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Part 3 - Financial statements
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They are not significant for the last few years.
The impact of discontinued activities on the cash flow
of the Group amounted, for the 2012 financial year,
to EUR 0 thousand (EUR -88 thousand and EUR
-22 thousand for the 2011 and 2010 financial years)
(see note 20).
As of 31 December 2012, 2011 and 2010, assets and
liabilities of discontinued activities amounted to zero.
15. Changes of scope
There was no change of scope (acquisition or sale of subsidiary) during fiscal year 2012.
Acquisition of control of subsidiaries
In 2011, Hamon had acquired, with effect as of 1
September, the assets and some liabilities of Deltak
LLC, a US company based in Plymouth, MN, USA. Deltak
is a leader in heat recovery steam generators, particularly
useful in combined cycle thermal power plants.
In 2010, Hamon had acquired Enviroserv (Germany)
and J&C (South Africa) and took control of HSC,
previously a joint venture (India).
Moreover, Hamon had adjusted the purchase price of
DGE and TS (China) to reflect the finalization of the
compensation of the acquired cash, the revision of the
conditional payment and the update of the value of the
put option granted to non-controlling shareholders.
Sale/loss of control
Hamon had disposed in 2010 of the control of Brown Fintube France (BFT) to AIT in exchange of AIT shares,
included in non-controlling interests, and cash.