Annual Report 2008 Sustainable design & engineering - Grontmij

More documents

Recommendations

Info

Notes to the consolidated financial statements 6. Business combinations In the course of 2008, the Group acquired the following businesses: Date of acquisition Acquired share CANOR International kft., Budapest Hungary 1 January 75% Stoel & Partners Holding B.V, Zwolle The Netherlands 17 March 100% Whitelaw Turkington Ltd., London United Kingdom 28 February 100% Trett Consultancy Ltd., London United Kingdom 1 April 100% Roger Preston & Partners LLP, Maidenhead United Kingdom 5 April 100% KPI System, Katowice Poland 30 April 100% Teldako AB, Sundsvall Sweden 30 April 100% Groenplanning B.V., Maastricht The Netherlands 1 December 100% In addition, DPR Ingeniørerne, Hjorring, Denmark was acquired as per 1 April 2009 by means of an asset deal. The shares in the above businesses have been acquired for a total expected consideration of € 46,209,000. The acquisitions of Trett Consultancy and Roger Preston & Partners represented at a total expected consideration in excess of € 15 million each the largest part thereof. The total expected consideration relating to the seven other acquisitions amounts to € 11,285,000. In thousands of euros The total effect on the Group’s assets and liabilities relating to the acquisitions can be summarized as follows: Carrying values at Fair value Fair values at date of aquisition adjustments date of acquisition Intangible assets 2,378 15,274 17,652 Property, plant & equipment 965 - 965 Other financial assets 64 - 64 Current assets 16,698 -280 16,418 Cash and cash equivalents less bank overdraft 9,739 - 9,739 Deferred taxes -4 -165 -169 Non-current liabilities -1,002 - -1,002 Current liabilities -18,242 -100 -18,342 Identifiable assets and liabilities 10,596 14,729 25,325 Acquired share 25,245 Preliminary goodwill 20,964 Expected consideration 46,209 Expected to be paid in future years -8,669 Acquired net cash -9,739 Net cash outflow 27,801 In relation to the 2008 acquisitions, a relatively low amount of deferred taxes has been recognised due to the fact that the major part of the acquired intangible assets is tax depreciable. The goodwill recognised on acquisitions is attributable mainly to the skills and technical talent of the acquired businesses’ workforce and the synergies expected to be achieved from integrating the companies involved into the Group’s existing business. The acquired businesses contributed an amount of in total € 41.9 million on net revenue and an amount of in total € 2.4 million on the net result from the moment they were acquired through the reporting date. If they all would have been acquired as per 1 January 2008, the contribution would have been € 56.8 million and approx. € 4.2 million, respectively. 88 GRONTMIJ | ANNUAL REPORT 2008
Notes to the consolidated financial statements 7. Subsidiaries The main (operational) subsidiaries included in the consolidation are: In alphabetical order 2008 2007 2008 2007 BnS Contracting NV, Zelzate 100 100 Grontmij | Kats & Waalwijk Bouwadvies & Projectmanagement BV, Gorinchem 100 100 BnS Engineering NV, Zelzate 100 100 Grontmij | Kats & Waalwijk Vastgoedmanagement BV, Gorinchem 100 100 Carl Bro Vietnam Company Ltd., Hanoi 100 100 Grontmij | Kats & Waalwijk Vermogensbeheer BV, Gorinchem 100 100 Grontmij AB, Stockholm 100 100 Grontmij Maunsell ICS BV, De Bilt 51 51 Grontmij Assetmanagement Holding BV, De Bilt 100 100 Grontmij Nederland BV, De Bilt 100 100 Grontmij AEW Plan GmbH, Cologne 87 87 Grontmij Nederland Holding BV, De Bilt 100 100 Grontmij Auweck GmbH, Bremen 51 51 Grontmij Nederland Ontwikkeling BV, De Bilt 100 100 Grontmij A&T GmbH, Bremen 100 100 Grontmij Nederland Projecten BV, De Bilt 100 100 Grontmij Beheer Reststoffen Grontmij Polska Sp. Z o.o., Poznan 100 100 Projecten BV, De Bilt 100 100 Grontmij BGS Ingenieurgesellschaft mbH, Grontmij Stockholm Konsult AB, Stockholm 100 100 Frankfurt am Main 86 86 Grontmij Business Services BV, De Bilt 100 100 Grontmij Vastgoed Holding BV, De Bilt 100 100 Grontmij | Canor Kft., Budapest 75 - Grontmij Wallonie N.V., Ottignies-Louvain la-Neuve 100 100 Grontmij | Carl Bro a/s, Glostrup 100 100 Grontmij Water & Reststoffen Contracting BV, De Bilt 100 100 Grontmij | Carl Bro Pavement Ingenieursbureau Het Noorden BV, Groningen 100 100 Consultants AB, Göteborg 100 100 Grontmij Climate & Energy, De Bilt 100 100 Kontrola GmbH & Co KG, Cologne 100 100 Grontmij Energikonsult AB, Stockholm 100 100 MaasBilt BV, De Bilt 100 100 Grontmij Gfl Planungs- und Naarderbos Ontwikkeling BV, Naarden 100 100 Ingenieursgesellschaft GmbH, Bremen 100 100 Grontmij Group Ltd., Leeds 100 100 Roger Preston Group Ltd., Maidenhead 100 - Grontmij Ireland Ltd., Dublin 100 100 Trett Ltd., London 100 - Grontmij Ltd., Leeds 100 100 Whitelaw Turkington Landscape Architects Ltd., London 100 - A full list of Grontmij´s subsidiaries is available at the Trade Register in Utrecht, the Netherlands. GRONTMIJ | ANNUAL REPORT 2008 89
Page 1 and 2:
Annual Report 2008 Sustainable desi
Page 3 and 4:
Annual report 2008 Sustainable desi
Page 5 and 6:
Key figures 2008 2007 2006 2005 200
Page 7 and 8:
Overview 2008 Net margin (%) 5.0 4.
Page 9 and 10:
Text 1... Regional & rural developm
Page 11 and 12:
With about 70% of our assignments c
Page 13 and 14:
Information for shareholders During
Page 15 and 16:
Supervisory Board F.L.V. Meysman (c
Page 17 and 18:
Report of the Supervisory Board COM
Page 19 and 20:
Report of the Supervisory Board o V
Page 21 and 22:
Report of the Supervisory Board Fin
Page 23 and 24:
Text 1... European Water Framework
Page 25 and 26:
Executive Board S. Thijsen (Chief E
Page 27 and 28:
Report of the Executive Board Tempo
Page 29 and 30:
Report of the Executive Board For G
Page 31 and 32:
Report of the Executive Board STRAT
Page 33 and 34:
Text 1... Energy management Convent
Page 35 and 36:
Report of the Executive Board In 20
Page 37 and 38:
Report of the Executive Board Outlo
Page 39 and 40: Report of the Executive Board Trans
Page 41 and 42: Report of the Executive Board Types
Page 43 and 44: Text 1... Urban development Residen
Page 45 and 46: Report of the Executive Board A com
Page 47 and 48: Report of the Executive Board Gront
Page 49 and 50: Report of the Executive Board BALAN
Page 51 and 52: Text 1... Industrial site developme
Page 53 and 54: Report of the Executive Board With
Page 55 and 56: Report of the Executive Board The A
Page 57 and 58: Report of the Executive Board ANTI-
Page 59 and 60: Text 1... Transportation planning &
Page 61 and 62: Corporate Social Responsibility The
Page 63 and 64: Corporate Social Responsibility Gro
Page 65 and 66: Corporate Social Responsibility We
Page 67 and 68: Verslag van de Raad van Bestuur Cor
Page 69 and 70: Verslag van de Raad van Bestuur Cor
Page 71 and 72: Corporate Social Responsibility Rep
Page 73 and 74: Financial statements Contents Finan
Page 75 and 76: Consolidated income statement 2008
Page 77 and 78: Consolidated statement of cash flow
Page 79 and 80: Notes to the consolidated financial
Page 89: Notes to the consolidated financial
Page 121 and 122: Company income statement 2008 In th
Page 123 and 124: Notes to the company financial stat
Page 125 and 126: Notes to the company financial stat
Page 127 and 128: Other information Statutory provisi
Page 129 and 130: Report Stichting Preferente Aandele
Page 131 and 132: Report Stichting Administratiekanto
Page 133 and 134: Country management BELGIUM Frans Sm
Page 135 and 136: Offices See for our offices: www.gr
show all

Annual Report 2008 Sustainable design & engineering - Grontmij

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?