Values

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Report Statements Supervisory
Board
Income Statement
Statement of Comprehensive Income
Balance Sheet
Cash Flow Statement
Statement of Changes in Equity
Notes
Change in Scope of Consolidation
Domestic Foreign Total
Consolidated at December 31, 2008 357 729 1,086
Additions 9 48 57
Disposals 26 104 130
Consolidated at December 31, 2009 340 673 1,013
Acquisitions and Disposals
Th e consideration paid for acquisitions and other additions
of participating interests in fi scal year 2009 less cash and cash
equivalents acquired amounted to €157 million. Acquisition
costs for these acquisitions in the sense of IFRS 3 totaled
€153 million.
At the extraordinary shareholders meeting held on March
20, 2009, the shareholders of the Hungarian television channel
M-RTL Zrt. (“M-RTL”) granted their consent and approval
to the transfer by Pearson Netherlands BV (“PNBV”) of its
20 percent stake in M-RTL to KOS Beteiligungs- und Verwaltungsgesellschaft
mbH (“KOS”). As a result, disagreements
among the shareholders were settled. Following the transfer of
the 20 percent stake by PNBV to KOS, the economic and voting
ownerships in M-RTL was as follows: RTL Group (49 percent),
IKO-Telekom Média Holding Zrt. (31 percent) and KOS (20 percent).
As a result of the arrangements among the shareholders
entered into on March 20, 2009, RTL Group has the ability in
practice to control M-RTL without the acquisition of additional
shares and fully consolidates M-RTL since April 1, 2009. Until
such date, M-RTL was accounted for using the equity method.
RTL Group has recognized at the date of the gain of control a
fair value of €7 million on the customer relationships and a
Effects of Acquisitions
in € millions M-RTL Other Total
Carrying Fair value Carrying Fair value Carrying Fair value
amount
amount
amount
Non-current assets
Goodwill – – – 67 – 67
Other intangible assets 17 24 18 35 35 59
Property, plant and equipment 9 9 4 4 13 13
Other non-current assets
Current assets
1 – 20 20 21 20
Inventories 36 36 21 21 57 57
Other current assets 27 27 11 11 38 38
Cash and cash equivalents 8 8 10 10 18 18
Liabilities
Financial debt – – 15 15 15 15
Other liabilities 52 52 46 46 98 98
Bertelsmann Annual Report 2009
related deferred tax liability of €1 million. Since April 1, 2009
M-RTL contributed €83 million to revenues and €14 million to
group profi t or loss. Had the business combination occurred on
January 1, 2009 the contribution to the revenues and to group
profi t or loss would have been €102 million and €12 million,
respectively.
On June 26, 2009 RTL Group acquired from KOS non-voting
shares in M-RTL representing an economic interest of 18 percent
for an amount of €42 million. As a result, RTL Group now
owns an economic interest of 67 percent and voting rights of
49 percent in M-RTL.
Several smaller acquisitions with a total volume of
€114 million were also implemented in the year under review.
Th e resulting goodwill and the goodwill from other additions
of participating interests amounted to €67 million. Th e adjustment
amounts for the fair values for other intangible assets
determined as part of purchase price allocations per IFRS 3
totaled €17 million.
Th e acquisitions during the year under review had the following
impact on the Bertelsmann Group’s assets and liabilities
at the time of their initial consolidation:
87