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KD Holding Group
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007
The assets and liabilities arising from the acquisition are as follows:
(in EUR) Fair value Carrying value
Cash and cash equivalents 986,672 718,257
Property, plant and equipment 1,442,568 18,344
Investment property 4,536,423 -
Available-for-sale financial assets 223,649 427,954
Loans and receivables 1,812,768 1,823,556
Other assets 1,306,403 69,271
Financial liabilities (2,734,719) -
Payables (1,217,667) (59,735)
Net assets 6,356,097 2,997,647
Minority interest 2,402,190 1,237,310
Net assets acquired:
- in the previous years 1,740,560 1,205,909
- in a current year 2,213,347 554,611
Cash and cash equivalents in subsidiary acquired
- in the previous years 768,602 669,459
- in a current year 1,847,987 434,076
Cash and cash equivalents in subsidiary acquired (986,672) (718,257)
Cash outflow on acquisition 1,629,917 385,278
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31.2 Disposal
In December 2007 the Group disposed of 100% of the
share capital of Globtour d.o.o. and 100% of the share
capital of company KD Investments b.v., Netherlands.
The gain on the disposal amounted to EUR 2,795,586.
(in EUR)
Carrying value
Cash and cash equivalents 293,958
Property, plant and equipment 546,638
Loans and receivables 4,407,932
Other assets 90,938
Financial liabilities (1,297,935)
Payables (5,162,211)
Net assets (1,120,680)
Goodwill 25,092
Minority interest -
Cash and cash equivalents for disposal of net assets 1,700,000
Cash and cash equivalents in diposed companies (293,958)
Cash from company disposal 1,406,042