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 net profit on operating activities as follows:
|
|
|
€k |
|
|
2008/2009 |
2007/2008 |
|
Amortization (Glossary) of product know-how |
4,843 |
12,083 |
Further effects on net profit on operating activities will not occur in future periods, since product know-how is completely amortized in the year under review.
|
Group Income Statement before |
€k | |
|
|
2008/2009 |
2007/2008 |
|
Net sales |
2,250,206 |
2,318,570 |
|
Cost of sales |
–1,667,915 |
–1,682,825 |
|
Gross profit |
582,291 |
635,745 |
|
Gross margin (%) |
25.9 % |
27.4 % |
|
Research and development expenses |
–103,249 |
–104,527 |
|
Selling, general and administration expenses |
–299,542 |
–325,223 |
|
Other operating income |
21 |
68 |
|
Investment result from equity consolidation |
–457 |
–200 |
|
Operating profit (EBIT) |
179,064 |
205,863 |
|
Goodwill amortization |
0 |
0 |
|
EBITA (Glossary) |
179,064 |
205,863 |
|
Amortization/depreciation of property rights, licenses and property, plant and equipment and write-down of reworkable service parts |
56,085 |
54,157 |
|
EBITDA (Glossary) |
235,149 |
260,020 |
|
Profit Attributable to Equity Holders of Wincor Nixdorf AG before Carve-out. |
€k | |
|
|
2008/2009 |
2007/2008 |
|
Profit attributable to equity holders of Wincor Nixdorf AG |
113,579 |
126,569 |
|
Amortization product know-how |
4,843 |
12,083 |
|
Calculated tax effect |
–1,453 |
–3,625 |
|
Profit attributable to equity holders of Wincor Nixdorf AG before carve-out |
116,969 |
135,027 |
