2009 |
6 months 2007/2008 |
Net sales |
1,233,511 |
1,183,006 |
Cost of sales |
–915,943 |
–862,806 |
Gross profit |
317,568 |
320,200 |
Research and development expenses |
–50,085 |
–48,160 |
Selling, general and administration expenses |
–164,430 |
–171,487 |
Other operating result |
21 |
102 |
Operating profit (EBIT) |
103,074 |
100,655 |
Goodwill amortization |
0 |
0 |
EBITA |
103,074 |
100,655 |
Amortization/depreciation of property rights, licenses and property, plant and equipment and write-down of reworkable service parts |
26,157 |
22,712 |
EBITDA |
129,231 |
123,367 |
