Ardagh Glass Finance plc - Irish Stock Exchange

NOTES TO THE UNAUDITED CONSOLIDATED INTERIM
FINANCIAL INFORMATION (Continued)
8. Acquisition of Busch & Spreen GmbH in 2008 (Continued)
A summary of the net assets acquired is set out below:
Fair value
Book value adjustments Fair value
E’000 E’000 E’000
Buildings ............................................ 60 — 60
Property, plant and equipment ............................ 148 — 148
Intangible assets ...................................... 13 2,757 2,770
Inventories .......................................... 926 — 926
Trade and other receivables .............................. 677 — 677
Cash ............................................... 379 — 379
Total assets acquired ................................... 2,203 2,757 4,960
Trade and other payables ................................ (859) — (859)
Provisions for liabilities and charges ........................ (475) — (475)
Net assets ........................................... 869 2,757 3,626
Consideration:
Cost Busch & Spreen ................................... (3,429)
Acquisition expenses ................................... (197)
(3,626)
9. Related Party Transactions
The following transactions were carried out with related parties:
(a) Yeoman Capital S.A.
As at 30 September 2009 Yeoman Capital S.A. owned 39.31% of the ordinary shares of Ardagh
Glass Group plc. Three of Ardagh Glass Holding Ltd’s directors, Messrs. Coulson, Dowling and Baertz,
also serve as directors of companies within the Yeoman Group of companies.
(b) Key management compensation
Nine months ended
30 September 30 September
2009 2008
E’000 E’000
Salaries and other short term employee benefits ..................... 3,902 3,173
Post employment benefits ..................................... 645 328
4,547 3,501
(c)
Joint venture—Eura Glasrecycling GmbH
As at 30 September 2009, the Group owed A685,096 (2008: A0) to Eura Glas Recycling GmbH.
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