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 |
|
|
9 months |
9 months |
Amortization of product know-how |
4,843 |
9,662 |
Group Income Statement before Profit Charges arising from the Carve-out. |
€k |
|
|
9 months |
9 months |
Net sales |
1,729,063 |
1,737,608 |
Cost of sales |
–1,282,783 |
–1,259,737 |
Gross profit |
446,280 |
477,871 |
Research and development expenses |
–77,511 |
–75,109 |
Selling, general and administration expenses |
–230,323 |
–251,199 |
Other operating result |
–93 |
129 |
Operating profit (EBIT) |
138,353 |
151,692 |
Goodwill amortization |
0 |
0 |
EBITA |
138,353 |
151,692 |
Amortization/depreciation of property rights, licenses and property, plant and equipment and writedown of reworkable service parts |
40,161 |
37,044 |
EBITDA |
178,514 |
188,736 |
