Consolidation Group

The Group financial statements as of September 30, 2009, include those companies in which Wincor Nixdorf AG directly or indirectly has a majority of the voting rights (subsidiaries), or from which it is able to derive the greater part of the economic benefit and bears the greater part of the risk by virtue of its power to govern corporate financial and operating policies. Inclusion of such companies’ accounts in the Group financial statements begins at the moment of exercising control over the company, and ceases at expiration of control.

In fiscal 2008/2009, changes in the consolidation group as a result of business unit takeovers and new foundations were as follows:

• With effect May 1, 2009, 51% of the shares in Connections Canada Inc., Toronto, Canada, as well as 100% of the shares in CCi Solutions Limited, Swindon, Great Britain, and CCi Systems (M) Sdn. Bhd., Kuala Lumpur, Malaysia, (renamed as: WINCOR NIXDORF RETAIL SOLUTIONS (M) SDN. BHD, Kuala Lumpur, Malaysia) have been acquired. A put-call option was agreed for the remaining 49% of the shares in Connections Canada Inc., Toronto, Canada. In total, a purchase price of €1,811k has resulted (including the evaluated put-call option). The contributable revaluated equity as of May 1, 2009, came to €1,265k. Acquired assets and liabilities have no material effect on the Group financial statements. The entities share in the profit for the period (Glossary)  is –€780k. Had the companies been fully consolidated on October 1, 2008, Group net sales and profit for the period would have been €5,593k higher, respectively €127k lower.
• New foundation of WINCOR NIXDORF (PHILIPPINES), INC., Manila, Philippines, with a subscribed capital of PHP 50,000k (€777k), and subsequent purchase of a business unit of Siemens, Inc., Manila, Philippines, for a total purchase price of PHP 69,381k (€1,022k). The contributable revaluated net assets amounted to PHP 67,932k (€1,001k). Acquired assets and liabilities have no material effect on the Group financial statements. The entity’s share in the profit for the period is –€192k. Had the company been fully consolidated on October 1, 2008, Group net sales and profit for the period would have been €4,216k, respectively €553k higher.
• New foundation of WINCOR NIXDORF AUSTRALIA PTY LTD, Sydney, Australia, subscribed capital of AUD 800k (€408k)
• New foundation of LIMITED LIABILITY COMPANY WINCOR NIXDORF, Kiev, Ukraine, subscribed capital of UAH 61k (€6k)

There were no material differences between the final purchase price allocation relating to the acquisition of interests in Bankberatung Organisations- und IT-Beratung für Banken AG, Wedemark, Germany, and the provisional purchase price allocation as of September 30, 2008.

There was no significant impact on the Group’s net assets, financial position and results of operations as a result of the change to the scope of consolidation in fiscal 2008/2009.

Based on the values at acquisition date, the acquisitions of Connections Canada Inc., Toronto, Canada, CCi Solutions Limited, Swindon, Great Britain, and CCi Systems (M) Sdn. Bhd., Kuala Lumpur, Malaysia, (renamed as: WINCOR NIXDORF RETAIL SOLUTIONS (M) SDN. BHD, Kuala Lumpur, Malaysia) as well as the business unit of Siemens, Inc., Manila, Philippines, affected, in total, the Group financial statements as presented below:

As a result, the consolidation group at the year-end was made up of 73 fully consolidated companies (2007/2008: 67 companies), including Wincor Nixdorf AG, Paderborn.